Homann Holzwerkstoffe GmbH decides to issue a new corporate bond 2025/2032 and plans early refinancing of the 2021/2026 bond
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EQS-News: HOMANN HOLZWERKSTOFFE GmbH
/ Key word(s): Issue of Debt/Corporate Action
NEITHER FOR DIRECT OR INDIRECT DISTRIBUTION, PUBLICATION OR TRANSMISSION IN THE RESPECTIVE COUNTRIES. WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR OTHER COUNTRIES WHERE THE DISTRIBUTION OF THIS DOCUMENT IS ILLEGAL.. Homann Holzwerkstoffe GmbH decides to issue a new corporate bond 2025/2032 and plans early refinancing of the 2021/2026 bond
Munich, April 29, 2025 – Homann Holzwerkstoffe GmbH is issuing a new corporate bond 2025/2032 with a volume of up to EUR 120 million and plans to refinance its existing bond 2021/2026 ahead of schedule. The corresponding securities prospectus for the new bond was approved today by the Luxembourg financial market supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), and notified to the German Federal Financial Supervisory Authority (BaFin). The new bond under Norwegian law (ISIN: NO0013536169, WKN: A4DFTR; the “2025/2032 Bond”) has a term of seven years and offers a fixed annual interest rate of 6.5% to 7.5%. The final interest rate is expected to be determined after the end of the offer period on the basis of the subscription orders received and published in a price determination notice. With the new bond in Nordic Bond format, Homann Holzwerkstoffe plans to further expand its investor base abroad in line with its successful internationalization strategy. At the same time, the management is giving its long-standing existing investors the opportunity to continue participating in the successful business development through a voluntary exchange offer including an multiple purchase option. Homann Holzwerkstoffe is offering holders of the 2021/2026 bond (ISIN: DE000A3H2V19, WKN: A3H2V1) one note from the 2025/2032 bond with a nominal value of EUR 1,000.00, a cash settlement amount of EUR 20.00, and the accrued interest for each bond exchanged from the 2021/2026 bond. In addition, creditors participating in the public exchange offer may acquire additional bonds under a multiple purchase option. The voluntary exchange offer is scheduled to start on April 30, 2025, and run until May 15, 2025, at 6:00 p.m. The public offer in Luxembourg and Germany will be processed via the subscription functionality of Deutsche Börse. The subscription period is scheduled to start on May 9, 2025, and is expected to end on May 19, 2025, at 12:00 p.m. CEST (subject to early termination or extension of the offer period). The bonds will also be offered in Germany, Luxembourg, and certain other countries through a private placement. The bond is scheduled to be listed on the Frankfurt Stock Exchange (FSE) in the Quotation Board (Open Market) segment and, within six months of the issue date, on the Nordic ABM of the Oslo Stock Exchange. The issue is being managed by IKB Deutsche Industriebank AG and Pareto Securities AS, Frankfurt Branch, as joint lead managers. The purpose of the bond issue is to refinance the outstanding 2021/2026 corporate bond (ISIN: DE000A3H2V19) ahead of schedule and to invest in existing plants and for general corporate purposes. Continuing the success story on the capital market: Strong foundations of a family-owned company paired with successful international expansion Fritz Homann, Managing Partner of the Homann Holzwerkstoffe Group: “We can look back on a 13-year success story on the capital market and are now using the Nordic Bond format as a ‘next level’ issue to expand our investor base. What sets us apart is our value orientation and the strong foundation of a family-owned company in its fourth generation. We are clearly committed to Germany as a business location and take responsibility for sustainable development. At the same time, we are pursuing an ambitious international expansion strategy with the aim of strengthening our leading market position. The start of operations at our fourth plant in Lithuania was an important milestone, and the planned new plant in the US will significantly strengthen our international presence.” Homann Holzwerkstoffe has a robust credit profile, underpinned by strong earnings power and a steadily growing equity base. The company has achieved annual growth (CAGR) in adjusted operating EBITDA of around 11% over the past ten years and reported an EBITDA margin of 15.2% in fiscal year 2024. The balance sheet structure is solid with an equity ratio of over 33%, while significant operating cash flows are generated at the same time. In addition, the company has a strong track record in setting up new state-of-the-art production facilities and subsequently reducing debt in a timely manner. Homann Holzwerkstoffe also has a variable cost structure with moderate working capital requirements, which ensures the company's long-term stable earnings power. Invitation to investor webcast on Wednesday, April 30, at 2:00 p.m. (CEST) The company invites interested investors and members of the press to an online presentation by the management tomorrow, Wednesday, April 30, 2025. In the webcast, managing partner Fritz Homann and CFO Michael Albert will provide insight into the business model and strategy of the family-owned company as well as its successful business development in recent years. Following the presentation, the two managing directors will answer questions from participants. Key data for the investor webcast
The securities prospectus and further information are available on the company's website at www.homann-holzwerkstoffe.de/investor-relations/.
