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Senior Vice President Corporate Communication and Marketing
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2012-06-28 | 000-003-549 DE-EN
SCHAEFFLER AG, HERZOGENAURACH
Schaeffler AG is issuing another senior secured bond in an amount of at least 200 million Euros. The bond will be issued in minimum denominations of 1,000 Euros and will be offered in a public offering to retail and institutional investors in Germany and Luxembourg and private placements in other countries in Europe. The bond will have a term of five years. The issue size and the terms will be finalised after completion of an investor roadshow.
The bond will be issued by Schaeffler Finance B.V. and will be guaranteed by Schaeffler AG and selected subsidiaries. Schaeffler has applied to admit the bond to trading on the regulated market of the Luxembourg Stock Exchange. Following the announcement of the final terms, it is intended that the bond will also be offered to employees of the Schaeffler Group in Germany.
The offering will be supported by Deutsche Bank, which is acting as global coordinator and managing bookrunner, and by Barclays, Bayerische Landesbank and Citi.
"With the issuance of a bond which is also being offered to private investors, we are tapping a new market segment. At the same time we are further optimizing our maturity profile", said the CFO of Schaeffler AG, Klaus Rosenfeld.
Domestic employees have the opportunity to subscribe the new bond during a separate, longer subscription period. Dr. Juergen M. Geissinger, CEO of Schaeffler AG, explained: "With this innovative offering, Schaeffler Group for the first time is providing its employees in Germany the opportunity to purchase a bond issued by their own company. This is unique in its kind in Germany."
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.