Taking advantage of favorable market conditions
Not for release, publication or distribution in the United States of America, Canada, Japan or Australia, or in any other jurisdiction in which such distribution would be prohibited by applicable law.
Pfäffikon SZ, May 27, 2014 – OC Oerlikon Corporation AG, Pfäffikon ("Oerlikon") announces the successful placement of senior unsecured bonds of CHF 300 million due 2019 and of CHF 150 million due 2024 (the "Bonds"). Oerlikon takes advantage of favorable market conditions and thereby achieves a further extension of its debt maturity profile. The offering attracted broad investor demand. “We will use the proceeds of the bonds for general corporate purposes, supporting the execution of our long term growth strategy”, says Oerlikon CFO Jürg Fedier.
The coupons have been set at 1.25 % per annum for the Bonds due 2019 and 2.625 % per annum for the Bonds due 2024. The coupons are payable annually on June 17 with a first coupon payable on June 17, 2015.
Oerlikon will cause to file an application for the Bonds to be admitted for listing and trading on the SIX Swiss Exchange, with provisional trading expected to commence on or around June 13, 2014. Settlement date of the Bonds is expected on June 17, 2014.
Credit Suisse, Deutsche Bank and UBS acted as joint-lead managers and bookrunners. The Royal Bank of Scotland acted as joint-lead manager and Société Générale acted as co-lead manager.
Disclaimer
OC Oerlikon Corporation AG, Pfäffikon (together with its affiliates herein referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document and Oerlikon disclaims any liability whatsoever for the use of it.
This announcement does not constitute an offer to sell, a solicitation of an offer to buy any of the bonds described herein, or any kind of advice, nor shall there be any offer, solicitation or sale in any country or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any country or jurisdiction. This press release also does not constitute a prospectus as such term is understood pursuant to article 652a or article 1156 of the Swiss Federal Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange.
In particular, this announcement and the information contained herein are not for distribution in or into the United States of America and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or to publications with a general circulation in the United States or in any other country or jurisdiction where such circulation would be unlawful. The securities referred to herein have not been and will not be registered under the Securities Act or any state securities laws or in any other country or jurisdiction outside Switzerland and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
Within the United Kingdom, this announcement is directed only at persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The investment or investment activity to which this announcement relates is only available to and will only be engaged in with relevant persons and person who receive this announcement who are not relevant persons should not rely or act upon it.
The relevant information on the bonds and the issuer is only available in the final prospectus. The bonds are subject to the selling restrictions set out in the prospectus. Electronic copies of the prospectus can be requested by telephone (+41 44 239 4703), fax (+41 44 239 6914) or by e-mail (swiss-prospectus@ubs.com).
This announcement may include projections and other "forward-looking" statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of Oerlikon about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
