IMMOEAST (IEA): IMMOEAST składa przyrzeczenie udzielenia gwarancji w związku z ofertą zamiany obligacji ze strony spółki IMMOFINANZ - raport 34

RAPORT UNI - PL nr 34/2009
Podstawa prawna:

Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bie¿šce i okresowe

IMMOEAST składa przyrzeczenie udzielenia gwarancji w związku z ofertą zamiany obligacji ze strony spółki IMMOFINANZ

IMMOEAST issues Promise of Guarantee in the Context of the Convertible Bond Exchange Offer by IMMOFINANZ

In the context of the exchange offer by IMMOFINANZ, IMMOEAST AG has issued a promise of guarantee to the holders of the convertible bonds who will be accepting the exchange offer by IMMOFINANZ AG announced today. This guarantee is collateralising claims under the new convertible bonds.

In the context of the exchange offer, IMMOFINANZ offers holders of the two outstanding convertible bonds due 2014 and 2017, respectively, to exchange five of their convertible bonds due 2014 or 2017 each for two new convertible bonds plus a cash bonus of EUR 5,000 for each existing convertible bond tendered. The strike price of the new convertible bond is set at EUR 2.00 per share.

As set forth in the ad hoc announcement issed by IMMOFINANZ AG, the outstanding nominal value of the convertible bonds of IMMOFINANZ would be reduced from EUR 1.5 bn to EUR 600 million, and the company’s equity would be increased by up to EUR 825 million, assuming full acceptance of the exchange offer.

IMMOEAST has decided to guarantee the redemption claim as well as the interest claims of the holders of the new convertible bonds up to the aggregate amount of EUR 600 million plus accrued interest and thus to create a considerable incentive for accepting the exchange offer.

This measure is justified by the business interests of IMMOEAST in the improvement of the net assets, the financial position and the operating results of its parent company IMMOFINANZ due to existing economic and legal interdependencies between IMMOFINANZ and IMMOEAST, and their subsidiaries, respectively. IMMOEAST and its subsidiaries have claims against IMMOFINANZ, the settlement of which is secured by an improvement of the economic situation of IMMOFINANZ. The success of the exchange offer also considerably contributes to the avoidance of an insolvency of IMMOFINANZ and resulting adverse effects on IMMOEAST. For its promise of guarantee IMMOEAST receives an adequate commission, at arm’s length conditions.
Edgar Rosenmayr - Członek Zarządu
Eduard Zehetner - Członek Zarządu