Public offering and private placement of the 6.5% Green Bond 2021/2026 start today - hep

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Public offe­ring and pri­va­te pla­ce­ment of the 6.5% Green Bond 2021/2026 start today

Apr 29, 2021

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Güg­lin­gen, 29 April 2021 – The 6.5% Green Bond 2021/2026 (ISIN: DE000A3H3JV5) of hep glo­bal GmbH, an inter­na­tio­nal spe­cia­list for the deve­lo­p­ment, rea­liz­a­ti­on and ope­ra­tio­nal manage­ment of pho­to­vol­taic pro­jects as well as invest­ment mana­ger for solar funds through sub­si­dia­ries, can be sub­scri­bed from today. Inte­res­ted pri­va­te inves­tors in Ger­ma­ny, Aus­tria and Luxem­bourg can sub­mit their sub­scrip­ti­on offer during the offer peri­od from 29 April 2021 until 12 May 2021, 12 noon (sub­ject to ear­ly clo­sing) through their cus­to­di­an bank via the sub­scrip­ti­on func­tio­n­a­li­ty “Direct­Place” of Deut­sche Bör­se AG in the tra­ding sys­tem XETRA.

Insti­tu­tio­nal inves­tors can sub­scri­be direct­ly via Qui­rin Pri­vat­bank AG in its func­tion as bookrun­ner during the same peri­od. Lewis­field Deutsch­land GmbH acts as finan­cial advisor.

Appro­xi­mate­ly 75% of the issue pro­ceeds are plan­ned to be used to finan­ce the acqui­si­ti­on of future pho­to­vol­taic pro­jects in the ear­ly sta­ge and acti­ve deve­lo­p­ment pha­se. The remai­ning appro­xi­mate­ly 25% are inten­ded for working capi­tal for the deve­lo­p­ment and expan­si­on of hep.

Key data of the Green Bond 2021/2026

Issu­er hep glo­bal GmbH
Finan­cial instrument Green Bond (clas­si­fied by imug/SPO)
Volu­me Up to EUR 25 million
ISIN/WKN DE000A3H3JV5 / A3H3JV
Cou­pon 6.5% p.a.
Issue pri­ce 100%
Deno­mi­na­ti­on EUR 1,000
Offer peri­od 29 April to 12 May 2021 (12 pm)
Value date 18 May 2021
Term 5 years: 18 May 2021 to 18 May 2026 (exclu­si­ve)
Inte­rest payment Semi-annu­al­ly, in arre­ars on 18 Novem­ber and 18 May of each year (for the first time in 2021)
Redemp­ti­on date 18 May 2026
Redemp­ti­on price 100%
Sta­tus Unsub­or­di­na­ted, unsecured
Spe­cial ter­mi­na­ti­on rights of the Issuer
  • From 19 May 2024 at 102% of the nomi­nal amount
  • From 19 May 2025 at 101% of the nomi­nal amount
Ter­mi­na­ti­on rights of bond­hol­ders and covenants
  • Chan­ge of control
  • Cross default
  • Nega­ti­ve pledge
  • Pro­hi­bi­ti­on of dis­tri­bu­ti­ons up to EUR 5.5 mil­li­on in equi­ty in 2021, up to EUR 11 mil­li­on in equi­ty in 2022 and up to EUR 15 mil­li­on in equi­ty from 2023
  • Dis­tri­bu­ti­on limi­ta­ti­on to 50% of the amount excee­ding the respec­tively app­li­ca­ble equi­ty threshold
  • Vio­la­ti­on of the reten­ti­on agree­ment for share­hol­der loans
  • Trans­pa­ren­cy obligation
  • Posi­ti­ve pledge
App­li­ca­ble law Ger­man law
Pro­spec­tus
  • EU Growth pro­spec­tus appro­ved by the Com­mis­si­on de Sur­veil­lan­ce du Sec­teur (“CSSF”) in Luxem­bourg with noti­fi­ca­ti­on to the Federal Finan­cial Super­vi­so­ry Aut­ho­ri­ty (“BaFin”) in Ger­ma­ny and the Aus­tri­an Finan­cial Mar­ket Aut­ho­ri­ty (“FMA”)
  • The appro­val of the pro­spec­tus shall not be con­strued as an endor­se­ment of the secu­ri­ties offered.
Stock exchan­ge segment Open Mar­ket of Deut­sche Bör­se AG („Frei­ver­kehr“ of Frank­furt Stock Exchange)
Finan­cial advisor Lewis­field Deutsch­land GmbH
Bookrun­ner Qui­rin Pri­vat­bank AG

Important note:

This publi­ca­ti­on is neit­her an offer to sell nor a soli­ci­ta­ti­on of an offer to buy secu­ri­ties. The secu­ri­ties which are the sub­ject of this publi­ca­ti­on are offe­red by the issu­er exclu­si­ve­ly in the Federal Repu­blic of Ger­ma­ny, the Grand Duchy of Luxem­bourg and the Repu­blic of Aus­tria by way of a public offer. Out­side the Federal Repu­blic of Ger­ma­ny, the Grand Duchy of Luxem­bourg and the Repu­blic of Aus­tria, no public offer is being made.

The secu­ri­ties will not be regis­tered under the U.S. Secu­ri­ties Act of 1933, as amen­ded (the “Secu­ri­ties Act”), and may not be offe­red or sold in the United Sta­tes absent regis­tra­ti­on under the Secu­ri­ties Act or an app­li­ca­ble exemp­ti­on from the regis­tra­ti­on requi­re­ments of the Secu­ri­ties Act.

This publi­ca­ti­on does not con­sti­tu­te a pro­spec­tus. The invest­ment decisi­on of inte­res­ted inves­tors with respect to the secu­ri­ties refer­red to in this publi­ca­ti­on should be made sole­ly on the basis of the secu­ri­ties pro­spec­tus and the terms and con­di­ti­ons of the bonds pre­pa­red by the Issu­er in con­nec­tion with the public offe­ring of the­se secu­ri­ties, which are each avail­ab­le for inspec­tion free of char­ge on the Issuer’s web­site at www.hep.global/green-bond.

This release con­tains for­ward-loo­king state­ments. The­se state­ments are based on the cur­rent views, expec­ta­ti­ons, assump­ti­ons and infor­ma­ti­on of the manage­ment of hep glo­bal GmbH. For­ward-loo­king state­ments should not be con­strued as a pro­mi­se of future results and deve­lo­p­ments and invol­ve known and unknown risks and uncer­tain­ties. Various fac­tors could cau­se actu­al future per­for­mance or events to dif­fer mate­ri­al­ly from tho­se descri­bed in the­se state­ments, and neit­her the Com­pa­ny nor any other per­son accepts any respon­si­bi­li­ty for the accu­ra­cy of the opi­ni­ons expres­sed in this release or the under­ly­ing assumptions.

The Com­pa­ny does not assu­me any obli­ga­ti­ons to update any for­ward-loo­king state­ments. Moreo­ver, it should be noted that all for­ward loo­king state­ments only speak as of the date of this release and that the Com­pa­ny does not assu­me any obli­ga­ti­on, except as requi­red by law, to update any for­ward-loo­king state­ment or to con­form any such state­ment to actu­al events or deve­lo­p­ments. The Com­pa­ny and its affi­lia­tes express­ly dis­c­laim any obli­ga­ti­on or under­ta­king to update, review or revi­se any for­ward-loo­king state­ment con­tai­ned in this release, whe­ther as a result of new infor­ma­ti­on, future deve­lo­p­ments or otherwise.