By Mary Katherine Stinson
Lexington, Ky., Jan. 19 – Mutares SE & Co. KGaA has placed a €100 million tap issue of its bonds due March 31, 2027, according to multiple notices.
Pareto Securities AS and Arctic Securities placed the notes with institutional investors as joint lead managers.
Mutares priced the original €100 million bond issue in March 2023 and a €50 million tap issue in May.
Proceeds from the tap issue are to be used mainly for general corporate purposes and portfolio growth, including further corporate acquisitions. Mutares plans 10 to 15 acquisitions this year, according to one of the notices.
The new bonds will be included on the Regulated Unofficial Market (Freiverkehr) of the Frankfurt Stock Exchange and the Nordic ABM of the Oslo Stock Exchange.
The Germany-based company invests in medium-sized companies in turnaround situations.
| Issuer: | Mutares SE & Co. KGaA
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| Amount: | €100 million add-on
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| Issue: | Bonds
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| Maturity: | March 31, 2027
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| Bookrunners: | Pareto Securities AS and Arctic Securities
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| Counsel to issuer: | Noerr
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| Communications adviser: | Cross Alliance
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| Announcement date: | Jan. 19
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| Total issue: | €250 million, including €100 million original issue in March 2023 and a €50 million tap issue in May 2023
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| Distribution: | Private placement
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| ISIN: | NO0012530965
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