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HÖRMANN Industries GmbH: New bond 2023/2028 successfully placed

• Target issue volume of EUR 50 million fully issued
• Bond 2023/2028 oversubscribed
• Interest rate set at 7.0% p. a.
• The early redemption of the 2019/2024 bond will be declared no later than 30 September 2023

Kirchseeon, 30 June 2023 – Technology specialist HÖRMANN Industries GmbH has successfully placed its new corporate bond (ISIN: NO0012938325, WKN: A351U9) with a total volume of EUR 50 million. The 2023/2028 bond was in high demand among institutional investors in Germany and abroad as well as private investors. The annual fixed interest rate was set at 7.0% during the bookbuilding process.

The offer of HÖRMANN Industries comprised the exchange as well as the option to purchase additional bonds for the holders of the existing bond 2019/2024 and the new subscription option. The exchange rate amounts to approximately 34% and will be served in the allotment with approximately 69%. Subscriptions pursuant to the multiple purchase option will be served with approximately 47%. All orders placed via the Frankfurt Stock Exchange were fully allocated up to a volume of EUR 5,000 each, for order volumes exceeding this up to a maximum volume of EUR 20,000 at 54%, rounded to whole bonds. The start of trading on the Open Market of the Frankfurt Stock Exchange (trading on terms of issue) is scheduled for 3 July 2023, the inclusion in the Nordic ABM of the Oslo Stock Exchange will take place within six months after the issue date. The issue and value date is 11 July 2023.

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.”

The net issue proceeds of the new bond after exchange will be used to refinance the outstanding pieces of the 2019/2024 bond, the early redemption of which will be declared no later than 30 September 2023.

Existing bondholders who have not accepted the exchange offer or whose bonds have not been fully exchanged for the new bond will be paid a redemption amount of 100.23% of the principal amount of their bonds plus accrued interest within 30 days of the declaration of early redemption.

The transaction was supported by Pareto Securities AS, Frankfurt Branch, as manager and bookrunner, Clifford Chance as legal advisor and IR.on AG as communications advisor.

About the HÖRMANN Group

The HÖRMANN Group has grown steadily since its formation in 1955. HÖRMANN Holding GmbH & Co. KG is the parent company of more than 30 subsidiaries operating in the Automotive, Communication, Intralogistics and Engineering segments with a high degree of entrepreneurial initiative and independence. The HÖRMANN Group aims to offer its customers specific solutions and services that provide clear benefits and economic advantages. To achieve this, the HÖRMANN Group harnesses all of the broadly diversified and connected knowledge of its workforce of around 2,950 highly qualified employees across a wide range of technology areas.

www.hoermann-gruppe.com

Contact:

HÖRMANN Industries GmbH
Hauptstr. 45-47
D-85614 Kirchseeon
T +49 8091 5630 0
F +49 8091 5630 195
info@hoermann-gruppe.com

Financial and business press:

IR.on AG
Frederic Hilke, Jonas Schneider
T +49 221 9140 97 18
hoermann@ir-on.com

DISCLAIMER

This announcement does not constitute an offer to purchase securities of HÖRMANN Industries GmbH and is not a substitute for a securities prospectus. An investment decision regarding the bonds of HÖRMANN Industries GmbH must be made exclusively on the basis of the prospectus approved by the Luxembourg securities supervisory authority (Commission de Surveillance du Secteur Financier – CSSF), notified to the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) and published on the company's website at https://www.hoermann-gruppe.com/en/investor-relations. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.