Air Berlin issued bonds - 11.5% coupon, duration: 3 years
Volume of € 100 million plus € 50 million increase option
Air Berlin PLC intends a new loan with an initial amount of up to EUR 100 million to go, which up to EUR 50 million can be raised. The bond, divided into bonds with a nominal value of EUR 1,000, has a coupon of 11.5%. The Bonds will be issued at 100% of principal and, subject to early repayment, on 1 November 2014 to 100% of principal repaid. Subject to early termination of the subscription period runs for the loan of 26 October to 28 October 2011. The issue of the bond is expected to be the first November 2011. The Air Berlin intends to seek inclusion of the Bonds to trading in the commercial segment Bondm the open market of the Stuttgart stock exchange in Stuttgart and in the Open Market (Regulated Unofficial Market) on the Frankfurt Stock Exchange and listing on the Main Securities Market of the Irish Stock Exchange to the issue. The bond receives the international securities identification number ISIN DE000AB100C2. The Air Berlin intends to use the net proceeds from the bond issue to refinance its existing debt. The quirin bank will accompany the issue of the Bonds as the lead manager. Following a successful placement of the 11.5% loan plans, the Air Berlin PLC, the creditors of 2007 issued by Air Berlin Finance BV 1.5% convertible notes (ISIN DE000A0NQ9H6 ) to invite to submit to the Air Berlin PLC, an offer to sell part of its outstanding bonds. The 1.5% convertible bonds due 2027 were originally issued at a volume of EUR 220 million, of which another outstanding aggregate principal amount of EUR 136 million. The request shall be subject to customary conditions and exclusion of the receipt of the proceeds from the issuance of new bonds 11.5%. The offer price for a debenture with a nominal value of EUR 100,000 shall be EUR 99 000 plus outstanding interest. The Morgan Stanley Bank AG was commissioned to accompany the process as the sole Dealer Manager and the Tender Agent. In connection with the foregoing transactions, the Air Berlin PLC, the preliminary financial results for its third quarter 2011: Net sales of Air Berlin PLC rose Q3 2010/Q3 2011 quarter compared to EUR 1241.2 million, up 10.8% to EUR 1375.5 million, EBITDAR decreased from EUR 336.4 million to EUR 269.3 million in the third quarter of 2011. The operating result (EBIT) fell by EUR 171.7 million to EUR 96.8 million, which were in the previous year EUR 26.8 million positive non-recurring income recorded. The reason for the deviation lies in particular in the first Introduced in January 2011 air traffic control and the sustained high oil prices. The operating expenses of EUR 1095.8 million, he creased as a result of cost increases in the quarter compared to 16.8% to EUR 1280.3 million of the transaction:
Subscription period: Presumably 26th to 28 October 2011
issue of implementation: 1 November 2011
Volume: Up to € 100 million (subject to increase up to a further 50 million €)
Issue price: 100%
maturity: 1 November 2014
Coupon: 11.5%
interest payment: Quarterly interest subsequently
Denomination: EUR 1,000 per debenture
Redemption: at par (face value of the bond)
Symbol: AB100C
ISIN: DE000AB100C2
MORTACCI LORO
