Corporate | 9 May 2017 16:54

Elmos Semiconductor AG: Promissory note loan of 40 million Euro for refinancing purposes successfully placed

DGAP-News: Elmos Semiconductor AG / Key word(s): Financing

09.05.2017 / 16:54
The issuer is solely responsible for the content of this announcement.

Dortmund, May 09, 2017: Elmos Semiconductor AG (FSE: ELG) has issued a promissory note loan totaling 40 million Euro. It is for general corporate financing purposes. It will also be used to repay loans of 35 million Euro maturing in 2017 and 2018.

The promissory note is divided into three tranches with five-, seven- and ten-year terms, each with a fixed interest rate. All tranches were significantly oversubscribed due to high investor demand.

“Elmos has secured long-term financing at attractive terms and substantially expanded its investor base. The strong interest in the seven- and ten-year tranches, which account for 70% of the loan’s volume, is proof of the capital market’s confidence in our business development,” says Dr. Arne Schneider, Chief Financial Officer of Elmos Semiconductor AG.

Landesbank Baden-Württemberg assisted with the deal in its role as sole lead manager.

About Elmos Semiconductor AG

Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.

09.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Elmos Semiconductor AG
	Heinrich-Hertz-Str. 1
	44227 Dortmund
	Germany
Phone:	+49 (0)231 7549-510
Fax:	+49 (0)231 7549-111
E-mail:	invest@elmos.com
Internet:	http://www.elmos.com
ISIN:	DE0005677108
WKN:	567710
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

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