Ericsson successfully prices its debut US corporate bond
(firmenpresse) - STOCKHOLM, SWEDEN -- (Marketwire) -- 05/03/12 --
Ericsson (NASDAQ: ERIC) has successfully placed a US dollar denominated 1
billion
10-year bond with a fixed coupon rate of 4,125%. With this transaction,
Ericsson
marks its entry to the US bond market, the world's largest corporate bond
market, and takes advantage of strong current corporate credit market
conditions. The bond will extend Ericsson's average debt maturity profile
and
further diversify Ericsson's funding sources.
The proceeds will be used to refinance debt maturing in 2012-2014 and for
general corporate purposes.
The offer was made pursuant to the Company's shelf registration statement
filed
with the U.S. Securities and Exchange Commission, and a prospectus
supplement
thereto. The mandated joint lead managers for the transaction are Deutsche
Bank
Securities Inc. and J.P. Morgan Securities LLC.
Ericsson's Euro Medium Term Note Program (EMTN) will remain in place.
Ericsson has filed a registration statement (including a prospectus) with
the
U.S. Securities and Exchange Commission (the "SEC") for the offering of the
Notes. Before you invest, you should read the prospectus in that
registration
statement and other documents Ericsson has filed with the SEC for more
complete
information about Ericsson and the offering of the Notes. Copies of the
prospectus and prospectus supplement, and any other documents that Ericsson
has
filed with the SEC containing more complete information about Ericsson and
this
offering may be obtained, free of charge, by visiting Telefonaktiebolaget
LM
Ericsson on the SEC's Web site at , or by requesting copies from
Ericsson in writing at Investor Relations, SE-164 83 Stockholm, Sweden.
This press release is for informational purposes only and does not
constitute an
offer to sell or the solicitation of an offer to buy the notes or any other
securities and shall not constitute an offer, solicitation or sale of any
securities in any jurisdiction in which such offer, solicitation or sale
would
be unlawful.
Disclosure Regarding Forward-Looking Statements
Certain statements included herein are forward-looking statements. There
are
many factors that affect management's views about future events and trends
of
the business and operations of the company, as is more thoroughly described
in
the prospectus and related prospectus supplement and the company's filings
with
the Securities and Exchange Commission. Except as required by law, the
Company
specifically disclaims any obligation to update any factors or to publicly
announce the result of revisions to any of the forward-looking statements
included herein to reflect future events or developments.
Ericsson discloses the information provided herein pursuant to the
Securities
Markets Act and/or the Financial Instruments Trading Act. The information
was
submitted for publication on May 3, at 07:30 CET.
Ericsson successfully prices its debut US corporate bond:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1608279]
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:
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Unternehmensinformation / Kurzprofil:
Datum: 03.05.2012 - 05:41 Uhr
Sprache: Deutsch
News-ID 142096
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contact information:
Town:
STOCKHOLM, SWEDEN
Kategorie:
Telecommunication Equipment
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