DGAP-News: MTU Aero Engines AG: repurchase of outstanding Convertible Bonds successful
DGAP-News: MTU Aero Engines AG
Not for release, publication or distribution, 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.
MTU Aero Engines AG: repurchase of outstanding Convertible Bonds successful
Munich, 11 September 2019: MTU Aero Engines AG ("MTU" or the "Company"), successfully repurchased outstanding senior, unsecured convertible bonds due 2023, ISIN DE000A2AAQB8, (the "Outstanding Convertible Bonds") in connection with the invitation to sell (the "Invitation to Sell") announced on 10 September 2019. At the close of the reverse bookbuilding process, the Company has agreed to purchase Outstanding Convertible Bonds representing EUR 275 million in aggregate principal amount (approximately 55% of the outstanding principal amount).
The purchase price per EUR 100,000 nominal amount will be EUR 203,500, adjusted based on the average of the daily volume-weighted average prices of the no-par value ordinary registered shares of the Company on XETRA on 11, 12 and 13 September 2019. In addition, the Company will pay interest accrued on the Outstanding Convertible Bonds from and including the immediately preceding interest payment date to but excluding the settlement date of the repurchase, which amounts to EUR 42.69 per Bond.
Following the completion of the repurchase, an aggregate nominal amount of EUR 225 million will be outstanding.
HSBC and UniCredit Bank AG acted as Joint Dealer Managers on the Invitation to Sell.
This notice and the Invitation to Sell has not and is not being made, directly or indirectly, in or into the United States by use of the mails or by any means or instrumentality (including, without limitation, e-mail, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or of any facility of a national securities exchange of the United States and the Invitation to Sell cannot be accepted by any such use, means, instrumentality or facility or from within the United States. This notice and the Invitation to Sell do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States.
In the United Kingdom, this release is only being distributed to and is only directed at (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (ii) high net worth entities falling within Article 49(2) of the Order and (iii) persons to whom it would otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this document relates are only available to, and will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this release or any of its contents.
11.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
|Company:||MTU Aero Engines AG|
|Dachauer Straße 665|
|Phone:||+49 (0)89 14 89-8473|
|Fax:||+49 (0)89 14 89-95292|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||871739|
|End of News||DGAP News Service|