Homann Holzwerkstoffe GmbH, headquartered in Munich, is a leading manufacturer of thin, highly refined, medium-density and high-density wood fiberboards (MDF/HDF). With production facilities in Losheim am See, Germany, Karlino and Krosno/Oder, Poland, and at its new site near Vilnius, Lithuania, the company supplies the furniture, door, and coating industries worldwide, with a focus on European markets. The long-established family-owned company has been listed on the capital market since 2012 and is listed on the Frankfurt Stock Exchange with its 2021/2026 corporate bond (ISIN: DE000A3H2V19, WKN: A3H2V1). Sign up for our investor mailing list at: https://www.homann-holzwerkstoffe.de/investor-relations/ir-kontakt/
Key data on the Homann Holzwerkstoffe corporate bond 2025/2032
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Disclaimer: This publication is advertising. It does not constitute an offer to sell or a solicitation to buy or subscribe for securities in any jurisdiction, in particular in the United States of America. Any investment decision should be made solely on the basis of the securities prospectus approved by the Luxembourg Financial Sector Supervisory Authority (Commission de Surveillance du Secteur Financier – CSSF), which is available at https://www.homann-holzwerkstoffe.de/investor-relations. Approval by the CSSF should not be construed as an endorsement of the securities offered. Potential investors should read the prospectus before making an investment decision in order to fully understand the potential risks and opportunities associated with investing in the securities. This publication is not intended, directly or indirectly, for distribution or dissemination in the United States of America or within the United States of America (including its territories and possessions of a state or the District of Columbia) or to publications with a general distribution in the United States of America. The securities are not and will not be registered under the provisions of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be sold or offered for sale in the United States of America without prior registration under the provisions of the Securities Act, as amended, or without prior registration or pursuant to an exemption from registration. The issuer does not intend to register the offer of debt securities in whole or in part in the United States of America or to make a public offering in the United States of America. Outside Luxembourg and Germany, this publication is only directed at persons in member states of the EEA and is exclusively intended for persons in member states of the EEA who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (“qualified investors”). Furthermore, this publication is distributed in the United Kingdom only to those qualified investors and is intended only for those qualified investors who (i) have professional experience in investment matters within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) are high net worth entities within the meaning of Article 49(2)(a) to (d) of the Order, or (iii) are other persons to whom this publication may be lawfully communicated. This publication is not an offer to sell securities in Canada, Japan, Australia, or South Africa.
29.04.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | HOMANN HOLZWERKSTOFFE GmbH |
| Gustav-Freytag-Straße 12 | |
| 81925 München | |
| Germany | |
| Phone: | 089 99 88 69-0 |
| Fax: | 089 99 88 69-21 |
| E-mail: | ma@homanit.org |
| ISIN: | DE000A3H2V19 |
| WKN: | A3H2V1 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2126694 |
| End of News | EQS News Service |
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2126694 29.04.2025 CET/CEST
