Saarland-based Karlsberg Brauerei GmbH offers a new corporate bond, Karlsberg bond II, with a target volume of EUR 40 million. A team of business law firm Heuking Kühn Lüer Wojtek led by Cologne partners Ralf M. Schnaittacher and Dr. Thorsten Kuthe advised on the issue as transaction counsel.
The minimum issue volume for the Karlsberg bond II will be EUR 30 million. The funds are to be used for the early redemption of bond I issued in 2012. The new bond with a nominal value of EUR 1,000 will mature in five years. The annual fixed interest rate will be set after expiry of the offer period based on subscription orders received and will be published in a pricing notice. The subscription period will start on April 19, 2016 and is expected to end on April 21, 2016. The bond will be listed on Frankfurt Stock Exchange's Entry Standard for corporate bonds.
Karlsberg Brauerei GmbH, founded in 1878, is a successful, family-run medium-sized enterprise based in Homburg/Saar in the Saarland region. The brewery is represented in the classic beer segment with its brands Karl UrPils, NaturRadler, and Weizen. The company also offers brands in the segments of non-alcoholic beers and mixed beer drinks.
Counsel to Karlsberg Brauerei GmbH
Heuking Kühn Lüer Wojtek:
Ralf M. Schnaittacher
Dr. Thorsten Kuthe (both Lead)
Felicitas Boehm, LL.M. Taxation,
Christopher Görtz (all Capital Markets, Cologne),
Dr. Sebastian Stindt,
Stefan Westerheide, LL.M. oec (both Corporate, Cologne)
Kai Oliver Runkel (Food Law, Cologne)