SNP AG issues borrower's note loan of EUR 40 million and calls in corporate bond

DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s): Financing/Bond

21.02.2017 / 15:31
The issuer is solely responsible for the content of this announcement.

SNP | Corporate News

SNP AG issues borrower's note loan of EUR 40 million and calls in corporate bond

Heidelberg, February 21, 2017 - SNP Schneider-Neureither & Partner AG today reached agreement with investors on the issue of a borrower's note loan with a total volume of EUR 40 million. The volume is spread across fixed and variable tranches in terms of three to seven years. The current average yield across all tranches amounts to 1.41% p.a. Due to the high level of investor interest and the favorable financing conditions, the original target volume was extended by EUR 10 million to EUR 40 million. The issue was arranged by IKB Deutsche Industriebank AG.

As of today, the bearer bond (ISIN: DE000A14J6N4 / WKN: A14J6N) was also called prior to maturity effective as of March 27, 2017. In accordance with the bond conditions, the notice of redemption will be published in the German Federal Gazette and on the company's website. The bond with total amount issued of EUR 10 million (total nominal amount of up to EUR 20 million) will be fully redeemed at a price of 103% plus interest accrued until March 27, 2017.


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 over 700 people across Europe, South Africa, Asia and the United States. Headquartered in Heidelberg, the company generated revenue based on preliminary figures of approximately EUR 80 million in 2016. 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

Investor Relations Contact:

Marcel Wiskow
Tel.:   +49 6221 6425-637
Fax:   +49 6221 6425-470

21.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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