Datwyler successfully places CHF 240 million bond issue

Ad hoc announcement pursuant to Art. 53 LR SIX Swiss Exchange |
Dätwyler Holding Inc. (SIX: DAE) successfully placed a CHF 240 million fixed rate bond on 15 June 2022. The bond bears interest of 2.1% and has a term of five years. Zürcher Kantonalbank managed the placement of the bond based on an issue price of 100.035%. The bond will be paid on 13 July 2022 and subsequently listed on the SIX Swiss Exchange (Valor: 118'921'786, ISIN: CH1189217867).
240 million bond issue successfully placed

Attractive growth opportunities thanks to QSR acquisition

Datwyler will use the proceeds of the bond issue to repay bank loans raised to finance the strategically important acquisition of US company QSR (closing on 13 May 2022). With QSR, Datwyler will become the leading global supplier of system-critical sealing solutions for electrical connectors for various industries. QSR is an ideal fit for Datwyler in terms of strategy, core competencies and culture and will accelerate profitable growth. Several megatrends such as electrification, connectivity, the Internet of Things and Industry 4.0 offer attractive growth opportunities for QSR's seals and components in the coming years, with an expected average annual growth rate of 9%. With five plants and supporting units in the USA, Mexico and China and some 1’250 employees, QSR generated sales of USD 164 million in 2021.

Enquiries

Portrait image of Guido Unternährer

Guido Unternährer

Head of Corporate Communications & Investor Relations

guido.unternaehrer@datwyler.com
+41 41 875 19 00

Further information

Disclaimer

This media release constitutes neither an offer prospectus under the terms of Article 652a and/or 1156 of the Swiss Code of Obligations nor a listing prospectus under the terms of Article 27 ff. of the SIX Swiss Exchange Listing Rules. This media release is intended solely for information purposes and does not constitute either an invitation to submit an offer or an invitation to acquire bonds. The publication of this media release as well as the offer and sale of securities may be subject to restrictions in certain jurisdictions. Whoever reads this media release shall be personally responsible for obtaining information on such restrictions and observing them should they be applicable. This communication is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). This communication shall not constitute an offer to sell nor the solicitation of an offer to buy the securities referred to herein. Any sales in the United States will be made only to qualified institutional buyers, as defined in Rule 144A under the Securities Act, in transactions exempt from registration under the Securities Act, and sales outside the United States will be made to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.