12-11-2012 10:43 AM
News Detail – Hornbach Baumarkt AG

HORNBACH-Baumarkt-Aktiengesellschaft: Board of Management plans premature redemption of corporate bond

HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Bond/Corporate Action
12.11.2012 11:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Board of Management plans premature redemption of corporate bond
Bornheim, November 12, 2012. The Board of Management of Hornbach-Baumarkt-AG intends to prematurely redeem the corporate bond (ISIN: XS0205954778, WKN: A0C4RP), whose originally agreed term ran until November 15, 2014. Consistent with the contractually agreed termination options, from November 15, 2012 the redemption price amounts to 100.00%. The premature redemption must be announced in advance with a notice period of between 30 and 60 days.

Subject to approval by the Supervisory Board, the redemption amount, with a nominal value of EUR 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.

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Language:     English
Company: HORNBACH-Baumarkt-Aktiengesellschaft               Hornbachstraße
              76878 Bornheim bei Landau/Pfalz
Phone:        +49 (0)6348 / 60 00
Fax:          +49 (0)6348 / 60 40 00
E-mail:       info@hornbach.de
Internet:     www.hornbach.de
ISIN:         DE0006084403
WKN:          608440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
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