Tecan issues inaugural direct bond of CHF 250 million
NOT FOR PUBLICATION, DISTRIBUTION OR BROADCAST USE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR IN ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR BROADCAST IS ILLEGAL
Ad hoc announcement in accordance with Article 53 of the SIX Exchange Regulation listing rules
Männedorf, Switzerland – September 21, 2021 – Today, the Tecan group (SIX Swiss Exchange: TECN) has successfully raised CHF 250 million through the issuance of a domestic fixed-rate bond. The bonds bear a coupon of 0.050% and have a term of 4 years (final maturity October 6, 2025). The bond settlement date is October 6, 2021. The bonds will be listed and traded on the SIX Swiss Exchange.
The net proceeds of the issuance will partially refinance the $ 1.0 billion (CHF 920 million) acquisition of Paramit Corporation, a leading developer and OEM of medical devices and life science instruments, announced on June 23, 2021 and successfully closed in August. 2, 2021.
The bonds were placed with institutional investors and private banks in Switzerland under the joint management of Credit Suisse and Zürcher Kantonalbank.
Tecan (www.tecan.com) is one of the world’s leading providers of laboratory instruments and solutions in the fields of biopharmaceuticals, forensics and clinical diagnostics. The company specializes in the development, production and distribution of automation solutions for laboratories in the life sciences sector. Its clients include pharmaceutical and biotechnology companies, academic research departments, forensic and diagnostic laboratories. As an Original Equipment Manufacturer (OEM), Tecan is also a leader in the development and manufacture of OEM instruments and components which are then distributed by partner companies. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in Europe and North America and maintains a sales and service network in 52 countries. In 2020, Tecan achieved sales of CHF 731 million (USD 778 million; EUR 683 million). The registered shares of Tecan Group are traded on the SIX Swiss Exchange (TECN; ISIN CH0012100191).
For more information:
Senior Vice-President, Corporate Communications and RI
Phone. +41 (0) 44 922 84 30
Fax +41 (0) 44 922 88 89
This press release and the information it contains may not be published, distributed or transmitted in the United States (United States), Canada, Australia or Japan or any other jurisdiction in which it would be illegal, nor given or transmitted to U.S. persons (including entities) or general-purpose media in the United States. This bond will not be offered to the public for sale outside Switzerland. This press release does not constitute an offer to purchase or subscribe for securities; it is neither an issue prospectus within the meaning of art. 35 LSF or a listing prospectus within the meaning of the Listing Rules of the SIX Swiss Exchange.