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EPH Group AG plans to issue a further secured tourism corporate bond

Ad-Hoc | December 16, 2024

  • Coupon of 10% p.a., monthly interest payment

  • Volume up to EUR 50 million, term 7 years

  • Collateralization through pledge of shares in subsidiaries and associated companies

  • Exchange offer to bondholders of the EPH bond 2023-2030 (ISIN: DE000A3LJCB4)

Vienna, December 16, 2024 - EPH Group AG (Issuer) is seeking to issue a further tourism corporate bond with a volume of up to EUR 50 million, a term of seven years (2025-2032), an interest rate of 10% p.a. and a denomination of EUR 1,000 (the “Bonds 2025/2032”). Interest will be paid to investors monthly, for the first time on March 1, 2025. The 2025/2032 Notes are to be secured by the pledge of shares in subsidiaries and affiliates of the Issuer.

The public offering of the Notes 2025/2032 in Germany, Austria and Luxembourg is subject to the approval of the securities prospectus by the Luxembourg Securities and Markets Commission (CSSF) and the notification to the Federal Financial Supervisory Authority (BaFin) in Germany and the Austrian Financial Market Authority (FMA). The subscription period is scheduled to start on January 21, 2025.

In addition, the issuer is submitting an exchange offer to the holders of the 2023/2030 bonds (ISIN: DE000A3LJCB4), who can exchange 2023/2030 bonds for the new, secured 2025/2032 bonds at a ratio of 1:1 via their respective custodian bank. The exchange period is also scheduled to start on January 21, 2025.

The issuer intends to use the issue proceeds primarily for the further development of a diversified portfolio of high-yield hotels and resorts in the premium and luxury segment in Austria, Germany and other top European destinations. In particular, the further implementation of two existing projects and the acquisition of two new properties, all in Austria, are to be financed.

The planned value date of the bonds 2025/2032 is February 24, 2025.

It is intended to include the Bonds 2025/2032 in the Vienna MTF of the Vienna Stock Exchange, in the OTC market of the Stuttgart Stock Exchange and in the OTC market of the Frankfurt Stock Exchange in the Quotation Board trading segment.