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4-Traders Homepage  >  Equities  >  Xetra  >  SGL Carbon SE    SGL   DE0007235301

Real-time Quote. Real-time Tradegate - 05/25 09:04:47 pm
9.828 EUR   +2.07%
05/09SGL CARBON SE : quaterly earnings release
03/31 SGL CARBON SE : Group closes production site in Griesheim
03/23 SGL CARBON SE : Group: Overall 2015 results impacted by non-recurrin..
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SGL Carbon's 1Q Sales Improve, Convertible Notes For Expansion

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04/18/2012 | 07:55am CEST

German carbon fiber maker SGL Carbon SE (>> SGL Carbon SE) said Wednesday first quarter sales improved and the group will issue convertible notes to fund the company's expansion in Portugal and China.

MAIN FACTS:

-First quarter earnings before interest and tax were unchanged from a year earlier, at EUR36 million.

-Sales during the period rose 5% on the year to EUR382 million.

-The company will issue around EUR240 million in convertible notes, with an option to increase the size of the issue by up to EUR40 million.

-The notes, with a maturity of five years and nine months will be issued to institutional investors outside the U.S. via accelerated bookbuilding.

-Pricing is expected later in the day, and settlement is expected on April 25.

-Commerzbank AG (>> Commerzbank AG), Deutsche Bank (DB) and Morgan Stanley (MS) are joint bookrunners and lead managers.

-Proceeds will be used to fund the purchase of Fibras Sinteticas de Portugal SA and expansion on China's graphite electrodes market.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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Stocks mentioned in the article : SGL Carbon SE, Commerzbank AG
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