TOKYO, May 01 (Pulse News Wire) – DMG Mori CO.,LTD. (6141.T) announced plans to issue its sixth tranche of unsubordinated perpetual bonds with junior ranking provisions as part of refinancing efforts for existing hybrid financing.
The total amount of hybrid financing, which includes the new bonds and term loans with junior ranking provisions, could reach up to ¥30.00 billion. Details of the proposed bond issuance are outlined below: 1. Name: Sixth Tranche Deferred Interest Payment Provision and Optional Redemption Provision Unsecured Perpetual Bond (Junior Ranking Provision Upon Liquidation Bankruptcy Proceeding) 2. Aggregate Amount: Undetermined 3. Terms Determination Day: Undetermined 4. Payment Date: Undetermined 5. Repayment Term: Indefinite, but subject to optional redemption of the entire principal five years after issuance and thereafter on each interest payment date 6.
Lead Underwriters: Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd., and SMBC Nikko Securities Co., Ltd. This press release is intended solely for public disclosure concerning the refinancing of existing hybrid financing and the issuance of unsubordinated perpetual bonds with junior ranking provisions, and does not constitute investment advice or similar activities. Existing hybrid financing details (subject to replacement): 1. Name: Fourth Tranche Deferred Interest Payment Provision and Optional Redemption Provision Unsecured Perpetual Bond (Junior Ranking Provision Upon Liquidation Bankruptcy Proceeding) 2. Financing Amount: ¥30.00 billion 3. Execution Date: August 31, 2021 4. Repayment Term: Indefinite, but subject to optional redemption of the entire principal on each interest payment date starting from August 31, 2026.
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