Share Article
Cologne | Kirchseeon, 5 July 2023 - Since its debut on the capital market in 2013, HÖRMANN Industries GmbH has already issued three corporate bonds and established itself as a reliable capital market partner. The aim of the latest transaction was to refinance the third bond 2019/2024 with a volume of 50 million euros at an early stage and thus to secure room for manoeuvre for the further expansion of the growth fields. As a family business with over 60 years of history, the company attaches great importance to a stable and diversified financing structure.
IR.on's communication task was to highlight the issuer's positive operational performance - despite a challenging market environment in recent years. In addition to strategic communication, IR.on AG's consultants were responsible for the accompanying press work, the website, online and social media marketing as well as the dialogue with the financial press, bond media and private investors.
As a result, the offer of HÖRMANN Industries GmbH, consisting of an exchange offer for the holders of the bond 2019/2024 including an option to purchase additional bonds, a public offering in Luxembourg and Germany as well as a private placement in certain other countries, met with consistently high interest.
Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH:
“We would like to thank the investors for the trust they have placed in us and are very pleased about the great interest. The result strengthens our reputation as a reliable and established issuer and partner. In addition, we see our strategic decision confirmed once again to permanently anchor the capital market in our company as a financing component. With the 2023/2028 bond, we will continue to rely on a diversified financing structure in the future and will further develop our four successful business divisions in a targeted manner.”
In addition to IR.on, the issue was supported by Pareto Securities AS, Frankfurt Branch, as manager and bookrunner, and by Clifford Chance as legal advisor.
