EANS-News: Semperit AG Holding Successfully Places EUR 125 Million Corporate
Schuldschein Loan (with photo)
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information
Wien (euro adhoc) - Semperit AG Holding has successfully placed a corporate
Schuldschein loan to the amount of EUR 125 million. The issue consists of
tranches with five, seven and ten years maturity. The weighted average interest
rate of the corporate Schuldschein loan is 2.35%. Based on an initial amount of
EUR 75 million the transaction was subscribed five-fold. It was not only placed
in Austria and Germany but also in other European and non-European countries,
especially in Asia. The proceeds will be used to refinance liabilities incurred
in connection with the acquisition of Latexx Partners, Malaysia, in the previous
year. In addition, the cash inflow will also be used to implement the on-going
growth programme of the Semperit Group.
"The issuing of the corporate Schuldschein loan represents an important step
towards the diversification and further optimisation of the Group's financing.
By issuing the Schuldschein we are taking advantage of the on-going attractive
interest rate level, especially with respect to the long tenures, and are thus
preparing for further growth steps", says Johannes Schmidt-Schultes, Chief
Financial Officer of Semperit. "The favourable interest rates of the
Schuldschein reflect our solid balance sheet structure and the strong cash flow
of Semperit", he adds.
At the end of the first quarter of 2013, Semperit had a positive net liquidity
of EUR 33 million and boasted an equity ratio of 51.7% (incl. non-controlling
interests) of the balance sheet total.
About Semperit
The publicly listed Semperit AG Holding is an internationally-oriented group
that develops, produces, and sells highly specialised rubber and plastic
products for the medical and industrial sectors: examination and surgical
gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails,
construction profiles, cable car rings, and products for railway
superstructures. The headquarters of this long-standing Austrian company, which
was founded in 1824, are located in Vienna, and the global R & D centre is in
Wimpassing, Lower Austria. The Semperit Group employs more than 10,000 people
worldwide, including more than 7,000 in Asia and more than 700 in Austria. The
group has 22 manufacturing facilities worldwide and numerous sales offices in
Europe, Asia, and America. In 2012, the group generated revenue of EUR 829
million and an EBITDA of EUR 109 million.
Pictures with Announcement:
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http://resources.euroadhoc.com/us/tEWTQZS5
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.com
Stefan Marin
Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.comwww.semperitgroup.com
end of announcement euro adhoc
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Pictures with Announcement:
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http://resources.euroadhoc.com/us/tEWTQZS5
company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ViDX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien, stock market: Stuttgart,
Frankfurt
language: English