Brief: Paragon: Tender Offer Of Up To CHF 10 Mln In Relation To Outstanding CHF 21 Mln 4% Bonds 2019-2023

paragon GmbH & Co KgaA

10/01/2023 06:34

Jan 10 (Reuters) - Paragon GmbH & Co KGaA  PGNG.DE :
    * EQS-ADHOC: PARAGON DECIDES ON A TENDER OFFER OF UP TO CHF
10
MILLION IN RELATION TO ITS OUTSTANDING CHF 21 MILLION 4% BONDS
2019-2023
    * WITH TENDER OFFER, ISSUER OFFERS BONDHOLDERS TO TENDER
THEIR
PAR19 BONDS FOR A CASH PAYMENT OF 92.5% OF NOMINAL VALUE OF EACH
PAR19 BOND PLUS ACCRUED INTEREST UNTIL SETTLEMENT DATE OF TENDER
OFFER, WHICH IS EXPECTED TO BE JANUARY 31, 2023
    * BONDHOLDERS WHO VALIDLY TENDER THEIR PAR19 BONDS WILL
RECEIVE A
CONSENT FEE OF 0.1% OF NOMINAL VALUE OF A PAR19 BOND, REGARDLESS
OF SUCCESS OF TENDER OFFER
    * PAR19 BONDS HAVE A PAR VALUE OF CHF 3,000 EACH, MATURE ON
APRIL
23, 2023 AND ARE LISTED ON SIX SWISS EXCHANGE

Source text for Eikon:  ID: 
Further company coverage:  PGNG.DE 
 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))