Homann Holzwerkstoffe GmbH Announces New Bond Issue

Homann Holzwerkstoffe GmbH has decided to issue a new corporate bond (2025/2032) valued up to EUR 120 million, offering an interest rate between 6.5% and 7.5% per annum. This is part of an exchange offer for holders of its 2021/2026 bond series. The exchange process begins on April 30, 2025.

The new bond follows Norwegian law, with a seven-year term. The offer will be made public in Luxembourg and Germany and includes a voluntary exchange scheme with multiple purchase options for existing bondholders. Investors exchanging the 2021/2026 notes will receive a 2025/2032 bond with a nominal value of EUR 1,000, EUR 20 cash settlement, and accrued interest.

Public subscriptions start on May 9 and close on May 19, 2025. Managed by IKB Deutsche Industriebank AG and Pareto Securities AS, the bonds are expected to list on both the Frankfurt Stock Exchange and the Oslo Stock Exchange within six months.