Mutares Considers Issuing EUR 100 Million Senior Secured Bond

Munich, 2 September 2024 – Mutares SE & Co. KGaA is evaluating the issuance of a new senior secured floating rate corporate bond, targeting EUR 100 million. This decision follows approval from the Supervisory Board and mandates for Arctic Securities AS and Pareto Securities AS to arrange investor meetings from 3 September 2024.

The bond will have a five-year term under Norwegian law. The minimum subscription is set at EUR 100,000. Proceeds will be used for general corporate activities, including working capital and acquisitions. Mutares might also propose a conditional buy-back of the existing bond, subject to subscription in the new issuance.

Existing bondholders will have a right of first refusal to subscribe to the new bond. Mutares' final decision is contingent on market conditions and feedback from investor meetings. Updates will be communicated as required by legal obligations.