Biotest AG: Biotest AG successfully placed a Schuldschein of EUR 210 m.
Biotest AG / Key word(s): Agreement / Biotest AG successfully placed a Schuldschein of EUR 210 m. - Three times oversubscribed due to the significant investor demand - Further milestone for the financing of the company growth strategy achieved Dreiech, October 24, 2013 - Biotest successfully placed a Schuldschein of approx. EUR 210 m. Commerzbank Aktiengesellschaft and Landesbank Hessen-Thüringen (Helaba) acted as bookrunners. Biotest offered 5, 7 and 10 year tranches denominated in EUR as well as 5 year tranches denominated in USD both on a fixed and floating rate basis. Given the strong demand from the market the transaction was significantly oversubscribed and Biotest decided to increase the launch amount of EUR 100 m to some EUR 210 m. All tranches were fixed on the lower end of the spread range. The transaction has been supported by more than 70 investors, which are mainly saving banks, commercial banks, Landesbanken and also international banks. The funds raised will be used for the announced capacity expansion project as well as for general business purposes. Disclaimer This document contains forward-looking statements on overall economic development as well as on the business, earnings, financial and assets position of Biotest AG and its subsidiaries. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and elements of uncertainty that could result in significant deviation of actual developments from expected developments. The forward-looking statements are only valid at the time of publication. Biotest does not intend to update the forward-looking statements and assumes no obligation to do so. About Biotest Biotest AG, Landsteinerstr. 5, 63303 Dreieich, www.biotest.de Securities' ID No., ISIN ordinary shares: 522720, DE0005227201 End of Corporate News 24.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.medientreff.de and www.dgap.de |
Language: | English | |
Company: | Biotest AG | |
Landsteinerstraße 5 | ||
63303 Dreieich | ||
Germany | ||
Phone: | 0 61 03 - 8 01-0 | |
Fax: | 0 61 03 - 8 01-150 | |
E-mail: | investor_relations@biotest.de | |
Internet: | http://www.biotest.de | |
ISIN: | DE0005227235, DE0005227201 | |
WKN: | 522723, 522720 | |
Indices: | SDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart | |
End of News | DGAP News-Service |
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