EQS-News

Karlsberg Brauerei GmbH issues new corporate bond and plans early refinancing of the 2020/2025 bond - Seite 2

The subscription period for the public offer via the subscription functionality of Deutsche Börse will commence on 11 April 2024 and is expected to end on 25 April 2024, 12:00 noon CEST (subject to an early termination or an extension of the offer period).

It is planned to list the bonds on the Frankfurt Stock Exchange in the Quotation Board segment (Open Market) and within six months after the Issue Date on the Nordic ABM of the Oslo Stock Exchange. The public offering will take place in Germany and Luxembourg. As part of a private placement, the bonds will also be offered in Germany, selected European countries and certain other countries. The issue is aimed at institutional investors and asset managers as well as private investors. Pareto Securities AS, Frankfurt Branch, is acting as Lead Manager in the Private Placement.

Christian Weber, managing and personally liable partner of Karlsbergbrauerei Kommanditgesellschaft Weber: "Since our debut on the capital market in 2012, we have established ourselves as a reliable capital market participant and a good investment. Solidity is a key premise of our traditional family business with over 145 years of success. With our fourth corporate bond, we are now offering investors the opportunity to accompany us on this journey and secure an attractive interest rate. In addition to addressing our already established investor base, the Nordic Bond format we have chosen also allows us to target Scandinavian and European investors more specifically."

Karlsberg Brauerei, one of Germany's largest family-owned brewery groups, is characterised by an attractive financial profile (gross revenue 2023: EUR 153 million, adjusted EBITDA 2023: EUR 17.7 million), a solid equity ratio (31 December 2023: 30.5%) and a moderate net leverage ratio (31 December 2023: 2.8x).

The company pursues a corporate strategy focussed on consumer needs and offers its customers in the region, nationally and internationally an attractive product portfolio. In addition to the classic beer segment, Karlsberg Brauerei is also very well positioned in the non-alcoholic beer and mixed beer beverage segments. The focus here is on the strong strategic brands "Karlsberg" and "MiXery", supplemented by a number of other own brands and brands from cooperation partners, which together form a stable business with a diversified product portfolio.