Press release
Anteuil, July 23, 2015
DELFINGEN Group Issues a 15-million Bond Debt.
DELFINGEN announces that it has issued a bond debt for an amount of 15 million Euros in the form of private placement without a public offering, within the meaning of articles L411-1 and L411-2 of the French Monetary and Financial Code. The issuance is in 2 tranches of 7.5 million Euros each, maturing respectively in 5 years (July 9, 2020) and 7 years (July 9, 2022).
"This issuance of bond completes the financing of the investment lines that have been implemented with the pool of French banking partners of the Group. This new longer-maturity financing strengthens DELFINGEN's investment capacity within the implementation of its strategic plan to reinforce its leadership in the field of automotive on-board networks protection solutions." says Christophe CLERC, Executive Vice President in charge of the Group's finance.
This private placement operation in the form of an unlisted bond loan was subscribed in full by Tikehau Investment Management on behalf of the fund NOVO 2. "DELFINGEN has seized the favorable market opportunities to reinforce its cash position and confirm its confidence in the growth prospects of the Group." comments Julia BRIDGER, Associate, Euroland Corporate.
Euroland Corporate served as financial advisor for this operation. The legal aspects were jointly managed by the DELFINGEN Legal Affairs teams and De Pardieu Brocas Maffei AARPI (serving as advisor for the investors).
DELFINGEN, a global automotive supplier and a leading manufacturer of on-board networks protection solutions and fluid transfer tubing.
NYSE Alternext Paris - ISIN code: FR 0000054132 - Mnemonic: ALDEL
Next press release: July 31, 2015 - 2015, 1st half-year net sales
Contact: Mr. Christophe CLERC: +33 (0)3.81.90.73.00 - www.delfingen.com
