(SIX: SFZN) Due to strong demand, Siegfried Holding AG announces an increase of CHF 15 million to the subordinated public hybrid bond launched on 26 September 2016, bringing the new total outstanding amount to CHF 160 million.
As previously communicated, the proceeds are used for capital structure management purposes and repayment of existing bank loans.
The hybrid bond offers investors a coupon of 2.125% and is undated with an initial call date by Siegfried after five years.
UBS Investment Bank and Zürcher Kantonalbank acted as joint bookrunners on this transaction.
Chief Financial Officer
Tel. +41 62 746 11 35
Siegfried Holding AG
Untere Bruehlstrasse 4
Tel. +41 62 746 11 11
The Siegfried Group is active worldwide in the field of Life Sciences with production facilities located in Switzerland, the USA, Malta, China, Germany and France. Siegfried reported annual sales of CHF 481 million for 2015 and employs approximately 2300 employees at nine locations on three continents. Siegfried Holding AG is listed on the SIX Swiss Exchange (SIX: SFZN).
Siegfried is active in both the primary and secondary production of drugs. The company develops and manufactures active pharmaceutical ingredients for the research-based pharmaceutical industry as well as the corresponding intermediates and controlled substances, and provides development and production services for finished dosage forms including sterile filling.
Cautionary Statements Regarding Forward-Looking Statements
This press release may contain forward-looking statements based on current assumptions and forecasts made by Siegfried Group management and other information currently available to the Siegfried Group. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Siegfried Holding AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
The purpose of this document is to inform investors of Siegfried Holding AG and the public about the successful placement of the public hybrid bond. This document does not constitute an offer or a solicitation to exchange, buy or subscribe to securities in any jurisdiction, nor does it constitute an offering prospectus as defined by Art. 652a or Art. 1156 of the Swiss Code of Obligations or a listing prospectus as defined by the listing rules of the SIX Swiss Exchange.
This document is available in German and English. The German version is binding.