Head N.V. / HEAD NV and HTM Sport GmbH Announce the Increase in
Size of its New Bond From €45 Million to €60 Million. . Processed
and transmitted by Thomson Reuters ONE. The issuer is solely
responsible for the content of this announcement.
Amsterdam - 26th
September 2013 - Head NV (VSX: HEAD; U.S. OTC: HEDYY.PK), a leading
global manufacturer and marketer of sports equipment, and HTM Sport
GmbH (HTM), a subsidiary of Head NV, announce the increase in size
of its new bond from €45 Million to €60 Million based on additional
investor demand. An amount of €6.5 Million is held by HTM.
The bond will be issued in
Switzerland by HTM and guaranteed by Head NV.
The securities are Euro
denominated, carry a fixed coupon of 5.25% payable annually in
arrears in September, and have a term of 5 years with maturity on
September 26, 2018. Transaction settlement date is September 26,
2013.
The bond will be listed on the SIX
Swiss Exchange (SIX).
THIS INFORMATION IS NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED
STATES OF AMERICA (THE "UNITED STATES" OR "U.S") OR TO U.S. PERSONS
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
This media release does not constitute a
prospectus within the meaning of articles 652a or 1156 of the Swiss
Code of Obligations or a listing prospectus pursuant to the listing
rules of the SIX Swiss Exchange. This media release is for
information purposes only and does not constitute an offer or
invitation to subscribe for or purchase any bonds.
The publication of this media release as well as
the offer and the sale of the bonds may be restricted in certain
jurisdictions. Each potential investor domiciled in another
jurisdiction than Switzerland who takes notice of this media
release, must therefore make himself familiar about any
restrictions and consequences which might be applicable due to the
relevant law of such other jurisdiction.
About Head
HEAD NV is a leading global manufacturer and
marketer of premium sports equipment and apparel.
HEAD NV's ordinary shares are listed on the Vienna
Stock Exchange ("HEAD").
Our business is organized into
five divisions: Winter Sports, Racquet Sports, Diving, Sportswear
and Licensing. We sell products under the HEAD (alpine skis, ski
bindings, ski boots, snowboard and protection products, tennis,
racquetball, paddle and squash racquets, tennis balls and tennis
footwear, sportswear and swimming products), Penn (tennis balls and
racquetball balls), Tyrolia (ski bindings) and Mares (diving
equipment) brands.
For more information, please visit our website:
www.head.com
Analysts, investors, media and others seeking
financial and general information, please contact:
Clare Vincent, Investor Relations
Tel: +44 207 499 7800
Fax: +44 207 491 7725
E-mail: Investor-Relations@head.com
Gunter Hagspiel, Chief Financial Officer
Tel: +43 5574 608
Fax: +43 5574 608 130
E-mail: g.hagspiel@head.com
Forward-Looking
Statements
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate", "believe",
"could", "estimate", "expect", "intend", "may", "plan", "predict",
"project", "will" and similar terms and phrases, including
references to assumptions, as they relate to Head NV, its
management or third parties, identify forward-looking statements.
Forward-Looking statements include statements regarding Head NV's
business strategy, financial condition, results of operations, and
market data, as well as any other statements that are not
historical facts. These statements reflect beliefs of Head NV's
management as well as assumptions made by its management and
information currently available to Head NV. Although Head NV
believes that these beliefs and assumptions are reasonable, the
statements are subject to numerous factors, risks and uncertainties
that could cause actual outcomes and results to be materially
different from those projected. These Factors include, but are not
limited to, the following: global economic turmoil, weather and
other factors beyond our control, competitive pressures and trends
in the sporting goods industry, our ability to implement our
business strategy, our liquidity and capital expenditures, our
ability to obtain financing, our ability to compete, including
internationally, our ability to introduce new and innovative
products, legal proceedings and regulatory matters, our ability to
fund our future capital needs, and general economic conditions.
These factors, risks and uncertainties expressly qualify all
subsequent oral and written forward-looking statements attributable
to Head NV or persons acting on its behalf.
Head NV
Prins Bernhardplein 200,
1097 JB Amsterdam
Shares:
ISIN: NL0000238301
Stock Market: Official Market of the Vienna Stock Exchange
Bond Increase
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Head N.V. via Thomson Reuters ONE
HUG#1731363
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