SANHA GmbH & Co. KG: Subscription to new bond 2024/2029 still possible until 6 December

SANHA GmbH & Co. KG: Subscription to new bond 2024/2029 still possible until 6 December

• More than 60% of the new bond already placed through exchange alone
• Subscription period via Deutsche Börse's subscription functionality runs until 6 December 2024
• Confirmation of the forecast for the financial year 2024

Essen, 3 December 2024 – Until Friday, 6 December (12 pm), investors have the opportunity to subscribe to the 2024/2029 bond (ISIN: DE000A383VY6, WKN: A383VY) of SANHA GmbH & Co. KG, one of the leading manufacturers of piping systems, via the subscription functionality of Deutsche Börse (DirectPlace). The new bond has a term of five years. The annual fixed interest rate is 8.75% and will be paid semi-annually in arrears. Listing on the Frankfurt Stock Exchange is scheduled for 10 December 2024.
The exchange offer to holders of the existing 2013/2026 bond was successfully completed at the beginning of the week. More than 60% of the new bond has already been placed through the exchange alone.

Bernd Kaimer, Managing Partner of SANHA GmbH & Co. KG: “The above-average conversion rate reflects the great confidence our long-standing investors have in SANHA as a family-run company, with which we have been active on the capital market for many years now. Through targeted investments and our broad international presence in 50 markets, we have been able to strengthen the resilience of the SANHA Group in recent years and significantly expand our profitability with double-digit EBIT margins. This means that we are well equipped for the future, even in challenging market situations.”

Forecast for 2024 confirmed
In this context, the management confirms the forecast issued for the 2024 financial year. Accordingly, business is expected to be robust against the backdrop of broad country and industry diversification. Overall, the management expects slight growth in revenues (2023: EUR 121.8 million) in the low single-digit range as well as a stable EBITDA (2023: 16.0%) and EBIT margin (2023: 11.8%).

About SANHA

SANHA GmbH & Co. KG is a leading manufacturer of piping systems. The products of the 100% family-owned industrial company are used in many sectors, including building services, refrigeration technology, fire protection and numerous industrial applications such as technical gases. SANHA holds around 250 product certifications for the various applications. The company based in Essen has around 700 employees and is active in 50 countries worldwide. Around 10,000 products, primarily piping systems made of copper, copper alloys, stainless steel, carbon steel and plastic are manufactured in four plants in Germany and other European countries.
 

Investor Relations / Press:

Jonas Schneider, Johannes Kaiser
IR.on AG
Phone: +49-221-914097-38
E-mail: SANHA@ir-on.com

Key data of the SANHA 2024/2029 bond

Disclaimer

This press release contains ADVERTISING. This press release as well as the information contained herein do not represent an offer to sell or an invitation to buy securities of SANHA GmbH & Co. KG in the Federal Republic of Germany or in the Grand Duchy of Luxembourg or in another country and shall not be construed as such, in particular if such an offer or such an invitation is forbidden or not permitted, and do not replace the securities prospectus. Potential investors in notes of the 2024/2029 bond of SANHA GmbH & Co. KG are asked to seek information about such restrictions and to comply with them. An investment decision regarding the notes of the 2024/2029 bond of SANHA GmbH & Co. KG may be made only on the basis of the securities prospectus approved by the Luxembourg Financial Supervisory Authority (Commission de Surveillance du Secteur Financier – CSSF) on 4 November 2024, which is available at https://www.sanha.com/en/Investor-Relations/Documents/ and www.luxse.com. The CSSF’s approval should not be understood as an endorsement of the securities offered. Potential investors should read the prospectus before making an investment decision in order to fully understand the potential risks and opportunities of the decision to invest in the securities. The information contained in this document may not be distributed outside the Federal Republic of Germany and the Grand Duchy of Luxembourg, in particular not in the United States of America, to U.S. persons (as defined in Regulation S of the United States Securities Act of 1933) or to publications with a general circulation in the United States of America, unless such distribution outside the Federal Republic of Germany and the Grand Duchy of Luxembourg is required by mandatory provisions of applicable law. Any breach of this restriction may constitute a violation of the securities regulations of certain countries, in particular the United States of America. Notes of SANHA GmbH & Co. KG are not publicly offered for sale outside the Federal Republic of Germany and the Grand Duchy of Luxembourg.