IT company Bechtle plans to issue convertible bonds worth 300 million euros. The corresponding bonds will be offered to institutional investors through an accelerated book-building process, the company announced. Existing shareholders will be excluded from their subscription rights. The net proceeds from the issuance will be used to finance further growth both domestically and internationally, as well as for general corporate purposes, including potential acquisitions.
The convertible bonds will be issued in denominations of 100,000 euros and repaid at 100 percent of their nominal value, as Bechtle also announced. The term is seven years and the interest rate is expected to be between 1.75 and 2.25 percent per year. The initial conversion price will be set at a conversion premium of 30 to 35 percent above the yet to be determined reference share price.
The company remains optimistic and plans further growth, both organically and through potential acquisitions. The convertible bonds offer investors an interesting opportunity to benefit from this growth potential. Prior to the issuance, Bechtle's stock rose temporarily by 0.19 percent to 43.18 euros in pre-market Tradegate trading.
Bechtle is a well-known name in the IT industry and has been experiencing continuous growth for years. The company is listed on various German stock indices and is now offering its investors the opportunity to share in this success. The convertible bonds are an attractive investment opportunity for institutional investors who are focused on long-term stability and growth. The targeted use of the proceeds from the issuance is also intended to ensure future growth.
The issuance of convertible bonds underscores the financial strength and investor confidence in Bechtle as a company. The focus on institutional investors and the accelerated bookbuilding process reflects strong demand and trust in the company and its future prospects.
Bechtle plans the convertible bonds with care and in line with its growth strategy. The company thereby once again demonstrates its ability to seize strategic opportunities and drive growth from its own resources. The issuance of the convertible bonds also highlights the attractiveness of the company and its growth prospects in the market.
Bechtle continues to be an important player in the IT industry and is able to ensure long-term growth thanks to solid strategies and targeted investments. The convertible bonds are an opportunity for investors to participate in this success and be part of a promising future.
