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Stabilus S.A. concludes early redemption of senior secured notes


Stabilus S.A. / Key word(s): Financing

2015-06-17 / 11:39



CORPORATE NEWS Luxembourg/Koblenz, June 17, 2015

Stabilus S.A. concludes early redemption of senior secured notes

Luxembourg/Koblenz, June 17, 2015 - On June 16, 2015, Stabilus S.A. (Stabilus, ISIN: LU1066226637), the globally leading developer and producer of gas springs and hydraulic dampers, as planned concluded the premature and full redemption of all its outstanding senior secured notes with the principal amount of EUR 256,122,969.84 due in 2018. In accordance to the terms of the bonds issued, the nominal redemption price per redeemed note amounted to EUR 103,875, equaling 103.875% of the principal amount of each EUR 100,000 note redeemed.

The redemption of the outstanding senior notes due in 2018 was financed by a loan comprising a total of EUR 320 million (EUR 270 million Term Loan Facility and EUR 50 million Revolving Credit Facility) that was agreed for this purpose and announced on December 19, 2014, and which is available to the company since June 15, 2015.

By concluding the redemption of the outstanding senior notes, Stabilus installed a long term financing structure that reduces the company's interest burden by around EUR 13 million per year compared with the previous interest structure. The one-time transaction costs amount to approx. EUR 15 million in cash, including early redemption costs.

Press Contact:
Gaby Jonethal
Tel.: +49 261 8900 502
E-Mail: gjonethal@stabilus.com

Charles Barker Corporate Communications
Tobias Eberle
+49 69 794090 24
E-Mail: Tobias.Eberle@charlesbarker.de
 
Investor Relations Contact:
Andreas Schröder
Tel.: +352 286 770 21
E-Mail: anschroeder@stabilus.com
 
   
 

 





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369171  2015-06-17 

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