Würth Group plans a bond
Künzelsau/’s-Hertogenbosch. The Würth Group uses the continuing attractive conditions on the capital markets to take up long-term funds: The fixed-interest bond offered since May 14, 2007 is issued by Würth Finance International B.V. and has an expected volume of EUR 300 million and a term of seven years. The lead-managers and book-runners are Landesbank Baden-Württemberg and Deutsche Bank. The bond is given a credit rating of “A/outlook stable” by the rating agencies Standard & Poor and FitchRatings. Since the year 2000, the Würth Group has been given this rating by both agencies.
The funds from the bond issue are earmarked for the redemption of a bond amounting to CHF 150 million that will be due on February 21, 2008 as well as for financing future growth.
The Würth Group expects the bond being subscribed for by institutional as well as private investors in Europe; this will above all be possible thanks to the denomination of EUR 1,000, which makes the investment of small amounts possible as well.
Robert Friedmann, Chairman of the Central Managing Board of the Würth Group: “In the past, we mainly appealed to private investors in Germany with capital market issues ranging between EUR 100 to 150 million. This time we intend to win also insurance companies, pension funds and other institutional investors in Europe for Würth bonds with the planned wide-scale transaction.”
On May 22 and 23, 2007 the Würth Group is going to introduce itself to interested investors in Stuttgart and London giving them an overview of the status of the company. Still in the very same week the book-builder procedure will be finished and the issuing price will be fixed.
Würth Finance International B.V. is the financial company of the Würth Group based in Amsterdam/the Netherlands.
The Würth Group with headquarters in Künzelsau/Germany is a global company. Its core business is the worldwide trade with assembly and connecting materials for customers from the fields of craft, construction and industry. In the business year 2006, the Würth Group achieved a sales volume of EUR 7.75 billion with its 379 companies in 83 countries and it increased the operating result before tax to almost EUR 515 million, marking an increase of 13.2 percent compared to the previous year (previous year: EUR 455 million).
The press information is neither an offer for sale nor a request to buy securities of the Würth Group. This press release as well as the information contained must neither be passed on to the United States of America (USA), nor be distributed within the USA, to US persons (including legal entities) or to publications publicly distributed in the USA. This press release does not constitute an offer or solicitation of an offer to buy securities in the USA. The securities of the Würth Group are not offered for sale in the USA.