ALLGEIER SE / Key word(s): Financing
04.12.2014 17:33
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Munich, December 4, 2014 - Allgeier SE (ISIN DE0005086300, WKN 508630) has
successfully placed a borrower's note loan in an amount of EUR 80 million
on the capital market.
As part of the placing, the borrower's note loan was offered with both
fixed and variable coupons with maturity tranches of 5 and 7 years. Strong
investor demand resulted in significant oversubscription for the
transaction. The originally planned volume was subsequently topped up to
EUR 80 million. Of this amount, EUR 66.5 million is attributable to the
5-year maturity and EUR 13.5 million to the 7-year maturity. For both
tranches, the spread was set at the lower end of the marketing range, and
amounts to 140 basis points for the 5-year tranche and 170 basis points the
7-year tranche.
The placing was realised among 18 investors, especially private banks,
Landesbanks and savings banks from Germany and Austria. Most of the
investors had already subscribed for the previous borrower's note.
The proceeds from this new borrower's note loan will fully repay, as of its
final maturity date, the EUR 29.5 million of the 3-year tranche of the
existing borrower's note loan that was placed in spring 2012. In addition,
the variable 5-year and 7-year tranches of the previous borrower's note
loan will be repaid early in amounts of EUR 18 million and EUR 2 million
respectively. As a consequence, the new borrower's note loan serves to
refinance existing bonds in an amount of around EUR 50 million.
The new borrower's note loan generates medium- and long-term financing
security for the entire Allgeier Group on significantly improved terms. The
additional borrowing volume also creates additional scope to finance
corporate growth and targeted acquisitions in future-oriented markets.
Contact:
Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher GroÃe
WehrlestraÃe 12
81679 Munich, Germany
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: ir@allgeier.com
Web: www.allgeier.com
Allgeier SE is one of the leading IT companies for Business Performance
today: Allgeier combines the advantages of an international provider with
the merits of medium-sized companies with a growth strategy oriented
consistently to innovations and future trends, and an integrative business
model. Operating divisions, each with their individual specialist or
sector-related focal points, work together for more than 2,000 customers
from almost all sectors. With more than 5,000 salaried employees and over
1,200 freelance IT experts, Allgeier, as a one-stop shop, offers customers
a comprehensive portfolio of solutions and services. Allgeier's customers
include globally operating groups as well as innovative medium-sized
operations that wish to secure strategic advantages through high-performing
IT solutions, intelligent software and flexible personnel services. This
high-growth company, which is based in Munich, Germany, operates at more
than 90 sites in the German-speaking region, and at further locations in
the rest of Europe, as well as in India, Mexico and the USA. In 2013
Allgeier generated EUR 478 million of revenue. Allgeier SE was ranked first
in the Lünendonk(R) List 2014 of "Leading German medium-sized IT consulting
and system integration companies". The Allgeier Experts Division ranks
among the top three IT personnel service-providers in Germany according to
the Lünendonk(R) 2014 market segment study "The market for recruiting,
mediating and managing IT freelancers in Germany". The company is listed on
the regular market of the Frankfurt Stock Exchange in the General Standard
segment (WKN 508630/ISIN DE0005086300). Further information is available on
the company's website at: www.allgeier.com.
04.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ALLGEIER SE
WehrlestraÃe 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info@allgeier.com
Internet: http://www.allgeier.com
ISIN: DE0005086300
WKN: 508630
Indices: CDAX
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Allgeier SE places EUR 80 million borrower's note loan
| Source: EQS Group AG