Takko Announces the Successful Pricing of €510 million Senior Secured Notes Due 2023

26.10.2017

[Not for distribution in Canada, Australia or Japan]

Takko Announces the Successful Pricing of €510 million Senior Secured Notes Due 2023

Telgte, October, 26, 2017

The Takko Group (“the Group”), announced today that one of its affiliated companies, Takko Luxembourg 2 S.C.A, has completed the pricing of €510 million aggregate principal amount of senior secured notes due 2023 (the Notes), comprised of:

€285 million aggregate principal amount of 5.375% Senior Secured Fixed Rate Notes due 2023; and

€225 million aggregate principal amount of Senior Secured Floating Rate Notes due 2023 bearing interest at a rate of three-month EURIBOR (0% floor) plus 537.5 bps, reset quarterly.

The offering is expected to close on November 9, 2017. The net proceeds of the notes offering will be used, together with cash on hand, to redeem the Group’s existing senior secured notes in full and to pay certain fees and expenses related to the transaction.

For more information, please contact:

Takko Fashion
Alfred-Krupp-Str 21
48291 Telgte

Michael Huck (Manager Corporate Finance/ Investor Relations)

E-mail : investor.relations@takko.de

DISCLAIMER

The notes are being offered in a private placement, and there will be no public offering of the notes. The notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. No assurance can be given that the offering will be completed or, if completed, as to the terms on which it will be completed. This announcement is for informational purposes only and does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any jurisdiction in which, or to any person to whom, such offer or solicitation would be unlawful. The notes have not been, and will not be, registered under the Securities Act. The notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

This announcement is being distributed in the United Kingdom only to, and is directed at (a) persons who have professional experience in matters relating to investments who fall within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”). The investments to which this announcement relates are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be available only to or will be engaged in only with, relevant persons.

This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the Directive 2003/71/EC (the “Prospectus Directive”), as implemented in Member States of the European Economic Area, and, once fully effective, under Regulation (EU) 2017/1129 (the “Prospectus Regulation”). The offer and sale of the notes will be made pursuant to an exemption under the Prospectus Directive and, once fully effective, under the Prospectus Regulation, from the requirement to produce a prospectus for offers of securities.

Neither the content of the Group’s website nor any website accessible by hyperlinks on the Group’s website is incorporated in, or forms part of, this announcement. The distribution of this announcement into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release may include forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding the Group’s intentions, beliefs or current expectations concerning, among other things, the Group’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which it operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Group’s actual results of operations, financial condition and liquidity, and the development of the industries in which they operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if the Group’s results of operations, financial condition and liquidity, and the development of the industries in which they operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

 

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