Progroup AG
Progroup AG proposes an early redemption of a corporate bond
Progroup AG / Key word(s): Bond/Issue of Debt Ad hoc Announcement according to art. 17 MAR Landau/Pfalz, 13 March 2017 – Progroup AG proposes an early redemption of its corporate bond due 2022 with variable interest rate “EUR 150,000,000 Senior Secured Floating Rate Notes due 2022” (Luxembourg Stock Exchange, Regulation S ISIN: DE000A161GE9; Rule 144A ISIN: DE000A161GF6). In accordance with the applicable conditions of issue, the redemption is expected to be made in early May 2017 at the price of 100%. In part to fund the proposed early redemption of the “EUR 150,000,000 Senior Secured Floating Rate Notes due 2022” still outstanding in an amount of EUR 75,000,000, Progroup AG proposes to shortly launch the offering of a new corporate bond due 2024 with variable interest rate “EUR 150,000,000 Senior Secured Floating Rate Notes due 2024”. The proposed early redemption is subject to the successful completion of this new bond offering.
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13-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Progroup AG |
Horstring 12 | |
76829 Landau | |
Germany | |
Phone: | 06341 / 5576 – 0 |
E-mail: | info@progroup.ag |
Internet: | www.progroup.ag |
ISIN: | DE000A161GE9, DE000A161GC3, DE000A161GD1, DE000A169LZ7, DE000A161GF6 |
WKN: | A161GE |
Listed: | Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt |
End of Announcement | DGAP News Service |