3W Power S.A. Invites Bondholders to Pro Rata Tender
LUXEMBOURG–(BUSINESS WIRE)– 3W Power S.A. (FWB:3W9K) (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, a global provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets, today, under the terms of the Company’s Bondholder agreement invites bondholders to a prorate tender for repurchase of notes.
All holders of its outstanding Notes 2014/2019 with ISIN DE000A1ZJZB9/ WKN A1ZJZB issued with a term to maturity ending on 29 August 2019 are invited to tender up to 9,900 Notes with a total principal amount of EUR 4,950,000.00 for repurchase at a price of 101% of the principal amount of a bearer bond. The terms of the tender offer invitation are available on the Company Website, at the Investor Relations contact of the Company and will also be published formally in the Bundesanzeiger, Luxemburger Wort as well as on the Luxembourg Stock Exchange.
Repurchase tender offers may be submitted by noteholders as from: 10 March 2016 0:00 a.m. until 07 April 2016 24:00 p.m. (Frankfurt am Main local time). The repurchase of notes will reduce the principal amount of the Company Bond (Senior Bond) from € 50 million to € 45 million and cut Company’s interest expense up to € 1.7 million through 2019. Jeffrey Casper, AEG PS CEO comments “We are reducing our debt and gaining momentum on building a successful business in our core markets of critical infrastructure. Current year start confirms the guidance we gave so far on 2016 business outlook and improved profitability.”
3W Power has appointed ODDO SEYDLER BANK AG to act as central settlement agent and carry out the technical implementation of the repurchase.
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About 3W Power/AEG Power Solutions:
3W Power S.A. (WKN A114Z9 / ISIN LU1072910919), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K).
For more information, visit www.aegps.com
This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.
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Contacts
For further information, please contact:
Christian Hillermann
Hillermann Consulting
Investor Relations for AEG Power Solutions
Phone: +49 40 320 279 10
Email: investors@aegps.com