EQS-News

DEAG Deutsche Entertainment Aktiengesellschaft: Subscription period for the Corporate Bond 2023/2026 starts today

EQS-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Issue of Debt DEAG Deutsche Entertainment Aktiengesellschaft: Subscription period for the Corporate Bond 2023/2026 starts today 19.06.2023 / 08:32 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, INTO OR IN THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN, CANADA, OR ANY OTHER COUNTRY IN WHICH SUCH DISTRIBUTION OR PUBLICATION MAY BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

DEAG: Subscription period for the Corporate Bond 2023/2026 starts today

• Subscription period expected to end on 27 June 2023 (12:00 CET)
• Fixed interest rate between 7.50% – 8.50% p.a. for a term of three years
• Minimum subscription EUR 1,000
• Subscriptions can be placed via “Direct Place” of Deutsche Börse AG
• Use of proceeds: refinancing of the DEAG Bond 2018/2023 and financing of further growth

 

Berlin, 19 June 2023 – As of today, investors can acquire “music for their account” and subscribe to the new Corporate Bond 2023/2026 (ISIN NO0012487596) issued by DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) as part of a public offering in Germany and Luxembourg. The bond is subject to Norwegian law, has an issue volume of up to EUR 50 million and a maturity of three years, until 12 July 2026. The bond carries a fixed interest rate between 7.50% and 8.50% p.a. The final interest rate is expected to be determined by 27 June 2023 by way of a book building process. The subscription period is expected to run until 27 June 2023 (12:00 CET), subject to early closing. Repayment will be made at maturity in the nominal amount of EUR 1,000 per bond. The exchange and over-allotment offer to creditors of the DEAG 2018/2023 Bond, in which they will also receive a cash settlement of EUR 15 and accrued interest, is expected to run until 23 June 2023.