EANS-News: freenet AG
freenet AG successfully places promissory notes
totalling 120 million euros
18.12.2012 – 19:54
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Büdelsdorf (euro adhoc) - freenet AG successfully places promissory notes totalling 120 million euros - freenet AG takes advantage of favourable market environment to further optimise its financing structure - Three tranches with 5- and 7-year maturities Büdelsdorf, 18 December 2012 - freenet AG has successfully placed a 120-million-euro promissory note in three tranches. The promissory notes, underwritten by Commerzbank Aktiengesellschaft, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale, were broadly marketed, mainly to German institutional investors. The long-term bonded loan is divided into a five-year fixed tranche of 44.5 million euros, a five-year variable tranche of 56 million euros and a seven-year fixed tranche of 19.5 million euros. The entire volume was subscribed at the lower end of the respective marketing range with a fixed coupon of 3.27% p.a. for the fixed 5-year tranche, a floating coupon of 2.82% p.a. for the first six months of the variable 5-year tranche and 4.14% p.a. for the fixed 7-year tranche. "By issuing the promissory note we have secured new outside capital at attractive terms, in order to further diversify our financing structure beyond the maturing of our corporate bond in April 2016," says Joachim Preisig, CFO of freenet AG. "We regard the great interest in our promissory notes as an evidence of investors' confidence in our improved creditworthiness and our cash flow strong business model." The company's other financial instruments consist of a corporate bond of 400 million euros that matures in 2016, a syndicated term loan of currently over 120 million euros maturing in March 2014 and semi-annual instalments totalling 40 million euros, and a revolving credit facility of 100 million euros maturing in March 2015. Further inquiry note: freenet AG Investor Relations Tel.: +49 (0)40 513 06-778 E-Mail: ir@freenet.ag end of announcement euro adhoc -------------------------------------------------------------------------------- company: freenet AG Hollerstraße 126 D-24782 Büdelsdorf phone: +49 (0)4331 691000 mail: ir@freenet.ag WWW: http://www.freenet-group.de sector: Telecommunications ISIN: DE000A0Z2ZZ5 indexes: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English