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Abonner Andritz AG

Andritz AG

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Andritz AG issues corporate bond - Issued size: EUR 200 million - Subscription period: 8 - 9 June, 2006 - Denomination: EUR 500.-- - Proceeds of the issue will be used to finance further growth - BA-CA and Erste Bank

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
29.05.2006
Graz, 29 May, 2006.  Andritz AG plans to issue a EUR 200 million
corporate bond with a tenor of 7 years and a fixed rate coupon in
June 2006.  Pricing of the bond is expected for 6 June 2006.  The
bond can be subscribed from 8 to 9 June, 2006.  Application for
listing on the Second Regulated Market (Geregelter Freiverkehr) of
the Vienna Stock Exchange will be made.  Bank Austria Creditanstalt
AG (BA-CA) and Erste Bank der oesterreichischen Sparkassen AG (Erste
Bank) will act as Joint Lead Managers for the transaction.
Successful business development of the Andritz Group Publicly traded
Andritz Group is - in its own opinion - one of the global market
leaders for high-tech production systems for the pulp and paper,
steel and other specialized industries (environment and process, feed
and biomass).  Andritz develops and produces high-tech systems at 30
production sites in Austria, Germany, Finland, Denmark, France, the
Netherlands, the USA, Canada, and China with approximately 6,000
employees worldwide.  In 2005, the Andritz Group achieved the best
financial results in its history.  During the First Quarter of 2006,
this favorable development continued.  Sales and Net Income of the
Group increased significantly compared to the reference period 2005.
Commenting on the satisfactory development of the Andritz Group since
the Initial Public Offering in 2001, Wolfgang Leitner, President and
CEO of Andritz, said: "Over the past few years, we have very
successfully expanded our business.  Our numerous acquisitions - the
most recent one being the hydropower business of VA TECH Hydro in the
spring of this year - have made us a full-line supplier in all of our
business areas and one of the market leaders in most of the sectors
that we serve.  In a very competitive and also dynamically growing
environment, we aim to further enhance our market position in all
business areas in the coming years".  Outlining the intended use of
the issue proceeds Leitner stated: "We will continue to focus our
growth strategy on organic growth and on the acquisition of companies
with complementary products and technologies".
In addition, Andritz plans to use a part of the issue proceeds to pay
back existing financial liabilities.
BA-CA and Erste Bank act as Joint Lead Managers The Joint Lead
Managers of the transaction, BA-CA and Erste Bank, are confident that
the transaction will be successfully placed.  Franz Hochstrasser,
Member of the Managing Board of Erste Bank, stated: "The Andritz
Group has established itself successfully on the Austrian financial
markets and its shares have become a constant in the portfolios of
Austrian and international investors.  Following the successful
inaugural bond issue of Andritz in 2002, we again expect high demand
both from institutional and retail investors for this fairly priced
transaction".  Willi Hemetsberger, Member of the Managing Board of
BA-CA, said: "The Andritz Group bonds provide a further positive
impulse for the domestic bond market.  We are very pleased to have
the opportunity to assist one of Austria’s leading companies - which
has an impressive investment story - with its return to the bond
market."
Key data of the offering
Issuer:               Andritz AG
Issued size:          EUR 200 million
Denomination:         EUR 500.--
Coupon:               % p.a.*) on the nominal value
Issue price:          Will be fixed shortly before the subscription period
Tenor:                7 years
Subscription period:  8 - 9 June, 2006 **)
Value date:           19 June, 2006
Redemption:           19 June, 2013
Paying agent:         Erste Bank der oesterreichischen Sparkassen AG
Listing:***)          Second Regulated Market (Geregelter Freiverkehr) of the
                      Vienna Stock Exchange
ISIN:                 AT0000A01633
~ *)   The final coupon will be fixed on 6 June 2006. **)  After the
subscription period, bonds can be purchased at any time at
market price.
***) Application for listing will be made.
Subscription will be accepted by all Austrian banks.
Disclaimer:
This document does not constitute an offer or a solicitation to buy bonds.
A prospectus according to the Austrian Capital Market Act was approved by the
Austrian Financial Market Authority and is available at the corporate
headquarters of Andritz AG Stattegger Strasse 18, A-8045 Graz, as issuer, at
Bank Austria Creditanstalt AG, Vordere Zollamtsstraße 13, 1030 Wien, and at
Erste Bank der oesterreichischen Sparkassen AG, Graben 21, 1010 Wien, during
ordinary business hours.  The announcement in accordance with Section 10 of the
Austrian Capital Market Act was made on 27 May 2006 in the official journal of
the Vienna gazette (Amtsblatt zur Wiener Zeitung).  In connection with the issue
of bonds by the issuer, only the information in the prospectus is binding.  The
information contained in this document is not binding.
Certain statements in this press release are "foward-looking statements".  Such
statements, which include words like "believes", "intends", "expects" and
wordswith similar meaning, reflect the opinions and expectations of the
management and are subject to risks and uncertainties, which may have a material
negative impact on actual results.  The reader should therefore not unduly rely
on such forward looking statement.  The company is not obliged to publish the
results of potential changes to the information contained herein, except to the
extent required by applicable laws.
end of announcement                               euro adhoc 29.05.2006 07:30:00

Further inquiry note:

Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

Plus de actualités: Andritz AG
Plus de actualités: Andritz AG