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DocMorris/Zur Rose Group conducts tender offer for bonds due 2024
Chicago, May 15 – DocMorris AG (until recently known as Zur Rose Group AG) is conducting an any-and-all tender offer for its CHF 200 million outstanding 2.5% bonds due Nov. 21, 2024 (ISIN: CH0505011897), according to a press release.
The company is offering CHF 4,900 per bond, or 98, plus unpaid interest of CHF 65.97.
Interest has been calculated using an assumed settlement date of June 1.
The full purchase price with interest is CHF 4,965.97 per CHF 5,000 bond, or 99.32.
The tender offer started on May 12 and expires on May 26.
The settlement date, mentioned above, is expected to be June 1.
The purpose of the tender offer is for the company to proactively manage its balance sheets after it closed the sale of its Swiss business.
UBS is the tender agent and dealer manager.
DocMorris, based in Switzerland, is an online pharmacy with markets in Germany and other European countries.
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