euro adhoc: Versatel AG
other
Versatel AG plans to issue senior secured
floating rate notes
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
08.06.2007
Ad hoc announcement to § 15 WpHG
Versatel plans to issue senior secured floating rate notes
Düsseldorf, June 8, 2007 - The management board of Versatel AG decided, with the approval of the supervisory board, to issue Euro 525 million of senior secured floating rate notes due 2014 subject to market and other conditions.
The senior secured floating rate notes shall be offered to institutional investors outside the United States of America pursuant to Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act") and to "qualified institutional buyers" in the United States of America pursuant to Rule 144A of the Securities Act. The road show for bringing the notes to market shall start within the next few days.
The predominant portion of the proceeds from the offering of the notes shall be used to refinance a bridge facility which was entered into by Versatel on April 26, 2007 in connection with its initial public offering for purposes of refinancing senior credit and second lien facilities taken out in 2006 in connection with the financing of the Tropolys acquisition. Such refinancing took place on May 2, 2007, together with a portion of the proceeds from the initial public offering of Versatel AG.
The Notes shall be listed on the Alternative Securities Market of the Irish stock exchange.
Legal note
This communication is not an offer of securities for sale in the United States. No securities of the Company have been nor will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and no securities may be offered, sold or otherwise transferred in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of securities in the United States.
This communication is directed only at persons who (i) are
outside of the United Kingdom or (ii) have professional
experience in matters relating to investments or (iii) are
persons falling within Article 49(2)(a) to (d) ("high net worth
companies, unincorporated associations etc") of The Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005
(all such persons together being referred to as "relevant
persons"). This communication must not be acted on or relied on by
persons who are not relevant persons. Any investment activity to
which this communication relates is available only to relevant
persons and will be engaged in only with relevant persons.end of announcement euro adhoc 08.06.2007 08:32:38
Further inquiry note:
Susanne Tengler
Tel.: +49(0)211 52283556
E-Mail: susanne.tengler@versatel.de
Branche: Telecommunications Equipment
ISIN: DE000A0M2ZK2
WKN: AOM2ZK
Index: TecDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard