Ad hoc: PCF GmbH: Refinancing - Pricing and Allocation

Freitag, 07.04.2017 15:45

DGAP-Ad-hoc: PCF GmbH / Key word(s): Financing PCF GmbH: Refinancing - Pricing and Allocation 07-Apr-2017 / 15:43 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

PCF GmbH herewith informs, that the parent company Pfleiderer Grajewo S.A. has today published the following Current Report no. 18/2017: "Further to current report no. 17//2017, Pfleiderer Group S.A. (together with its subsidiary PCF GmbH, "Pfleiderer") announces that it has successfully priced and allocated a EUR350.0 million 7-year covenant-lite term loan B facility carrying an interest margin of 325bps (Euribor floor: 0.75%) and 99.0 OID. The new EUR100.0 million 5-year revolving credit facility will have an interest margin of 300bps (Euribor floor: 0%). The senior credit facilities agreement for the term loan B facility and the revolving credit facility (together, the "Facilities") is expected to be signed in due course.

The proceeds from the Facilities will be used to redeem the existing EUR321,684,000 7.875% senior secured notes issued by PCF GmbH (formerly Pfleiderer GmbH) ("Notes") in full, to refinance the existing senior secured revolving credit facility and to fund related transaction fees, redemption premium and expenses as well as for general corporate purposes and working capital requirements. Subject to the completion of the Facilities, Pfleiderer plans to redeem the Notes on or after August 1, 2017 at a redemption price of 101.969%.

This report was prepared pursuant to Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and on repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ EU L 173/1 dated June 12, 2014).

April 7, 2017"

07-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at

Language: English
Company: PCF GmbH
Ingolstädter Str. 51
92318 Neumarkt
Phone: 09181-28-0
Fax: 09181-28-482
ISIN: DE000A12T176, DE000A12T184
WKN: A12T17, A12T18
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt
End of Announcement DGAP News Service

563285  07-Apr-2017 CET/CEST