TAG Immobilien AG announces EUR 110m increase in its 2013/2018 corporate bond
DGAP-News: TAG Immobilien AG / Key word(s): Bond10.02.2014 / 08:00---------------------------------------------------------------------Press releaseNot for distribution in the United States, Australia, Canada or Japan. TAG Immobilien AG announces EUR 110m increase in its 2013/2018 corporatebondHamburg, 10 February 2014 - The Management Board of TAG Immobilien AG('TAG' or 'the Company' in the following) announces that it has increasedthe WKN A1TNFU/ ISINXS0954227210 corporate bond issued in August 2013 byanother EUR 110 million through a private placement. The original volume ofthe bond, which matures in August 2018 and pays a coupon of 5.125% peryear, was EUR 200 million. The bond is traded in the Open Market, the EntryStandard of the Frankfurt Stock Exchange, with participation in the PrimeStandard for corporate bonds. The bond increase was issued at 103% of parvalue, which is about the current price of the bond.The proceeds from the bond increase will primarily be used to furtheroptimise the Company's capital and financing structure, and in particularto pay down higher interest-bearing bank loans without incurring prepaymentpenalties. The Board expects interest savings of a little over EUR 1million per year, starting as early as Q2 2014.Furthermore, the Company intends to use the net proceeds to finance TAG'scontinued growth and for other general business purposes.Close Brothers Seydler Bank AG, Frankfurt am Main, is the sole globalcoordinator and sole bookrunner for the transaction / placement.DisclaimerThis announcement is neither an offer to sell nor a call for offers topurchase securities of TAG Immobilien AG, and is no substitute for asecurities prospectus. All of the securities issued as part of the increasehave already been placed.The securities referred to in this announcement may only be sold or offeredfor sale in the United States of America or for the account or benefit ofU.S. persons by prior registration under the U.S. Securities Act of 1933,in its currently valid version (U.S. Securities Act) or only based on anexemption without prior registration.Except from certain exemptions, the securities referred to in thisannouncement may not be sold or offered for sale in Australia, Canada orJapan, or for the account of Australian, Canadian or Japanese residents.The securities referred to in this announcement will not be registered inaccordance with the U.S. Securities Act and/or the respective statutoryprovisions in Australia, Canada and Japan. There will be public offering ofthe securities in these countries. Press enquiries:TAG Immobilien AGHead of Investor & Public RelationsDominique MannTel. +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 390pr@tag-ag.comEnd of Corporate News---------------------------------------------------------------------10.02.2014 Dissemination of a Corporate News, transmitted by DGAP - acompany of EQS Group AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language: English Company: TAG Immobilien AG Steckelhörn 5 20457 Hamburg Germany Phone: 040 380 32 0 Fax: 040 380 32 390 E-mail: ir@tag-ag.com Internet: www.tag-ag.com ISIN: DE0008303504, XS0954227210 WKN: 830350, A1TNFU Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 251737 10.02.2014
