DEAG secures growth financing with successful bond issuance
HEUKING legally advised DEAG Deutsche Entertainment AG on the issuance of its new 2025/2029 corporate bond. The EUR 75 million bond was fully placed and significantly oversubscribed.
The new notes (ISIN NO0013639112) carry a fixed annual coupon of 7.75%. Strong demand from institutional and retail investors underscores capital-market confidence in DEAG’s growth strategy.
Net proceeds will be used to refinance the 2023/2026 bond, advance both organic and inorganic growth initiatives, and reduce minority interests in subsidiaries. Placement was executed via an exchange offer, a public offering through Deutsche Börse’s DirectPlace subscription functionality, and a private placement.
DEAG is a leading European provider of live entertainment and ticketing. With more than 6,000 events each year and an international network across seven countries, DEAG covers a broad spectrum from music to family and spoken-word events.
HEUKING advised DEAG comprehensively on all capital markets law and corporate law aspects of the transaction. The engagement was led by Partner Dr. Thorsten Kuthe, who has repeatedly advised on Nordic bond issuances by German issuers.
Counsel to DEAG Deutsche Entertainment AG
HEUKING:
Dr. Thorsten Kuthe (Lead),
Miriam Schäfer (Co-Lead),
Christopher Görtz,
Alexander Hübner, LL.M., (all Capital Markets), all Cologne
