Ad hoc: Thiel Logistik plans the issue of a Corporate Bond
The Executive Board of Thiel Logistik AG plans to issue fixed-rate bonds in an aggregate amount of approximately € 130 million.
The bonds are expected to have a tenor of eight years. A roadshow to address international institutional investors will begin within the next few days. With the proceeds of the bonds, Thiel will be able to refinance most of its short-term indebtedness with long-term bond financing. This bond financing, together with Thiel's successful equity capital-raising of earlier this year, is intended to optimize Thiel's finance structure and increase its financial flexibility.
This announcement is not an offer of securities for sale in the United States or any other jurisdiction. The securities described herein will not be offered or sold in the United States except to qualified institutional buyers in reliance on Rule 144A under the US Securities Act of 1933.