In this section we provide you with up-to-date information on our bond. Aside the current bond price you will find all relevant information with regard to the bond’s listing on the stock exchange under "facts & figures". In addition you will find here the current ratings.
On April 24, 2017, SCHMOLZ + BICKENBACH issued a EUR 200 million corporate bond with a final maturity date of July 15, 2022. The proceeds of the offering were materially used to redeem on May 15, 2017 the outstanding portion of EUR 167.7 million of Notes due 2019 issued by its subsidiary SCHMOLZ + BICKENBACH Luxembourg S.A. The Senior Secured Notes were issued by our subsidiary SCHMOLZ + BICKENBACH Luxembourg Finance S.A. at 100% of the nominal value and with a coupon of 5.625% p.a. Interest is payable semi-annually on January 15 and July 15. The senior secured notes are listed on the Luxembourg Stock Exchange and traded on the Euro MTF market.
On June 25, 2018 SCHMOLZ + BICKENBACH increased this bond by EUR 150 million to EUR 350 million. Proceeds were primarily used to repay borrowings under the EUR 375 million syndicated revolving credit facility. This was mainly in connection with the acquisition of Ascometal. The issue was made at 101.5% with a corresponding effective interest rate of 5.2%.
On March 31, 2020, validly tendered bonds in the amount of EUR 328.753 million were repaid. The repayment was triggered by the change of control in connection with the capital increase on January 8, 2020.
Facts & Figures
|Issuer||SCHMOLZ + BICKENBACH|
LUXEMBOURG Finance S.A.(LUXEMBOURG)
|Listing||Luxembourg stock exchange|
|Kind of security||Fixed-interest notes|
|Current nominal volume||EUR 21.247 million|
|Issue date||EUR 200 million April 24, 2017|
|EUR 150 million June 25, 2018|
|Repayment triggered by change of control||EUR 328.753 million, March 31, 2020|
|Interest payment date||January 15 and July 15|
|Maturity||July 15, 2022|
|Rating agency||Rating||Outlook||Last review|
|Moody's||Caa1||negative||September 18, 2019|
|Standard & Poor's||CCC+||stable||January 16, 2020|