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SCHMOLZ + BICKENBACH successfully placed EUR 200 million offering Donnerstag, 06. April 2017 - 15:22

Media release

SCHMOLZ + BICKENBACH successfully placed EUR 200 million offering

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF SCHMOLZ + BICKENBACH AG OR ANY OF ITS AFFILIATES. NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Lucerne, April 6, 2017 – SCHMOLZ + BICKENBACH AG (the “Company”), a global leader in special long steel, has successfully placed EUR 200 million of euro-denominated Senior Secured Notes (the “Notes”).

The Notes due 2022 were allocated to orders received in a several times oversubscribed offer launched on April 3, 2017 (the "Offering"). The Notes will be issued by the Company’s subsidiary SCHMOLZ + BICKENBACH Luxembourg Finance S.A. The Notes will have a coupon of 5.625% and will mature on July 15, 2022. The closing of the Offering of the Notes is expected to take place on April 24, 2017.

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