On behalf of youmex Invest AG, acting as Lead Manager and Sole Bookrunner, Heuking Kühn Lüer Wojtek advised Beate Uhse Aktiengesellschaft on issuing the 2014/2019 corporate bond, including the drafting of the required securities prospectus. The corporate bond is for a total nominal value of up to EUR 30 million and is issued at an interest rate of 7.75 percent.
Proceeds from the issue are to be used for the financing of investments in the continued yield-strong growth of Beate Uhse group, in particular for investments in brand marketing, thus the further implementation of the brand relaunch, and for the repayment of bank loans.
On June 17, 2014, the prospectus was approved by the Luxemburg supervisory authority Commission de Surveillance du Secteur Financier (CSSF) and the Federal Financial Supervisory Authority (BaFin) was notified. For prospectus approval in Luxemburg, Heuking Kühn Lüer Wojtek collaborated with the Luxemburg-based law firm of MOLITOR Avocats à la Cour. The public offering starts on June 30, 2014 and, subject to a reduction of the offering period, will end by July 4, 2014. The bond is expected to be included in the Entry Standard trading segment for corporate bonds of Frankfurt Stock Exchange for the first time on July 9, 2014.
Counsel to Beate Uhse Aktiengesellschaft
Heuking Kühn Lüer Wojtek:
Dr. Mirko Sickinger, LL.M. (Lead),
Sven Radke, LL.M.,
Lena Pfeufer (all Capital Market Law).