DGAP-News

Enterprise Holdings Limited: Subscription of New 7.0% Corporate Bond 2015/2020 to Start Thursday, March 19, 2015 - Exchange Offer to Holders of Corporate Bond 2012/2017 - Increased transparency: quarterly reporting

DGAP-News: Enterprise Holdings Limited / Key word(s): Issue of
Debt/Bond
Enterprise Holdings Limited: Subscription of New 7.0% Corporate Bond
2015/2020 to Start Thursday, March 19, 2015 - Exchange Offer to
Holders of Corporate Bond 2012/2017 - Increased transparency:
quarterly reporting

17.03.2015 / 15:34

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Enterprise Holdings Limited: Subscription of New 7.0% Corporate Bond
2015/2020 to Start Thursday, March 19, 2015
Exchange Offer to Holders of Corporate Bond 2012/2017
Increased transparency: quarterly reporting

The subscription period for the new corporate bond 2015/2020 (ISIN:
DE000A1ZWPT5) of Enterprise Holdings Limited starts Thursday, March 19,
2015 and is projected to end on Thursday, March 26, 2015 at 4:00pm (right
to early closure reserved.) The new bonds with a maturity of five years
have a volume of up to 85m Euros with a 7.0% annual interest rate, 35m
Euros of which are reserved for the exchange offer scheduled at the same
time. Holders of the bond issued in September 2012 and maturing in 2017
(ISIN: DE000A1G9AQ4) can exchange it for new bonds at a rate of 1:1 from
Thursday, March 19 to inclusively March 26, 2015. For each bond, they
receive a cash payment of 20 Euros for every 1,000 Euros nominally, which
equals a selling price of 102%.

Inclusion of the new bonds in the Entry Standard segment for bonds in the
Open Market of Deutsche Börse AG (over-the-counter market at the Frankfurt
Stock Exchange) is scheduled for March 30, 2015. Also in March 2015, the
new bond 2015/20 received a rating of BBB+ by Creditreform Rating AG. In
the terms and conditions of the bond the company is committed to disclose
quarterly financial reports. Similar to the first bond a special account
provides security to bond holders for the annual interest payments.

Institutional investors can place their purchase orders directly with Lead
Manager & Bookrunner VEM Aktienbank AG. Meanwhile, private investors
interested in subscribing can do so at the Frankfurt Stock Exchange through
their main and custodian banks as well as through selected direct banks.

Use of the bond proceeds is intended for financing future growth of the
company, especially in Europe. The company is a niche provider of wholesale
insurance fully regulated by the EU insurance supervisory body, which