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20.07.2018 – 08:37

AT & S Austria Technologie und Systemtechnik Aktiengesellschaft

EANS-News: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft / Issue of a promissory note loan of ? 292.5 million successfully completed

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Financing

Leoben - Issue of a promissory note loan of EUR 292.5 million successfully
completed

* Increase in reserves for planned growth with a revenue target of EUR 1.5
  billion
* Securing favourable conditions for the long term at the current average
  interest rate of 1.18%
* Optimisation of the maturity profile and refinancing of promissory note loan
  issued in 2014
* Strong demand among international investors


AT&S successfully placed a promissory note loan with an aggregate volume of EUR
292.5 million, thus securing above all favourable conditions for the further
financing of the company in the long term. In view of the strong demand and the
resulting oversubscription, the initially targeted volume of at least EUR 150.00
million was significantly exceeded. The promissory loan note was issued in two
tranches (July and October 2018) with terms of five, seven and ten years,
carrying both fixed and variable interest rates; roughly 40% were placed with
terms of seven and ten years.

With the issue, AT&S can optimise the maturity profile of non-current
liabilities further and thus refinance the existing promissory note loan of the
year 2014 early. The issue serves the general financing of the company at very
favourable conditions and is a long-term component of the value-increasing mid-
term strategy "More than AT&S". With a clear focus on new interconnect solutions
by combining existing and new technologies, the aim is to generate revenue of
EUR 1.5 billion in the mid-term.

"We are pleased with the great interest in this transaction," said Monika
Stoisser-Göhring, CFO of AT&S AG. "The strong demand proves the investors'
confidence in the company. With this extremely favourable interest rate of
currently 1.18% on average, we can keep the financing costs significantly below
the target value of an average of 2% in the mid-term and use the proceeds from
this transaction for the ambitious projects as part of our growth strategy. This
is the largest promissory note loan AT&S has placed to date," Stoisser-Göhring
added.

Roughly 50 institutional investors participated in the promissory note loan. A
particularly positive aspect was the strong demand by foreign investors, who
accounted for roughly 60 percent of the total volume. The placement of the
promissory note loan was managed by BayernLB and Raiffeisen Bank International
AG.



Further inquiry note:
Gerda Königstorfer, Director Investor Relations & Communications / Press
Officer
Tel: +43 3842 200-5925; Mobile: +43 676 8955 5925; g.koenigstorfer@ats.net 
Fabriksgasse 13, 8700 Leoben/Austria


end of announcement                         euro adhoc
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issuer:       AT & S Austria Technologie und Systemtechnik Aktiengesellschaft
              Fabriksgasse  13
              A-8700 Leoben
phone:        03842 200-0
FAX:          
mail:      ir@ats.net
WWW:       www.ats.net
ISIN:         AT0000969985
indexes:      VÖNIX, WBI, ATX GP
stockmarkets: Wien
language:     English
 

Original content of: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft, transmitted by news aktuell

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