DGAP-News: All for One Steeb AG: Promissory Note Successfully Placed
(firmenpresse) - DGAP-News: All for One Steeb AG / Key word(s): Corporate Action
All for One Steeb AG: Promissory Note Successfully Placed
30.04.2013 / 16:59
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All for One Steeb AG - Promissory Note Successfully Placed
Strong demand / Volume of EUR 35 million / Syndicated loan in the amount of
EUR 29 million to be fully repaid / Broader framework for additional growth
/ Assures favourable long-term conditions for funding the company
Filderstadt, 30 April 2013 - All for One Steeb AG has issued a promissory
note for the first time in order to improve its financing structure and
broaden the framework for additional growth. The debut of this funding
instrument allows this leading SAP full-service provider in the
German-speaking midmarket segment to benefit not only from the favourable
market environment, but from the enhanced interest on the part of new
institutional investors, whose attention was drawn to the company in the
course of its successfully completed integration of Steeb Anwendungssysteme
GmbH.
The placement, which was advised and helped launched by the Commerzbank
Aktiengesellschaft, Frankfurt, and the Landesbank Baden-Württemberg,
Stuttgart, was significantly oversubscribed, which is why the initially
planned total volume of EUR 30 million was increased to EUR 35 million. The
allocation process considered a broad base of regionally operating
savings-and-loan banks (Sparkassen), mutual savings banks
(Genossenschaftsbanken), as well as individual foundations, insurance
companies and pension funds. A total of 23 investors from Germany and
Austria were included.
The promissory note is divided into three tranches, all of which were
allotted at the lower end of the price ranges. Around 2/3 of the volume is
at fixed interest rates and around 1/3 at floating interest rates. The
terms of these tranches are three, five and seven years. Predominantly
long-term tranches were allocated. The interest rates are currently between
2.6% and 4.3%.
All for One Steeb Chief Financial Officer Stefan Land:»With this
promissory note, we have secured ourselves favourable conditions for our
corporate financing over the long term. The strong demand on the part of
new institutional investors underscores just how attractive our business
model is. The syndicated loan in the amount of EUR 29 million, which we
took out in late 2011 in conjunction with the Steeb acquisition, will be
fully repaid. Furthermore, this promissory note gives us greater
flexibility to drive additional organic growth and acquisitions«.
About All for One Steeb AG
All for One Steeb AG ranks as one of the leading SAP full-service providers
for small and medium enterprises in German-speaking countries. The SAP Gold
Partner's portfolio comprises end-to-end solutions along the whole of the
IT value chain - from SAP industry solutions to outsourcing services and
application management. As a one-stop-shop for all SAP-related services,
All for One Steeb is a reliable general contractor for small and mid-sized
enterprises. With around 800 employees, it serves over 2,000 clients among
machinery and equipment manufacturers, automotive suppliers, consumer goods
industry, technical wholesalers and project and engineering service
providers. As a founding member of United VARs, the global network of
leading SAP partners for small and mid-sized enterprises, All for One Steeb
guarantees a comprehensive consulting and service portfolio as well as the
best local support in more than 56 countries. All for One Steeb ranks among
Germany's best employers (Great Place to Work 2010) and the best IT
consultants for the German midmarket (TOP CONSULTANT 2012/13).
In the financial year 2011/12, All for One Steeb AG achieved a turnover of
EUR 153 million. The company is listed in the Prime Standard segment of the
Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000).
www.all-for-one.com/english
For the Editorial Department
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www.all-for-one.com/press-photos
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http://www.all-for-one.com/en/press-center/single-view/article/starke-nach
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http://www.youtube.com/watch?v=s7XbSTZSR1w
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Contact:
All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag(at)all-for-one.com
End of Corporate News
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30.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: All for One Steeb AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Germany
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: dirk.sonntag(at)all-for-one.com
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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