Versatel AG

euro adhoc: Versatel AG
Versatel AG plans to issue senior secured floating rate notes

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Ad hoc announcement to § 15 WpHG

Versatel plans to issue senior secured floating rate notes

Düsseldorf, June 8, 2007 - The management board of  Versatel  AG   decided,  with the approval of the supervisory board, to issue Euro 525 million of  senior secured floating rate notes due 2014 subject to market and other conditions.

The senior secured  floating  rate  notes  shall  be  offered  to   institutional investors outside the United States of America pursuant to Regulation S  of  the U.S.  Securities  Act  of  1933,  as   amended  (the  "Securities  Act")  and  to "qualified institutional buyers" in the United States  of  America  pursuant  to Rule 144A of the Securities Act. The road show for bringing the notes to  market shall start within the next few days.

The predominant portion of the proceeds from the offering of the notes shall  be used to refinance a bridge facility  which  was   entered  into  by  Versatel  on April 26, 2007 in connection with its initial public offering  for  purposes  of refinancing senior credit and second  lien  facilities  taken  out  in  2006  in connection with the financing of  the  Tropolys  acquisition.  Such  refinancing took place on May 2, 2007, together with a portion  of  the  proceeds from  the initial public offering of Versatel AG.

The Notes shall be listed on the Alternative  Securities  Market  of the  Irish stock exchange.

Legal note

This communication is not an offer of securities for sale in the United  States. No securities of the Company have been nor will be   registered  under  the  U.S. Securities Act of 1933, as amended (the "Securities  Act"),  and  no  securities may be offered, sold or   otherwise  transferred  in  the  United  States  absent registration or an exemption from registration under the Securities  Act.  There will be no public offering of securities in the United States.

This communication is directed only  at  persons  who  (i) are   outside  of  the United Kingdom or (ii) have  professional   experience  in  matters  relating  to investments or (iii) are persons falling within Article 49(2)(a) to  (d)  ("high net  worth   companies,  unincorporated  associations  etc")  of  The    Financial Services and  Markets  Act  2000  (Financial  Promotion)  Order 2005 (all  such persons together being referred to as "relevant   persons").  This  communication must not be acted on or relied on by persons who are not relevant  persons.  Any investment activity to which this communication relates  is  available  only  to relevant persons and will be engaged in only with relevant persons.

@@start.t2@@end of announcement                                                 euro adhoc 08.06.2007 08:32:38

ots Originaltext: Versatel AG
Im Internet recherchierbar:

Further inquiry note:
Susanne Tengler
Tel.: +49(0)211 52283556

Branche: Telecommunications Equipment
ISIN:      DE000A0M2ZK2
WKN:        AOM2ZK
Index:    TecDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard

Weitere Meldungen: Versatel AG

Das könnte Sie auch interessieren: