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Air Berlin PLC

euro adhoc: Air Berlin PLC
Capital measures
Air Berlin PLC launches combined equity and convertible bond offering Approximately EUR250 million concurrent equity and equity-linked offering Approximately 5.9 million shares equity and EUR150 million (ba

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Capital increase
27.03.2007
London, 27 March - Air Berlin PLC today announced that it launched a 
combined equity and convertible bond issue to raise aggregate 
proceeds of approximately EUR250 million. Proceeds of the equity 
issue, consisting of approx. 5.9 million shares from a capital 
increase and EUR150 million proceeds from the convertible bond to be 
issued by a subsidiary of Air Berlin, will be used to finance a part 
of the acquisition consideration for LTU as well as refinancing of 
EUR 100 million of LTU’s debt and approximately EUR50 million of Air 
Berlin’s debt.
The equity offering will represent around 10% of capital and will be 
conducted as a private placement to institutional investors 
internationally, including a private placement to qualified 
institutional buyers in the U.S. in reliance on Rule 144A under the 
U.S. Securities Act of 1933. The new shares will be listed on the 
official market (prime standard) of the Frankfurt Stock Exchange. 
Commerzbank AG, Deutsche Bank AG and Morgan Stanley Bank AG are 
acting as Joint-Bookrunners on the equity placement. Settlement of 
the equity offering is expected on or about 4 April 2007.
The 20 year convertible bond will be offered to institutional 
investors internationally (excluding the US) with a coupon of 
1.50-2.00% and a premium of 32.0-37.0% over the equity placement 
price. Bondholders will be entitled to request an early redemption on
every 5th anniversary. The bond will be callable by the issuer after 
7 years, subject to a 150% trigger. Settlement of the bond issue is 
expected on or about 11 April, 2007.
The base convertible bond offering size is EUR150 million.  The size 
may be increased by up to EUR25 million (extension clause).  
Additionally, Air Berlin has granted the Joint-Bookrunners a 
greenshoe option of up to EUR25 million to cover over-allotments (if 
any) exercisable until the settlement date. The issue size may 
therefore increase to EUR200 million.
Air Berlin will act as the guarantor of the bond to be issued out its
wholly owned subsidiary, Air Berlin Finance BV, based in the 
Netherlands. Air Berlin intends to seek a listing of the bond on the 
Euro MTF segment of the Luxembourg Stock Exchange by 11 May 2007. 
Deutsche Bank AG and Morgan Stanley Bank AG are acting as 
Joint-Bookrunners and Commerzbank AG as Co-lead manager of the 
convertible bond placement.
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF 
AMERICA (OR TO US PERSONS), AUSTRALIA, CANADA OR JAPAN, OR IN ANY 
OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY 
APPLICABLE LAW
end of announcement                               euro adhoc 27.03.2007 21:30:35

Further inquiry note:

Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

Original-Content von: Air Berlin PLC, übermittelt durch news aktuell

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