Loyalty Partner GmbH
Loyalty Partner issues EUR 160 million 5-year senior secured notes
Loyalty Partner GmbH / Miscellaneous 18.05.2010 11:05 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Loyalty Partner issues EUR 160 million 5-year senior secured notes Loyalty Partner GmbH, a leading international provider of loyalty management solutions with revenues of EUR 209 million in fiscal year 2009, issues a corporate bond to institutional investors. The senior-secured notes represent Loyalty Partner's debut bond offering and will have a volume of EUR 160 million and a maturity of five years. The bonds will be listed on the Luxembourg Stock Exchange. Loyalty Partner will present the offering to selected international investors starting today. Loyalty Partner is expecting to receive issuer ratings of B2 and B and bond ratings of B3 and B from Moody's and Standard & Poor's, respectively. This offering provides investors with the opportunity to participate in the success of Loyalty Partner, the operator of Germany's and Poland's leading multi-partner loyalty schemes with an aggregate of 24.6 million active cards and 26 PAYBACK partners as well as over 260 online partners in Germany. According to Alexander Rittweger, founder and CEO of Loyalty Partner, the bond issuance represents 'an excellent opportunity to open the company for the international capital markets, provide access to long-term debt capital and further strengthen our capital structure. About Loyalty Partner Loyalty Partner GmbH, a leading international provider of loyalty management solutions, operates multi-partner loyalty schemes and provides performance marketing solutions to its partners through its PAYBACK business division. It also offers a range of loyalty-related solutions through its Analytics & Loyalty BPO business division. Headquartered in Munich, with currently more than 500 employees and operations in the UK, France, Spain and Poland, Loyalty Partner generated revenues of EUR 209 million in fiscal year 2009. The company's shareholders comprise Palamon Capital Partners, Alexander Rittweger (CEO and founder), Metro AG and Prof. Dr. h.c. Roland Berger. About Payback PAYBACK is the operator of the largest multi-partner loyalty schemes in Germany and in Poland with an aggregate of 24.6 million active cards. In Germany, with 19.6 million active cards, PAYBACK is the third-most carried card in German wallets after the EC payment card and the health insurance card. PAYBACK generates 350 million qualified direct marketing contacts per year and www.payback.de ranks among Germany's most popular websites with over 37 million visits in 2009. Legal Disclaimer This press release does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States. This press release is directed at and/or for distribution in the United Kingdom only to (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') or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as 'relevant persons'). This press release is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons. In connection with the issuance of the notes, the stabilizing manager (or any person acting on behalf of the stabilizing manager) may over-allot notes or effect transactions with a view to supporting the market price of the notes at a level higher than that which might otherwise prevail. However, there is no assurance that the stabilizing manager (or any person acting on behalf of the stabilizing manager) will undertake stabilization action. Any stabilization action may begin on or after the date on which adequate public disclosure of the terms of the offer of the notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the notes and 60 days after the date of the allotment of the notes. More information: Loyalty Partner GmbH Christine Beckenbauer Theresienhöhe 12 80339 München Telefon: 089 / 99741 405 christine.beckenbauer@loyaltypartner.com www.loyaltypartner.com 18.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Loyalty Partner GmbH Theresienhöhe 12 80339 München Deutschland Phone: +49 (0)89 99 741 0 Fax: +49 (0)89 99 741 10 E-mail: info@loyaltypartner.com Internet: www.loyaltypartner.com WKN: - End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found