EQS-Adhoc: HÖRMANN Industries decides to issue fourth corporate bond

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HÖRMANN Industries decides to issue fourth corporate bond

Kirchseeon, 14 June 2023 – The management of HÖRMANN Industries GmbH today decided to issue a new corporate bond with a volume of EUR 50 million. The new 5-year bond 2023/2028 (ISIN: NO0012938325; WKN: A351U9) is expected to carry a coupon of 6.5% to 7.5% p.a. The final coupon will be announced after the end of the offer period in a pricing decision.

The bond will be publicly offered in Luxembourg and Germany and will comprise a voluntary exchange offer including a purchase option to the holders of the existing bond 2019/2024 (ISIN: NO0010851728; WKN: A2TSCH). The voluntary exchange offer is scheduled to commence on 16 June 2023 and to end on 28 June 2023, 18:00 h CET. In the context of the public offer, the subscription period via the subscription function of Deutsche Börse is scheduled to run from 21 June 2023 until presumably 30 June 2023, 12:00 CET (subject to early closing).

The public offer will be based on a prospectus which is expected to be approved shortly by the Luxembourg supervisory authority, Commission de Surveillance du Secteur Financier (CSSF). Once approved, the prospectus will be published on the company’s website at https://www.hoermann-gruppe.com/en/investor-relations.

The new bond 2023/2028 will also be offered by way of a private placement in Germany, Luxembourg and certain other countries.

The company intends to use the proceeds from the issue of the new bond 2023/2028 primarily for the early redemption of the existing bond 2019/2024.

The new bond is planned to be listed on the Open Market of the Frankfurt Stock Exchange and, within six months from the issue date, in the Nordic ABM segment of the Oslo Stock Exchange.

DISCLAIMER

This announcement does not constitute an offer to purchase securities of Hörmann Industries GmbH and is not a substitute for a securities prospectus. An investment decision regarding the bonds of Hörmann Industries GmbH must be made exclusively on the basis of the prospectus approved by the Luxembourg securities supervisory authority (Commission de Surveillance du Secteur Financier - CSSF) and notified to the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) and published on the company's website at https://www.hoermann-gruppe.com/en/investor-relations. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

Contact:

HÖRMANN Industries GmbH
Hauptstr. 45-47
D-85614 Kirchseeon
T +49 8091 5630 0
F +49 8091 5630 195
info@hoermann-gruppe.com

Financial and business press:

IR.on AG
Frederic Hilke, Jonas Schneider
T +49 221 9140 97 18
hoermann@ir-on.com

1657201  14-Jun-2023 CET/CEST