EANS-Adhoc: TUI AG
Impact on TUI AG of the offering of additional senior notes
by Hapag-Lloyd in the context of the refinancing transactions
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Financing
25.10.2010
Hanover, 25 October 2010. Due to strong investor demand for the Hapag-Lloyd issuance of approximately 700 million US dollars (equivalent) senior notes on 8 October, Hapag-Lloyd today placed additional senior notes in the amount of approximately 150 million euros in the capital market.
Against the background of the enhanced liquidity position of Hapag-Lloyd, TUI AG now expects a repayment in full of the Hybrid III (TUI portion 215 million euros) by the end of the year 2010 subject to compliance with certain contractual liquidity requirements and financial ratios at Hapag-Lloyd.
Some of the information in this press release may contain predictions, expectations or forward-looking statements. These statements may entail known or unknown risks or uncertainties. Actual results and developments may therefore differ materially from the expressed expectations and assumptions. The performance of financial markets, the development of exchange rates, amendments to national and international laws, in particular concerning tax regulations, may also have an impact. Except as provided by law, the Company undertakes no obligation to update forward-looking statements.
The Senior Notes will not be or have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
end of announcement euro adhoc
Further inquiry note:
Investor Relations contact:
Björn Beroleit, phone +49 (0) 511 566 1310
Nicola Gehrt, phone +49 (0) 511 566 1435
Media contact:
Uwe Kattwinkel, phone +49 (0) 511 566 1417
Robin Zimmermann, phone +49 (0) 511 566 1488
Branche: Transport
ISIN: DE000TUAG000
WKN: TUAG00
Index: MDAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing
Hamburg / regulated dealing
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
Hannover / regulated dealing
München / regulated dealing