2013-09-02 09:06:02 -
Head N.V. /
HEAD NV and HTM Sport GmbH Announce the Issuance of a New €45 million Bond.
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Amsterdam - 2(nd) September 2013 - Head NV (VSX: HEAD; U.S. OTC: HEDYY.PK), a
leading global manufacturer and marketer of sports equipment, and HTM Sport GmbH
(HTM), a subsidiary of Head NV, announce the issuance of a new €45 million bond.
The bond will be issued in Switzerland by HTM and guaranteed by Head NV.
The securities are Euro denominated, carry a fixed coupon of 5.25% payable
annually in September, and have a term of
5 years with final maturity on
September 26, 2018. The issue price is 101% and the redemption price will be
100%. Transaction settlement date is September 26, 2013.
HTM will use the net proceeds of this bond for general corporate purposes.
An application will be made to list the bonds on the SIX Swiss Exchange (SIX).
THIS INFORMATION IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA (THE "UNITED STATES" OR
"U.S") OR TO U.S. PERSONS OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
This media release does not constitute a prospectus within the meaning of
articles 652a or 1156 of the Swiss Code of Obligations or a listing prospectus
pursuant to the listing rules of the SIX Swiss Exchange. This media release is
for information purposes only and does not constitute an offer or invitation to
subscribe for or purchase any bonds.
The publication of this media release as well as the offer and the sale of the
bonds may be restricted in certain jurisdictions. Each potential investor
domiciled in another jurisdiction than Switzerland who takes notice of this
media release, must therefore make himself familiar about any restrictions and
consequences which might be applicable due to the relevant law of such other
HEAD NV is a leading global manufacturer and marketer of premium sports
equipment and apparel.
HEAD NV's ordinary shares are listed on the Vienna Stock Exchange ("HEAD").
Our business is organized into five divisions: Winter Sports, Racquet Sports,
Diving, Sportswear and Licensing. We sell products under the HEAD (alpine skis,
ski bindings, ski boots, snowboard and protection products, tennis, racquetball,
paddle and squash racquets, tennis balls and tennis footwear, sportswear and
swimming products), Penn (tennis balls and racquetball balls), Tyrolia (ski
bindings) and Mares (diving equipment) brands.
For more information, please visit our website: www.head.com
Analysts, investors, media and others seeking financial and general information,
Clare Vincent, Investor Relations
Tel: +44 207 499 7800
Fax: +44 207 491 7725
Gunter Hagspiel, Chief Financial Officer
Tel: +43 5574 608
Fax: +43 5574 608 130
This press release includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. When used in this press
release, the words "anticipate", "believe", "could",
"intend", "may", "plan", "predict",
"project", "will" and similar terms and
phrases, including references to assumptions, as they relate to Head NV, its
management or third parties, identify forward-looking statements. Forward-
Looking statements include statements regarding Head NV's business strategy,
financial condition, results of operations, and market data, as well as any
other statements that are not historical facts. These statements reflect beliefs
of Head NV's management as well as assumptions made by its management and
information currently available to Head NV. Although Head NV believes that these
beliefs and assumptions are reasonable, the statements are subject to numerous
factors, risks and uncertainties that could cause actual outcomes and results to
be materially different from those projected. These Factors include, but are not
limited to, the following: global economic turmoil, weather and other factors
beyond our control, competitive pressures and trends in the sporting goods
industry, our ability to implement our business strategy, our liquidity and
capital expenditures, our ability to obtain financing, our ability to compete,
including internationally, our ability to introduce new and innovative products,
legal proceedings and regulatory matters, our ability to fund our future capital
needs, and general economic conditions. These factors, risks and uncertainties
expressly qualify all subsequent oral and written forward-looking statements
attributable to Head NV or persons acting on its behalf.
Prins Bernhardplein 200,
1097 JB Amsterdam
Stock Market: Official Market of the Vienna Stock Exchange
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Head N.V. via Thomson Reuters ONE