EANS-Adhoc: Air Berlin PLC places convertible bond offering
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.
placement convertible bonds
20.08.2009
London, 20 August 2009 - Air Berlin PLC priced and placed convertible bonds today in an aggregate principal amount of 125 million Euro with institutional investors outside the United States, Canada, Australia and Japan. The convertible bonds, which will be guaranteed by Air Berlin PLC, will be issued by Air Berlin Finance B.V. and will be convertible into shares of Air Berlin PLC. The pre-emptive rights of Air Berlin PLC's shareholders are excluded. . The convertible bonds denominated into units with a nominal value of 50,000 Euro will have a maturity of 5 years and a coupon of 9%. The conversion price per share was agreed between Air Berlin PLC and the institutional investors and was set at 4.01 Euro. The convertible bonds will be issued at 100% of their principal amount and will be redeemed at 100% of their principal amount on 24 August 2014, subject to prior conversion into shares of Air Berlin PLC or early redemption. Settlement and closing are expected to occur on or about 25 August 2009. Air Berlin PLC intends to list the convertible bonds in the open market (Freiverkehr) of the Frankfurt Stock Exchange at the latest by the end of September 2009. Air Berlin intends to use proceeds from the sale of the convertible bonds for refinancing (including buyback of outstanding 2007/2027 convertible bonds) and general corporate purposes. Morgan Stanley Bank AG and quirin bank AG have acted as Joint Bookrunners and Lead Managers of the bond issue.
Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire Great Britain WKN AB1000 (Share) on the Frankfurt Stock Exchange (Regulated Market, Prime Standard) WKN A0NQ9H (Wandelanleihe 2007) Euro MTF Market on the Luxembourg Stock Exchange WKN A1A LH0 (Convertible Bond 2009) Open Market on the Frankfurt Stock Exchange
Not for release, publication or distribution in the United States, Canada, Australia and Japan and in any other jurisdiction in which offers or sales of securities of Air Berlin PLC (the "Securities") are prohibited by applicable law. This document does not constitute an offer to sell or a solicitation of an offer to purchase securities of Air Berlin PLC. The Securities may not be offered or sold in the United States under the U.S. Securities Act of 1933, as amended, absent registration or an exemption from registration. No public offering of Securities will be made in the United States. This document is not for general publication, release or distribution in the United Kingdom and may only be distributed in the United Kingdom to persons who (i) are investment professionals falling within article 19 (5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, in its current version (the "Order"), or (ii) are high net worth entities or other persons to whom it may lawfully be communicated falling within article 49 (2) (a) to (d) of the Order (all such persons will be termed "Relevant Persons" below). Anyone in the United Kingdom who is not a Relevant Person may not act on the basis of this press release or its contents. Any investment or investment activity to which this press release refers is only available to Relevant Persons and is only carried out with Relevant Persons.
end of announcement euro adhoc
Further inquiry note:
Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com
Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade