Corporate | 15 May 2013 10:49


Grammer AG places debenture bond with a total volume of EUR 90 million


Grammer AG / Key word(s): Miscellaneous

15.05.2013 / 10:49

Grammer AG places debenture bond with a total volume of EUR 90 million

New issue replaces debenture bond issued in 2006
High rate of oversubscription underlines the finacial solidity
of Grammer Group

Amberg, May 15, 2013 – Grammer AG has successfully issued a debenture bond with a total volume of EUR 90 million. The offering was greeted with more than threefold oversubscription. As a result of the high demand, the originally planned volume was increased by 20 percent to now EUR 90 million.

The new debenture bond features four separate tranches with maturities of up to six years and paying either a fixed or a variable rate of interest. It replaces an existing debenture bond issued in 2006. Among the investors in the new financing are both domestic and international banks as well as institutional investors.

The placement of the debenture bond is part of the planned Grammer long-term financing strategy, which, among other goals, includes an expansion of the creditor base and further improves the maturity structure.

‘The strong demand and high rate of oversubscription of the new debenture bond underlines the solidity of Grammer Group’s financing and attractiveness of our company within the capital market’ , says CFO Volker Walprecht. ‘After last year’s prolongation of our global credit facility and the successful placement of the new debenture bond, we have increased our financial options significantly. We now have sufficient financial power for our organic growth targets and for further strategic investments’, explains Hartmut Mueller, CEO of Grammer Group.

Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and production of components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles (tractors, construction machinery, forklifts), trucks, buses and trains. Our Seating Systems division comprises the truck and offroad seat segments as well as train and bus seating. In the Automotive division, we supply headrests, armrests and center console systems to premium automakers and automotive system suppliers.

Grammer is represented in 18 countries worldwide with a workforce of approx. 9,000 employees across its 26 fully consolidated subsidiaries.

Grammer shares are listed in the SDAX segment of the German Stock Exchange, and are traded on the Munich and Frankfurt stock exchanges, via the Xetra electronic trading platform and on the OTC markets of the Stuttgart, Berlin and Hamburg stock exchanges.




Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com


End of Corporate News

15.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
211216  15.05.2013