Amsterdam, 28 August 2017 – Metalcorp Group is a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe’s leading independent producers of secondary aluminium slabs. Its core competence in all segments are so-called back-to-back transactions requiring no stock-keeping, which make the Group’s operations largely immune to price risks and neutralise other trading risks. With its subsidiaries and own offices the Group operates in 18 countries around the world and has four production facilities in Europe. The company stands out through:
- an attractive performance of its two existing bonds on the capital market
- stable earnings growth as a mid-market service provider with global reach
- stable operating margin due to back-to-back transactions and insurance cover
- long-term business relationships to local producers and key accounts
For the partial, already secured repayment of the 2013/2018 notes (ISIN: DE000A1HLTD2) as well as long-term expansion of its business activities, Metalcorp Group B.V. will issue a new bond (ISIN: DE000A19MDV0) with an issue amount of up to EUR 50 million, carrying a coupon of 7% p.a. over a term of five years.
As already announced, the offer comprises an exchange offer as well as a public offer and a private placement. Under the exchange offer, holders of the 2013/2018 notes can exchange their notes 1 to 1 for the offered new 2017/2022 notes from 30 August 2017 to 22 September 2017 (the right to early closing is reserved). In addition, they will receive an exchange premium in the amount of EUR 25 per exchanged 2013/2018 note as well as the accrued interest.
The public offer will be exclusively made by Metalcorp Group B.V. in Germany, Luxembourg and the Netherlands from 11 to 28 September 2017 (the right to early closing is reserved). Orders can be placed via the “DirectPlace” subscription functionality of the Frankfurt Stock Exchange. During the same period of time, the BankM – representative office of FinTech Group Bank AG will additionally accompany the private placement with qualified investors in Germany and certain other European countries.
The 2017/2022 notes are to be traded on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange as of 2 October 2017.
The securities prospectus is available for download in the “Bond” section of the website of Metalcorp Group B.V. (www.metalcorpgroup.com) as of today.