HÖRMANN Industries limits interest rate range of its new bond 2023/2028 to 7.0-7.5% p. a.

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HÖRMANN Industries limits interest rate range of its new bond 2023/2028 to 7.0-7.5% p. a.

• High demand from institutional and retail investors
• Subscription period for the public offering ends tomorrow, 30 June 2023, 12:00 CET

Kirchseeon, 29 June 2023 – Technology specialist Hörmann Industries GmbH today narrowed the interest rate range of its new corporate bond (ISIN: NO0012938325, WKN: A351U9) to 7.0-7.5% p.a. Within this range, the final coupon will be determined based on the subscription orders received and will be announced with a pricing decision before the end of the offering period. The subscription period for the public offering ends tomorrow, 30 June 2023, 12:00 CET. So far, high demand has been recorded from both institutional and retail investors.

The new HÖRMANN bond 2023/2028 has a term of five years and an issue volume of EUR 50 million, which will be used to refinance the existing bond 2019/2024 (ISIN: NO0010851728, WKN: A2TSCH). The issue comprises a public offering to investors in Germany and Luxembourg and a private placement to institutional investors in certain other countries. A listing on the Open Market of the Frankfurt Stock Exchange is planned for the new bond on 11 July 2023. In addition, it is intended that the new bond will be included in the Nordic ABM segment of the Oslo Stock Exchange within six months of the issue date.

Further details on the HÖRMANN bond 2023/2028 including step-by-step instructions on how to subscribe and the legally relevant securities prospectus can be found at https://www.hoermann-gruppe.com/en/investor-relations/bond-2023-2028.

 

 

About the HÖRMANN Group

The HÖRMANN Group has grown steadily since its formation in 1955. HÖRMANN Holding GmbH & Co. KG is the parent company of more than 30 subsidiaries operating in the Automotive, Communication, Intralogistics and Engineering segments with a high degree of entrepreneurial initiative and independence. The HÖRMANN Group aims to offer its customers specific solutions and services that provide clear benefits and economic advantages. To achieve this, the HÖRMANN Group harnesses all of the broadly diversified and connected knowledge of its workforce of around 2,950 highly qualified employees across a wide range of technology areas.

www.hoermann-gruppe.com

 

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

 

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), 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.