Subject to approval by the Supervisory Board, the redemption amount, with a nominal value of ? 250 million, is to be refinanced by issuing a new long-term bond. The precise termination date will be fixed in the coming months depending on conditions on the capital market for new bond issues. The Board of Management reserves the right to waive its intention to terminate the bond in the event of unfavorable capital market conditions.
This debt restructuring measure is intended to strengthen the company's capital structure on more favorable terms in the long term. The funds will serve to finance further expansion. In particular, the company plans to maintain a supply of liquidity enabling it to act flexibly to exploit growth opportunities.
distributed by |