DGAP-Ad-hoc: paragon GmbH & Co. KGaA / Key word(s): Issue of Debt
paragon GmbH & Co. KGaA resolves to issue a bond in the minimum amount of CHF 30 million with the possibility to increase the total amount up to CHF 40 million
Delbrück, April 1, 2019 - The general partner of paragon GmbH & Co. KGaA ("Issuer") decided today together with the supervisory board to issue a 5-year bond. The bond under Swiss law has a principal amount of at least CHF 30 million and can be increased to a total principal amount of CHF 40 million. It will be offered to the public exclusively in Switzerland.
The interest rate of the bond is indicative between 3⅝ and 4⅛ % p.a. The issue date is expected to be April 23, 2019. The provisional listing of the bonds on the SIX Swiss Exchange will also be applied for as of April 23, 2019.
The net proceeds of the bond will be used for growth financing in the automotive area, the financing of construction work in Delbrück in order to consolidate and expand the currently dispersed locations in Delbrück, refinancing of existing financial obligations, and general funding purposes.
Helvetische Bank AG is acting as Lead Manager and has firmly underwritten the bond.
The final terms (issue amount and coupon) are expected to be fixed and communicated on April 5, 2019 based on demand in the book building and on general market conditions. The Lead Manager reserves the right of early allocation in case of early closing of the book building.
About paragon GmbH & Co. KGaA
In addition to the company headquarters in Delbrück (North Rhine-Westphalia, Germany), paragon GmbH & Co. KGaA and its subsidiaries operate sites in Suhl (Thuringia, Germany), Neu-Ulm, Nuremberg and Landsberg am Lech (Bavaria, Germany), Korntal-Münchingen and St. Georgen (Baden-Württemberg, Germany), Bexbach and Limbach (Saarland, Germany), Aachen (North Rhine-Westphalia, Germany) as well as in Kunshan (China) and Cedar Park (Austin, Texas, USA).
Financial Press & Investor Relations Contact paragon GmbH & Co. KGaA
01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||paragon GmbH & Co. KGaA|
|Phone:||+49 (0)5250 97 62 - 0|
|Fax:||+49 (0)5250 97 62 - 60|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||794377|
|End of Announcement||DGAP News Service|
794377 01-Apr-2019 CET/CEST