DGAP-News: 3W Power Holdings / AEG Power Solutions : 3W Power Holdings Bond Successfully Placed
(firmenpresse) - 3W Power Holdings / AEG Power Solutions / Key word(s): Issue of Debt/Issue of Debt
24.11.2010 17:42
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3W Power Holdings Bond Successfully Placed
Luxembourg - November 24, 2010 - 3W Power Holdings S.A. (WKN A0Q5SX / ISIN
GG00B39QCR01) successfully placed its unsubordinated notes. The issue size
was fixed at EUR100 million in co-ordination with the Global Coordinator,
Close Brothers Seydler Bank AG. The bond has a coupon of 9.25% p.a. and is
due in December 2015.
The proceeds will be used to secure the 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.
Close Brothers Seydler Bank AG, Frankfurt am Main, acted as Global
Coordinator and Sole Bookrunner and placed the notes to pan-European
institutional investors and asset managers. Retail investors in Germany
subscribed via the Stuttgart Stock Exchange's Bondm segment.
CEO Dr Horst J. Kayser commented: 'We are pleased with the success of the
transaction. The capital raised enables AEG Power Solutions Group to pursue
its positioning on innovative power management solutions and its growth
strategy.'
Trading of the notes in the Bondm segment of Stuttgart stock exchange as
well as in the Open Market of the Frankfurt stock market is expected to
start on November 29, 2010.
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 are not for
distribution, directly or indirectly, in or into the United States of
America, Canada, Australia or Japan.
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
24.11.2010 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: 24.11.2010 - 17:42 Uhr
Sprache: Deutsch
News-ID 32717
Anzahl Zeichen: 0
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Kategorie:
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