Superior Industries Europe AG
UNIWHEELS Holding Germany GmbH: UNIWHEELS repays 5-year bond prematurely
UNIWHEELS Holding Germany GmbH / Key word(s): Bond/Financing 26.09.2014 16:25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- QUASI-ADHOC PRESS RELEASE UNIWHEELS repays 5-year bond prematurely Early repayment at 102% on 5th November 2014 New refinancing with significantly better terms Capital market still an option Bad Durkheim, 26th September 2014: Today UNIWHEELS Holding (Germany) GmbH, a leading European manufacturer of alloy wheels, decided on the early repayment of its bonds which were issued in April 2011 in the SME segment of the bond market in Stuttgart. The respective notice of termination will be announced in the Federal Gazette and published on the company's website within the next few days. On 5th November 2014 UNIWHEELS will repay the bondholders the total outstanding bond volume (EUR 44.5 million) at 102% of the nominal value plus the accrued interests. Only at the end of August Uniwheels revealed its significantly improved financial results for the first half of 2014 in sales volumes, revenues and earnings. Due to current significantly favorable conditions, the Company will in the future rely on a traditional bank financing with a newly formed consortium of five international banks from Germany, Austria and Poland. UNIWHEELS CEO Ralf Schmid: "The redemption of the bond will significantly reduce our financing costs, which will in turn further enhance our internal financing strength. However, based on our first, really positive experience with the bond issue, we will keep monitoring the capital market in order to expand and diversify our financing portfolio as necessary." Due to the consistently high levels of sales volume - even after this year's summer break - and due to the foreseeable strong utilisation of production facilities well into the next year, UNIWHEELS already plans to increase its production capacity further. The most likely step to achieve the additional capacities as quickly as possible would be an extension of the Polish production plant in Stalowa Wola. CONTACT: Harald Jacksties UNIWHEELS Holding (Germany) GmbH Phone: +49 6322 9899-6204 e-mail: jacksties@ch.uniwheels.com About us: UNIWHEELS Group is the leading manufacturer of alloy wheels in the European aftermarket (Accessory Division) and one of the world's largest wheel suppliers to the automotive industry (Automotive Division). UNIWHEELS Group also equips professional motorsport racing vehicle series with high-tech wheels. For more than 40 years, the company has been producing high-quality aluminium wheels mainly using the low-pressure casting technique. Further manufacturing techniques used are flow forming, Lightforming(R) (advanced pressure rolling) and forging for ultra-light high-tech wheels. With the global brands of ATS, RIAL, ALUTEC and ANZIO, UNIWHEELS possesses comprehensive knowledge in the accessories market and technical expertise as an original equipment manufacturer in the automotive industry. Furthermore, with its wide range of brands, the UNIWHEELS Group offers wheels for all target groups, from premium to economy. Highly efficient production locations in Poland and Germany, as well as the pooled technological expertise of the group, form a secure base for further development of the brands and growth of the UNIWHEELS Group associated with this. 26.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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