NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Senior Vice President Corporate Communication and Marketing
Tel. +49 9132 82-3135
Fax +49 9132 82-4994
2012-06-29 | 000-003-556 DE-EN
SCHAEFFLER AG, HERZOGENAURACH
The Schaeffler Group has successfully placed a further bond offering of 300 million Euros with private and institutional investors. The offering was more than four times oversubscribed. In light of the high demand, the offer size was upsized from initially 200 million Euros to 300 million Euros.
The bond has a term of five years and has a coupon of 6.75 percent. The emission price was approximately 99 percent. The bond is issued by Schaeffler Finance B.V. and guaranteed by Schaeffler AG as well as by selected subsidiaries.
Klaus Rosenfeld, CFO of Schaeffler AG, said, “With this new bond offering for retail investors, we are expanding into a new market segment and further diversifying our investor base. The successful placement in the current volatile market environment demonstrates that we have been successful in establishing the Schaeffler Group as a reputable issuer in the High Yield market. This creates further flexibility for us in optimizing our capital structure.“
The bonds will be listed on the Regulated Market of the Luxembourg Stock Exchange. The subscription period for domestic Schaeffler employees will begin on 3 July 2012.
Dr. Juergen M. Geissinger, CEO of Schaeffler AG, commented, “After the inaugural issue of high yield bonds in February this year we received strong interest from our employees to participate in such an issue. This is proof of the strong commitment and loyalty that our employees have towards their company. With this innovative offering and the chosen structure we are meeting this demand.“
This press release does not contain or constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or other jurisdictions in which offers are subject to legal restrictions. The securities referred to in this press release may not be sold or offered for sale in the United States of America or to U.S. persons, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), absent registration or an exemption from registration. Subject to certain exemptions in accordance with the Securities Act, the securities referred to in this announcement may not be sold or offered for sale in Australia, Canada or Japan or to or for the account of Australian, Canadian or Japanese persons. No registration will take place of the offer or sale of the securities referred to in this announcement in accordance with the respective legal requirements in Canada, Australia and Japan. No public offer of securities is made in the United States of America.
This press release is for promotional purposes only and does not constitute a prospectus. Interested investors should make their investment decision regarding the securities referred to in this announcement exclusively on the basis of information from a securities prospectus related to the offer of these securities published by the company and approved by the Commission de Surveillance du Secteur Financier, Luxembourg (“CSSF”). The offering prospectus will be available free of charge after publication at Schaeffler AG (Industriestr. 1-3, 91074 Herzogenaurach, Germany) or on the website www.schaeffler-group.com/ir.
The offer and sale of the securities referred to in this announcement in Member States of the European Economic Area other than Luxembourg and Germany will be made pursuant to an exemption under the Prospectus Directive, as implemented in Member States, from the requirement to produce a prospectus for offers of securities.