EQS-Adhoc

Karlsberg Brauerei GmbH resolves to issue a new corporate bond including an exchange offer for holders of the 2020/2025 bond

EQS-Ad-hoc: Karlsberg Brauerei GmbH / Key word(s): Issue of Debt/Bond Karlsberg Brauerei GmbH resolves to issue a new corporate bond including an exchange offer for holders of the 2020/2025 bond 03-Apr-2024 / 08:01 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Karlsberg Brauerei GmbH resolves to issue a new corporate bond including an exchange offer for holders of the 2020/2025 bond

Homburg, 3 April 2024 - Karlsberg Brauerei GmbH today decided to issue a new corporate bond and plans to refinance its existing 2020/2025 bond (ISIN: DE000A254UR5, WKN: A254UR) ahead of schedule. The new corporate bond 2024/2029 under Norwegian law (ISIN: NO0013168005, WKN: A3825C) is expected to have a target volume of EUR 50 million, a term of five years and an annual fixed interest rate in a range between 6.00% and 7.00%. The final interest rate is expected to be determined after the end of the offer period on the basis of the subscription orders received and published in a pricing notice.

The issue is to be made by way of a public offer in Germany and Luxembourg and will also include a voluntary exchange offer including a multiple purchase option to the holders of the 2020/2025 bond. The public offer will be made subject to and on the basis of a securities prospectus which is expected to be approved by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg, today. The securities prospectus will be published immediately after approval on the company's website at investoren.karlsberg.de in the "Anleihe 2024/2029" section.

The proceeds from the bond issue are to be used for the early redemption of the existing 2020/2025 corporate bond with a total nominal amount of EUR 50 million, which can be called by the company at a price of 101% since 30 September 2023 (call option). The issuer intends to exercise its call option for the 2020/2025 bond within three business days of the issue date (value date) of the new 2024/2029 bond and to redeem all outstanding bonds not tendered as part of the 2024 exchange offer by 6 June 2024 at the latest.