Oerlikon successfully places senior unsecured bonds

29 May '14

1 min read

OC Oerlikon Corporation AG, Pfäffikon 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.

Oerlikon

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