KION GROUP GmbH : KION Finance S.A. successfully places Euro 650 million
senior secured notes
KION GROUP GmbH / KION Finance S.A. successfully places Euro 650 million
senior secured notes . Processed and transmitted by Thomson Reuters ONE. The
issuer is solely responsible for the content of this announcement.
NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
Luxembourg, 06 February 2013 - KION Finance S.A. has successfully placed
senior secured notes with a total principal value of Euro 650 million. KION
Finance S.A. will on-lend the net proceeds to companies of the KION Group,
guaranteed by KION Group GmbH and certain subsidiaries of KION Group GmbH, in
order to refinance KION Group's existing first lien loan indebtedness with
maturity in 2014 and partially in 2015. The bond issuance partially extends
the Group's debt maturity profile into 2020 and diversifies its investor base.
The transaction is expected to close on 14 February 2013.
The senior secured notes due 2020 comprise a fixed rate tranche of Euro 450
million and a floating rate tranche of Euro 200 million. The fixed rate notes
were issued at par with a coupon of 6.75%, the floating rate notes were issued
at 99.5 and will pay a coupon of 3 month EURIBOR plus 4.5%.
The KION Group - comprising the six brands Linde, STILL, Fenwick, OM STILL,
Baoli and Voltas - is Europe's market leader in industrial trucks, the global
number two in the industry and the leading international supplier in China.
The Linde and STILL brands serve the premium segment worldwide. Fenwick is the
largest supplier of material handling products in France, while OM STILL is a
market leader in Italy. The Baoli brand focuses on the economy segment, and
Voltas is one of the two market leaders in India. The KION Group employed more
than 22,000 people and generated revenue between Euro 4.65 and 4.75 billion in
2012 according to first estimates based on initial management reporting.
Neither this announcement, the publication in which it is contained nor any
copy of it may be taken, transmitted or distributed, directly or indirectly,
in or into the United States of America (including its territories or
possessions, any state of the United States of America and the District of
Columbia) ("the United States"). Neither this announcement, the publication in
which it is contained nor any copy of it may be taken, transmitted or
distributed, directly or indirectly, in or into Australia, Canada or Japan or
to any persons in any of those jurisdictions or any other excluded
territories. Any failure to comply with this restriction may constitute a
violation of United States, Australian, Canadian or Japanese securities law.
The distribution of this document in other jurisdictions may be restricted by
law and persons into whose possession this document comes should inform
themselves about, and observe, any such restrictions.
This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase notes or any other
securities nor shall it (or any part of it) or the fact of its distribution,
form the basis of, or be relied on in connection with, any contract therefore.
The offering and the distribution of this announcement and other information
in connection with the offering in certain jurisdictions may be restricted by
law and persons into whose possession any document or other information
referred to herein comes should inform themselves about, and observe, any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
In particular, this announcement does not constitute an offer for sale of, or
a solicitation to purchase or subscribe for, any securities in the United
States, Australia, Canada, Japan, Hong Kong or in any jurisdiction to whom or
in which such offer or solicitation is unlawful. Securities issued by KION
Group (including KION Finance S.A.) have not been and will not be registered
under the US Securities Act of 1933, as amended (the "Securities Act").
Securities issued by companies of the KION Group (including KION Finance S.A.)
may not be offered or sold in the United States absent registration or an
applicable exemption from, or transaction not subject to, the registration
requirements of the Securities Act. No securities of companies of the KION
Group (including KION Finance S.A.) have been, or will be, registered under
the securities laws of Australia, Canada, Japan or Hong Kong. Subject to
certain exceptions, no securities of the KION Group may be offered or sold in
Australia, Canada, Japan or Hong Kong or to, or for the account or benefit of,
any national, resident or citizen of Australia, Canada, Japan or Hong Kong.
KION Finance S.A. does not intend to conduct a public offer of the Notes in
the United States, Australia, Canada, or Japan or Hong Kong.
This announcement does not constitute a recommendation concerning the
offering. Acquiring securities to which this announcement relates may expose
an investor to a significant risk of losing all of the amount invested. The
price and value of securities can go down as well as up. Past performance is
not a guide to future performance. Information in this announcement or any of
the documents relating to the offer cannot be relied upon as a guide to future
performance. Potential investors should consult a professional advisor as to
the suitability of the offer for the entity concerned.
Any liability (including in respect of direct, indirect or consequential loss
or damage) of any company or employee of the KION Group (including KION
Finance S.A.) with a view to the information contained in this press release
is expressly disclaimed. This press release does not purport to contain all of
the information that may be required to evaluate any proposed transaction, and
any recipient hereof should seek its own legal, accounting and other relevant
This document has been prepared on the basis that any offer of Notes in any
Member State of the European Economic Area ("EEA") which has implemented the
Prospectus Directive (2003/71/EC), as amended (each, a "Relevant Member
State") will be made pursuant to an exemption under the Prospectus Directive,
as implemented in that Relevant Member State, from the requirement to publish
a prospectus for offers of Notes. Accordingly any person making or intending
to make any offer in that Relevant Member State of Notes which are the subject
of the placement contemplated in this announcement may only do so in
circumstances in which no obligation arises for KION Group or any other person
to publish a prospectus pursuant to Article 3 of the Prospectus Directive or
supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in
each case, in relation to such offer. KION Group has not authorized, nor does
it authorize, the making of any offer of Notes in circumstances in which an
obligation arises for KION Group or any other person to publish or supplement
a prospectus for such offer.
This announcement is directed at and/or for distribution in the United Kingdom
only to (i) persons who have professional experience in matters relating to
investments falling within article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth
entities falling within article 49(2)(a) to (d) of the Order (all such persons
are referred to herein as "relevant persons"). This announcement is directed
only at relevant persons. Any person who is not a relevant person should not
act or rely on this announcement or any of its contents. Any investment or
investment activity to which this announcement relates is available only to
relevant persons and will be engaged in only with relevant persons.
This release contains forward-looking statements that are subject to various
risks and uncertainties. Future results could differ materially from those
described in these forward-looking statements due to certain factors, e.g.
changes in business, economic and competitive conditions, regulatory reforms,
results of clinical trials, foreign exchange rate fluctuations, uncertainties
in litigation or investigative proceedings, and the availability of financing.
KION Group does not undertake any responsibility to update the forward-looking
statements in this release.
For further information please contact
Head of Corporate Communications
Tel.: +49 (0) 611 770 655
Download Press Release [PDF 0.1 MB]
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: KION GROUP GmbH via Thomson Reuters ONE
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KION GROUP GmbH
Abraham-Lincoln-Strasse 21 Wiesbaden Germany
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