MUNICH: Mutares SE & Co. has decided today to consider an additional increase of the EUR 70 million bond issued in February 2020 with 4-year maturity by up to EUR 10 million.
The Bond had been originally issued in an amount of EUR 50 million with an optional tap issue of EUR 30 million.
In August 2020, the Bond had already been increased by EUR 20 million to EUR 70 million.
Pareto Securities has been mandated to arrange a series of meetings with interested investors.
The final decision on the tap issue of the bonds will be taken by Mutares subject to market conditions.
Mutares will inform the capital market and the public about the progress of the transaction in accordance with legal requirements.
Mutares SE & Co. KGaA is a German-based holding company that acquires medium-sized companies in turnaround situations and facilitates their restructuring needs. Since its establishment in 2008, Mutares has acquired more than 25 companies and carried out several divestments.