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Grammer AG places debenture bond with a total volume of EUR 90 million

DGAP-News: Grammer AG / Key word(s): Miscellaneous
Grammer AG places debenture bond with a total volume of EUR 90 million

15.05.2013 / 10:49

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Grammer AG places debenture bond with a total volume of EUR 90 million

New issue replaces debenture bond issued in 2006
High rate of oversubscription underlines the finacial solidity
of Grammer Group

Amberg, May 15, 2013 - Grammer AG has successfully issued a debenture bond
with a total volume of EUR 90 million. The offering was greeted with more
than threefold oversubscription. As a result of the high demand, the
originally planned volume was increased by 20 percent to now EUR 90
million.

The new debenture bond features four separate tranches with maturities of
up to six years and paying either a fixed or a variable rate of interest.
It replaces an existing debenture bond issued in 2006. Among the investors
in the new financing are both domestic and international banks as well as
institutional investors.

The placement of the debenture bond is part of the planned Grammer
long-term financing strategy, which, among other goals, includes an
expansion of the creditor base and further improves the maturity structure.

'The strong demand and high rate of oversubscription of the new debenture
bond underlines the solidity of Grammer Group's financing and
attractiveness of our company within the capital market' , says CFO Volker
Walprecht. 'After last year's prolongation of our global credit facility
and the successful placement of the new debenture bond, we have increased
our financial options significantly. We now have sufficient financial
power for our organic growth targets and for further strategic
investments', explains Hartmut Mueller, CEO of Grammer Group.

Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and
production of components and systems for automotive interiors as well as
driver and passenger seats for offroad vehicles (tractors, construction
machinery, forklifts), trucks, buses and trains. Our Seating Systems
division comprises the truck and offroad seat segments as well as train and
bus seating. In the Automotive division, we supply headrests, armrests and
center console systems to premium automakers and automotive system
suppliers.

Grammer is represented in 18 countries worldwide with a workforce of
approx. 9,000 employees across its 26 fully consolidated subsidiaries.

Grammer shares are listed in the SDAX segment of the German Stock Exchange,
and are traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading platform and on the OTC markets of the Stuttgart, Berlin
and Hamburg stock exchanges.




Contact:
GRAMMER AG
Ralf Hoppe
Phone: [phone]
[e-mail]


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15.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart


End of News DGAP News-Service
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