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Ad-hoc

(Ad-hoc) Dürr calls bond issue from 2010

Dürr AG - ISIN DE000A1EWGX1 / WKN A1EWGX1

Bietigheim-Bissingen, August 18, 2014 – Dürr AG has opted in favor of early redemption of its bond issue worth € 225 million placed in the year 2010 (ISIN DE000A1EWGX1; WKN A1EWGX1). The redemption is effective as of September 28, 2014 in compliance with the periods of notice stipulated in the terms and conditions of the bond issue. The full amount of the bond issue will be repaid to the bondholders on that date at a price of 100.00%.

Dürr concluded an extensive refinancing project subject to improved terms and conditions as early as end-March 2014. It comprises a new corporate bond issue and a syndicated loan, each amounting to € 300 million. At an effective interest rate of 3.085%, the new bond issue is considerably more favorably priced than the legacy issue (7.173% in effective terms) going back to the year 2010, which would have matured on September 28, 2015.

 

Dürr AG
The executive board

End of disclosure