17.03.2017
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DGAP-Adhoc: SolarWorld AG: Special repayment and deferral of interest payment entail change in nominal value of both bonds
DGAP-Ad-hoc: SolarWorld AG / Key word(s): Bond/Miscellaneous
SolarWorld AG: Special repayment and deferral of interest payment entail
change in nominal value of both bonds
17-March-2017 / 12:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SolarWorld AG: Special repayment and deferral of interest payment entail
change in nominal value of both bonds
On March 24, 2017, a special repayment will be made to both bonds of
SolarWorld AG. In Q1 2017, the company sold a 50 percent stake in SolarWorld
Solicium GmbH, which deals with the exploration of a lithium deposit in
Altenberg-Zinnwald in the in the Eastern Ore Mountains, to Bacanora Minerals
Ltd. for a price of EUR 5.0 million. EUR 2.0 million of the sales proceeds
will go to SolarWorld's financial creditors. The amount will be paid pro
rata to the holders of the Senior Facilities and the two bonds. This will
reduce the respective nominal values/repayment amounts of each note by the
amount of the partial repayment made.
Furthermore, SolarWorld will exercise the right provided in the Conditions
of Issue of the bonds (Section 3 (4)) to pay accrued interest together with
the principal on maturity date. In this context, the total margin will be
raised retroactively for the respective interest period from December 30,
2016, to March 30, 2017, to 10 % p. a. plus the base interest rate 3-month
EURIBOR of at least 1 % p. a. Thus, on March 31, 2017, the respective
nominal values/repayment amounts of bond SolarWorld FRN IS. 2014/2019 Series
1116 (ISIN DE000A1YDDX6) and bond SolarWorld FRN IS. 2014/2019 Series 1017
(ISIN DE000A1YCN14) will increase by the respective interest amount accrued
by March 30, 2017.
Notes of SolarWorld FRN IS. 2014/2019 Series 1116 (ISIN DE000A1YDDX6)
Current nominal value per note: EUR 332.45
Special repayment per note: EUR 1.85
Record date for special repayment: March 23, 2017 (after close of trading)
Payment date: March 24, 2017
Nominal value per note as at March 24, 2017: EUR 330.60
Accrued interest per note: EUR 9.11
Record date for accrued interest: March 30, 2017 (after close of trading)
Nominal value per note as at March 31, 2017: EUR 339.71
Notes of SolarWorld FRN IS. 2014/2019 Series 1017 (ISIN DE000A1YCN14)
Current nominal value per note: EUR 341.78
Special repayment per note: EUR 1.89
Record date for special repayment: March 23, 2017 (after close of trading)
Payment date: March 24, 2017
Nominal value per note as at March 24, 2017: EUR 339.89
Accrued interest per note: EUR 9.37
Record date for accrued interest: March 30, 2017 (after close of trading)
Nominal value per note as at March 31, 2017: EUR 349.26
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
Email: [email protected]; Web:
www.solarworld.de/en/investor-relations
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17-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: [email protected]
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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555179 17-March-2017 CET/CEST
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