SANHA GmbH & Co. KG: Successful placement of the new 8.75% bond 2024/2029

SANHA GmbH & Co. KG: Successful placement of the new 8.75% bond 2024/2029

• SANHA bond 2024/2029 with a volume of EUR 14.7 million successfully placed
• Exchange rate of approx. 40%
• Trading of the bond starts on 10 December 2024 on the Open Market of the Frankfurt Stock Exchange

Essen, 6 December 2024 – SANHA GmbH & Co. KG, one of the leading manufacturers of piping systems, placed its 8.75% bond 2024/2029 (ISIN: DE000A383VY6, WKN: A383VY) with a volume of EUR 14.7 million. The new SANHA bond will be tradable on the Open Market of the Frankfurt Stock Exchange from 10 December 2024 (trading by appearance planned from 9 December 2024). The outstanding volume of the 2013/2026 bond (ISIN: DE000A1TNA70, WKN: A1TNA7) has been reduced to EUR 20.251 million as a result of the exchange. Depending on the market environment, SANHA reserves the right to increase the issue volume of the 2024/2029 bond in the coming months through further private placements.

In addition, due to the current positive liquidity situation, the company is considering a buyback offer for further notes of the 2013/2026 bond on terms yet to be determined depending on the price development.

Bernd Kaimer, Managing Partner of SANHA GmbH & Co. KG: “In view of the challenging market environment for medium-sized issuers, we are extremely satisfied with the result of the bond issue. The great response and the continued trust of our existing investors, which is reflected in the high exchange rate, confirm that we are on the right track. The issue of the new bond is an important step towards further diversifying our financing structure and strengthens the resilience of our family-run company, which has also characterised our business model in recent years.”

The issue was supported by Quirin Privatbank AG, HEUKING as legal advisor, Lewisfield Deutschland GmbH as financial advisor, CapSolutions GmbH as selling agent and IR.on AG as communications advisor.

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

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.