Tecan issues CHF 250 million inaugural straight bond
21 Septiembre 2021 - 10:45AM
Tecan issues CHF 250 million inaugural straight bond
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA,
JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Ad hoc announcement pursuant to Article 53 of the SIX
Exchange Regulation Listing Rules
Männedorf, Switzerland – September 21,
2021 – Today, the Tecan Group (SIX Swiss Exchange: TECN)
successfully raised CHF 250 million debt through the issuance of a
fixed rate domestic straight bond. The bonds bear a 0.050% coupon
and have a duration of 4 years (final maturity October 6, 2025).
Settlement date of the bonds is October 6, 2021. The bonds will be
listed and traded on the SIX Swiss Exchange.
The net proceeds of the issue will partly refinance the USD 1.0
billion (CHF 920 million) acquisition of Paramit Corporation, a
leading OEM developer and manufacturer of medical devices and life
science instruments, that was announced on June 23, 2021 and
successfully closed on August 2, 2021.
The bonds were placed with institutional investors and private
banks in Switzerland under the joint lead management of Credit
Suisse and Zürcher Kantonalbank.
About TecanTecan (www.tecan.com) is a leading
global provider of laboratory instruments and solutions in
biopharmaceuticals, forensics and clinical diagnostics. The company
specializes in the development, production and distribution of
automation solutions for laboratories in the life sciences sector.
Its clients include pharmaceutical and biotechnology companies,
university research departments, forensic and diagnostic
laboratories. As an original equipment manufacturer (OEM), Tecan is
also a leader in developing and manufacturing OEM instruments and
components that are then distributed by partner companies. Founded
in Switzerland in 1980, the company has manufacturing, research and
development sites in both Europe and North America and maintains a
sales and service network in 52 countries. In 2020, Tecan generated
sales of CHF 731 million (USD 778 million; EUR 683 million).
Registered shares of Tecan Group are traded on the SIX Swiss
Exchange (TECN; ISIN CH0012100191).
For further information:
Tecan GroupMartin Braendle Senior Vice
President, Corporate Communications & IR Tel. +41 (0) 44 922 84
30 Fax +41 (0) 44 922 88 89 investor@tecan.comwww.tecan.com
Disclaimer
This press release and the information contained herein may not
be published, distributed or transmitted to the United States (USA)
Canada, Australia or Japan or any other jurisdiction into which the
same would be unlawful, or given or transmitted to US persons
(including legal entities) or to media with a general circulation
in the USA. This bond will not be publicly offered for sale outside
Switzerland. This media release does not constitute an offer to buy
or subscribe for securities; it is neither an issue prospectus
within the meaning of Article 35 FinSA nor a listing prospectus
within the meaning of the SIX Swiss Exchange Listing Rules.
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