DGAP-News: 3W Power Holdings / AEG Power Solutions : 3W Power Holdings S.A. to Issue up to EUR125 Million Unsubordinated Notes
(firmenpresse) - 3W Power Holdings / AEG Power Solutions / Key word(s): Issue of Debt/Issue of Debt
15.11.2010 14:30
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3W Power Holdings S.A. to Issue up to EUR125 Million Unsubordinated Notes
Luxembourg - November 15, 2010 - 3W Power Holdings S.A. (WKN A0Q5SX /
ISIN GG00B39QCR01) is issuing unsubordinated notes (WKN A1A29T / ISIN
DE000A1A29T7) due 2015 with an issue size of up to EUR125 million and a
coupon of 9.25% per annum. The notes will be issued at par and in a retail
investor-friendly denomination of EUR1,000. The subscription period is
planned from November 18 to November 24, 2010, subject to early termination
if the issue is oversubscribed.
Retail investors will have the opportunity to subscribe in EUR1,000 amounts
to the notes on the Bondm trading segment of the Stuttgart stock exchange
by directly giving their subscription order via their depositary bank.
After the subscription period ends, the notes will be listed and traded in
the Open Market of the Frankfurt stock exchange but also in the Stuttgart
stock exchange's Bondm segment (regulated unofficial market). The Notes are
expected to be issued as of December 1, 2010.
Institutional investors and asset managers can subscribe through Close
Brothers Seydler Bank AG, Frankfurt am Main, the Global Coordinator and
Sole Bookrunner, for the transaction. The notes are expected to start
trading on November 29, 2010.
The proceeds are to be used to secure long-term funding for AEG PS'
external growth strategy and business realignment as part of the 'Agenda
2012' project instituted by Dr. Horst J. Kayser, CEO.
3W Power Holdings S.A.
-- End of Announcement--
About 3W Power Holdings S.A.
3W Power Holdings S.A. is the holding company of AEG Power Solutions Group.
Shares and Warrants in the company are admitted to trading on NYSE
Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively).
Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker
symbol: 3W9).
AEG Power Solutions is a world-leading provider of premium power
electronics. It offers one of the world's most comprehensive product and
service portfolios in power conversion and control, for customers spanning
the infrastructure markets of energy, telecom, lighting, transportation and
general industrial sectors. System solutions from AEG PS are designed to
interface with the electrical power grid and to offer power solutions for
mission-critical applications in harsh environments, such as power plants,
offshore oil rigs, chemical refineries, and utility-scale renewable energy
plants. The company has developed a full range of products for the solar
energy industry, from solar inverters to turnkey solutions and is investing
in solutions that will enable distributed power generation and smart
micro-grids.
Renowned for engineering excellence, the company's customers benefit from
60 years of expertise and field-proven products under the AEG PS and Harmer&Simmons brands.
AEG PS generated revenue of EUR400 million in 2009 with more than 1,500
employees around the world. 3W Power Holdings, formerly Germany1
Acquisition Ltd., acquired AEG Power Solutions Group in 2009 to form the
combined entity.
Important Notice:
This communication does not constitute an offer to sell or a solicitation
of an offer to buy or subscribe for any securities of 3W Power Holdings
S.A. This communication and the information contained therein is not for
distribution, directly or indirectly, in or into the United States of
America, Canada, Australia or Japan.
The public offering of the notes will be made on the basis of a securities
prospectus which is yet to be approved by the Commission de Surveillance du
Secteur Financier (CSSF), Luxembourg, and which will be published one bank
working day prior to the offer at the latest. The prospectus will be
available for download on the website of the company
(www.aegps.com/de/investor), on the website of the Bourse de Luxemburg
(www.bourse.lu) and on the website of the Baden-Württembergische Börse
Stuttgart (www.boerse-stuttgart.de). This securities prospectus will be the
exclusive controlling document for purposes of the proposed offer and will
contain the information legally required to be provided to investors.
Printed copies of the prospectus will also be available from the company.
This communication contains forward-looking statements. Forward-looking
statements are all statements that do not refer to historical facts or
events, but contain wording such as 'believes', 'estimates', 'assumes',
'expects', 'anticipates', 'foresees', 'intends', 'hopes', 'could' or
similar expressions. These forward-looking statements are subject to risks
and uncertainties, as they relate to future events and are based on current
assumptions by 3W Power Holdings S.A, which may not occur at all in the
future or may not occur as assumed. They do not represent a guarantee for
future results or performance of 3W Power Holdings S.A and the actual
financial condition and results of operations of 3W Power Holdings S.A, as
well as the development of economic and legal conditions, may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power Holdings S.A.
3W Power Holdings S.A assumes no obligation to update or revise any
forward-looking statement contained herein or to adapt them to future
events or developments.
For more information:
Media Relations
Claire Pairault: Oliver Thompson
T: + 33 (0)6 19 60 91 64 Burson-Marsteller
M: + 33 (0)1 55 51 10 76 T: +49 (0)69 2 38 09 68
E: claire.pairault(at)aegps.com E: oliver.thompson(at)bm.com
Investor Relations
Jeffrey Casper Christian Hillermann
Hillermann Consulting
M: +31(0) 61 09 75 830 T: +49 (0)40 32 02 79 10
E: jeffrey.casper(at)aegps.com E: office(at)hillermann-consulting.de
15.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Datum: 15.11.2010 - 14:30 Uhr
Sprache: Deutsch
News-ID 32620
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Kategorie:
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