Infineon Technologies AG / Issue of Debt
18.05.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.
THIS NOTICE IS NOT A PROSPECTUS AND, TO THE EXTENT THAT IT MAY CONSTITUTE
AN ADVERTISEMENT, DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION
OF AN OFFER TO PURCHASE SECURITIES OF INFINEON TECHNOLOGIES AG
Ad-hoc-Announcement according to § 15 WpHG
Infineon launches Guaranteed Subordinated Convertible Bonds due 2014
convertible into up to 74,950,000 shares of Infineon
Neubiberg - 18 May 2009
The Management Board of Infineon Technologies AG ('Infineon') resolved
today, with the consent of the Supervisory Board, to approve the issuance
of guaranteed subordinated convertible bonds (the 'Bonds'). The Bonds will
be issued by Infineon Technologies Holding B.V., a wholly-owned subsidiary
of Infineon, and will be guaranteed by Infineon. The Bonds will be marketed
to institutional investors by way of an accelerated bookbuilding. The
Management Board resolved, with the consent of the Supervisory Board, to
exclude the pre-emptive rights of shareholders of Infineon to subscribe for
the Bonds.
The contemplated transaction is a further step in Infineon's refinancing
strategy. The Bonds will strengthen Infineon's liquidity position and
extend the debt maturity profile.
The conversion price will be set at a premium of 25% above the
volume-weighted average XETRA price of Infineon's ordinary shares from
launch until the time of pricing. The number of shares underlying the Bonds
will be up to 74,950,000 registered ordinary shares, with a notional par
value of EUR 2.00 per share each. On that basis the aggregate principal
amount will be approximately EUR 203.1 million (calculated based on the
XETRA closing price of Infineon shares on 15 May 2009).
The maturity of the Bonds will be 5 years. The Bonds are expected to be
issued at 86.40% - 92.80% of the principal amount on the settlement date,
resulting in issue proceeds for Infineon of EUR 175.5 - 188.5 million
(calculated based on the XETRA closing price of Infineon shares on 15 May
2009). The fixed coupon is expected be set between 7% to 8% per annum,
payable semi-annually in arrear. Unless the Bonds are previously converted
they will be redeemed at maturity at 100% of their principal amount.
Closing and settlement of the Bonds is expected to take place on 26 May
2009. It is intended to include the Bonds to be traded on the open market
(Freiverkehr) of the Frankfurt Stock Exchange; however issuance of the
Bonds will not be conditional upon obtaining such inclusion to trading.
Credit Suisse Securities (Europe) Limited is acting as Sole Bookrunner for
the transaction. Credit Suisse Securities (Europe) Limited and quirin bank
AG are acting as Joint Lead Managers.
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Information and Explaination of the Issuer to this News:
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications, and security. In the 2008 fiscal year
(ending 30 September), the company reported sales of EUR 4.3 billion with
approximately 29,100 employees worldwide in continuing operations. With a
global presence, Infineon operates through its subsidiaries in the United
States from Milpitas, CA, in the Asia-Pacific region from Singapore, and in
Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange
(ticker symbol: IFX) and in the United States on the over-the-counter
market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com.
Contact:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987
Disclaimer:
This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America (including its
territories and possessions, any state of the United States and the
District of Columbia). This announcement is not an offer of securities for
sale in the United States. The securities referred to herein have not been
and will not be registered under the U.S. Securities Act of 1933 ('US
Securities Act'), as amended, and may not be offered or sold in the United
States, except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United States.
This announcement is only distributed to and aimed at (i) persons outside
the United Kingdom or (ii) professional investors as per Article 19(5) of
the Financial Services and Markets Act 2000 and the Financial Promotion
Order 2005 (the 'Order'), or (iii) high net wealth companies and other high
net wealth persons as per Article 49(2)(a) to (d) of the Order (these
persons jointly being termed 'qualified persons'). All of the securities
named herein are available only to qualified persons and any invitation,
offer or agreement to subscribe to, buy or otherwise acquire them is made
only to qualified persons. Persons who are not qualified persons should on
no account act with regard to or in confidence on this information or its
contents.
This announcement is for information purposes only and does not constitute
an offer to sell, or a solicitation or an offer to buy any securities. In
connection with this transaction there has not been, nor will there be, any
public offering of the Bonds. No prospectus will be prepared in connection
with the offering of the Bonds. The Bonds may not be offered to the public
in any jurisdiction in circumstances which would require the issuer of the
Bonds to prepare or register any prospectus or offering document relating
to the Bonds in such jurisdiction. The distribution of this ad-hoc
announcement and the offer and sale of the Bonds in certain jurisdictions
may be restricted by law.
Contact:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987
DGAP 18.05.2009
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Language: English
Issuer: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Deutschland
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News DGAP News-Service
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DGAP-Adhoc: Infineon Technologies AG: INFINEON LAUNCHES CONVERTIBLE BOND 2014
| Source: EQS Group AG