KION Group announces launch of senior notes offering
(Thomson Reuters ONE) -
KION GROUP GmbH /
KION Group announces launch of senior notes offering
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Wiesbaden, 1 April 2011 - The KION Group, one of the two leading global
manufacturers of forklift trucks and warehouse equipment, announces today that
it intends to launch an issue of senior secured notes. Net proceeds would be
used to refinance the KION Group's existing first lien loan indebtedness. The
offering is expected to commence next week.
Harald Pinger, the CFO of KION Group said: "Based on the significant improvement
of our business in 2010 and continued strong momentum in 2011 we seek to take
advantage of the favourable capital markets environment to extend the KION
Group's debt maturity profile and diversify our investor base. With the planned
issue of senior secured notes we intend to establish an issuance platform in the
European high yield market."
DISCLAIMER
Neither this announcement, the publication in which it is contained nor any copy
of it may be taken, transmitted or distributed, directly or indirectly, in or
into the United States of America (including its territories or possessions, any
state of the United States of America and the District of Columbia) ("the United
States"). Neither this announcement, the publication in which it is contained
nor any copy of it may be taken, transmitted or distributed, directly or
indirectly, in or into Australia, Canada or Japan or to any persons in any of
those jurisdictions or any other excluded territories. Any failure to comply
with this restriction may constitute a violation of United States, Australian,
Canadian or Japanese securities law. The distribution of this document in other
jurisdictions may be restricted by law and persons into whose possession this
document comes should inform themselves about, and observe, any such
restrictions.
This announcement does not constitute or form part of any offer or invitation to
sell, or any solicitation of any offer to purchase Notes or any other securities
nor shall it (or any part of it) or the fact of its distribution, form the basis
of, or be relied on in connection with, any contract therefore. The offering and
the distribution of this announcement and other information in connection with
the offering in certain jurisdictions may be restricted by law and persons into
whose possession any document or other information referred to herein comes
should inform themselves about, and observe, any such restrictions. Any failure
to comply with these restrictions may constitute a violation of the securities
laws of any such jurisdiction.
In particular, this announcement does not constitute an offer for sale of, or a
solicitation to purchase or subscribe for, any securities in the United States,
Australia, Canada, Japan, Hong Kong or in any jurisdiction to whom or in which
such offer or solicitation is unlawful. No securities of the KION Group have
been, or will be, registered under the US Securities Act of 1933, as amended
(the "Securities Act"), and securities of the KION Group may not be offered or
sold in the United States absent registration or an applicable exemption from,
or transaction not subject to, the registration requirements of the Securities
Act. No securities of the KION Group have been, or will be, registered under
the securities laws of Australia, Canada, Japan or Hong Kong. Subject to certain
exceptions, no securities of the KION Group may be offered or sold in Australia,
Canada, Japan or Hong Kong or to, or for the account or benefit of, any
national, resident or citizen of Australia, Canada, Japan or Hong Kong. The KION
Group does not intend to conduct a public offer of the Notes in the United
States, Australia, Canada, or Japan or Hong Kong.
This announcement does not constitute a recommendation concerning the offering.
Acquiring securities to which this announcement relates may expose an investor
to a significant risk of losing all of the amount invested. The price and value
of securities can go down as well as up. Past performance is not a guide to
future performance. Information in this announcement or any of the documents
relating to the Offer cannot be relied upon as a guide to future performance.
Potential investors should consult a professional advisor as to the suitability
of the Offer for the entity concerned.
Each of Deutsche Bank AG, London Branch ("Deutsche Bank"), BNP Paribas ("BNP"),
Commerzbank Aktiengesellschaft ("Commerzbank"), Goldman Sachs International
("Goldman Sachs"), KKR Capital Markets Limited ("KCM") and UniCredit Bank AG
("UniCredit") is acting exclusively for the KION Group and no one else in
connection with the offering and will not regard any other person as their
client in relation to the offering and will not be responsible to anyone other
than the KION Group for providing the protections afforded to their respective
clients nor for giving advice in relation to the offering, the contents of this
announcement or any transaction, arrangement or other matter referred to herein.
In connection with the offering, each of Deutsche Bank, BNP, Commerzbank,
Goldman Sachs, KCM, UniCredit or any of their respective affiliates, acting as
investors for their own accounts, may purchase Notes and in that capacity may
retain, purchase, sell, offer to sell or otherwise deal for their own accounts
in such Shares and other securities of the KION Group or related investments in
connection with the offering or otherwise. Accordingly, references in the
Offering Circular, once published, to the Notes being issued, offered, acquired,
placed or otherwise dealt in should be read as including any issue or offer to,
acquisition, placing or dealing by, Deutsche Bank, BNP, Commerzbank, Goldman
Sachs, KCM, UniCredit or any of their respective affiliates acting as investors
for their own accounts. Deutsche Bank, BNP, Commerzbank, Goldman Sachs, KCM and
UniCredit do not intend to disclose the extent of any such investment or
transactions otherwise than in accordance with any legal or regulatory
obligations to do so. None of Deutsche Bank, BNP, Commerzbank, Goldman Sachs,
KCM, UniCredit or any of their affiliates or any of their respective directors,
officers, employees, advisers, agents or any other person accepts any
responsibility or liability whatsoever for, or makes any representation or
warranty, express or implied, as to the truth, accuracy, completeness or
fairness of the information or opinions in this announcement.
Certain figures contained in this document, including financial information,
have been subject to rounding adjustments.
The Company
The KION Group, with its Linde, STILL, Fenwick, OM and Baoli brands, is the
market leader in industrial trucks in Europe, the global number two in the
industry and the leading non-domestic supplier in China. In 2010, the KION Group
generated revenue of more than ?3.5 billion and employed around 20,000 people.
For further information please contact
Michael Hauger
Head of Communications and Investor Relations
Tel.: +49 (0)611.770-655
E-mail: michael.hauger(at)kiongroup.com
--- End of Message ---
KION GROUP GmbH
Abraham-Lincoln-Strasse 21 Wiesbaden Germany
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Source: KION GROUP GmbH via Thomson Reuters ONE
[HUG#1502705]
Unternehmensinformation / Kurzprofil:
Datum: 01.04.2011 - 14:48 Uhr
Sprache: Deutsch
News-ID 53082
Anzahl Zeichen: 8710
contact information:
Town:
Wiesbaden
Kategorie:
Business News
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