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This announcement is not a prospectus and not an offer of securities for sale in any jurisdiction, including in or into the United States, Canada, Japan, Australia or any jurisdiction in which offers or sales of the securities would be prohibited by applicable law. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.

Heidelberger Druckmaschinen Aktiengesellschaft successfully places convertible bonds

  • Issue size of EUR 58.6 million
  • Coupon of 5.25 percent
  • Maturity of 7 years
  • Reduction of financing costs

Heidelberger Druckmaschinen Aktiengesellschaft (“Heidelberg”) successfully placed senior unsecured convertible bonds (the "Bonds") within a few hours with a total issue volume of EUR 58.6 million. The Bonds were placed with domestic and international institutional investors outside of the US only.

The Bonds have a maturity of 7 years and the initial conversion price is around EUR 3.11. The coupon of the Bonds has been set at 5.25 percent, payable quarterly in arrears. Heidelberg intends to apply for the inclusion of the convertible bond to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. Settlement will take place on or around March 30, 2015.

Heidelberg will have the option to redeem all of the Bonds at their principal amount plus accrued interest on or after April 20, 2018, in accordance with the terms and conditions of the Bonds, if the value of the underlying Shares exceeds 130 % of the Bonds’ principal amount over a specified period. Holders of the Bonds will have the option to require an early redemption of their Bonds on March 30, 2020 at their principal amount plus accrued interest.

Deutsche Bank, BNP Paribas, Commerzbank and LBBW acted as Joint Bookrunners and Joint Lead Managers for the offering of the Bonds. DZ Bank and IKB Deutsche Industriebank acted as Co-Lead Managers.

Subsequent to the planned issuance and the partial redemption of the high yield bond, Heidelberg’s financing structure will basically consist of a syndicated credit line totaling around EUR 277 million with a term until mid- 2017, a convertible bond in the amount of EUR 60 million maturing in mid-2017, a high-yield bond of around EUR 300 million with a maturity until April 2018 and the new convertible bond of up to EUR 58.6 million maturing March 2022.

For additional details about the company and image material, please visit the Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Further information:
Heidelberger Druckmaschinen AG

Corporate Public Relations
Thomas Fichtl
Phone: +49 (0)6222 82-67123
Fax: +49 (0)6222 82-67129
E-mail: thomas.fichtl@heidelberg.com

Investor Relations
Robin Karpp
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com

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