EQS-News

Karlsberg Brauerei GmbH issues new corporate bond and plans early refinancing of the 2020/2025 bond

EQS-News: Karlsberg Brauerei GmbH / Key word(s): Issue of Debt/Bond Karlsberg Brauerei GmbH issues new corporate bond and plans early refinancing of the 2020/2025 bond 03.04.2024 / 09:41 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News / Advertising

Karlsberg Brauerei GmbH issues new corporate bond and plans early refinancing of the 2020/2025 bond

• Target volume: EUR 50 million; interest margin: 6.00 % to 7.00 % p. a.
• Approval of the securities prospectus today
• Exchange offer for holders of the 2020/2025 bond starts on Friday, 5 April 2024
• Subscription period for the new bond from 11 April to  25 April (expected) 2024

Homburg, 3 April 2024 - Karlsberg Brauerei GmbH is issuing a new corporate bond and plans to apply the proceeds to refinance its existing 2020/2025 bond ahead of schedule. The corresponding securities prospectus was approved today by the Luxembourg Financial Market Authority Commission de Surveillance du Secteur Financier (CSSF).

The new corporate bond 2024/2029 under Norwegian law (ISIN: NO0013168005, WKN: A3825C) has a target volume of EUR 50 million and a tenor of five years. The annual fixed interest rate will be in the range between 6.00% and 7.00% and will be paid semi-annually in arrears. The final interest rate will be determined after the end of the offer period on the basis of the subscription orders received and published in a pricing notice. The proceeds from the bond issue are to be used for the early redemption of the existing corporate bond 2020/2025 (ISIN: DE000A254UR5, WKN: A254UR) in the 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 issue includes a public exchange offer to the holders of the 2020/2025 bond, which begins on Friday, 5 April 2024 and ends on 22 April 2024, 18:00 CEST. For each exchanged 2020/2025 bond, holders will receive a new 2024/2029 bond, a cash settlement amount of EUR 10.00 and accrued interest. The creditors participating in the public exchange offer will also be granted a multiple purchase option.