SNP AG Plans Further Growth: Debt Financing of EUR 30 Million Planned
SNP Schneider-Neureither & Partner AG / Key word(s): Financing
28.11.2016 13:31
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SNP | Insider Information Pursuant to Article 17 MAR
SNP AG Plans Further Growth: Debt Financing of EUR 30 Million Planned
- Early repayment of the EUR 10.0 million bearer partial bond
Heidelberg, November 28, 2016 - SNP Schneider-Neureither & Partner AG is
planning to acquire debt capital of up to EUR 30 million. The objective of
the refinancing measure is in part to finance additional growth of the SNP
Group. Another objective is the early redemption of the EUR 10.0 million
corporate bond issued in 2015 in accordance with the terms of the contract.
"Our very solid financial position and strong equity capital base enable us
to take on additional debt and use these funds to repay the corporate bond
at the earliest possible redemption date. We are reducing our refinancing
costs while also creating leeway for additional growth. In addition to the
latest capital increase, we are continuing with our conservative financing
strategy, which is designed to ensure liquidity and sustainability.
March 9, 2017 will be the first opportunity to redeem the partial bond,
which was issued in 2015 with a coupon of 6.25% and a term of five years
(ISIN DE000A14J6N4). SNP has decided to take advantage of this right of
repayment. SNP will formally notify investors in the German Federal Gazette
and on the company's website by the deadline stipulated by the terms of the
bond.
About SNP
SNP enables companies to successfully navigate the rapidly changing digital
environment and seize their opportunities on the market with a highly
flexible IT infrastructure. The solutions and software from SNP provide
support for M&A projects and carve outs, allow for the integration of
previously divergent IT landscapes and promote expansion into new markets
outside of the domestic space. With SNP Transformation Backbone(R), the
company offers the world's first standardized software for automatically
assessing and implementing changes to IT systems. This provides customers
with clear qualitative advantages while notably reducing the time and
expense involved in transformation projects.
SNP AG employs about 700 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue
of approximately EUR 56 million in 2015. Its customers include globally
operating corporations in the industrial, financial and service sectors.
SNP AG was founded in 1994 and has been publicly traded since 2000. As of
August 2014, the company is listed on the Prime Standard segment of the
Frankfurt Stock Exchange (ISIN DE0007203705).
Further information is available at www.snp-ag.com
Investor Relations Contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: investor.relations@snp-ag.com
http://www.snp-ag.com/de/Investor-Relations/
28.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: investor.relations@snp-ag.com
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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