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Darmstadt, Germany, 7/5/2013
Software AG (TecDAX: SOW AG) successfully placed a promissory note loan worth a total value of €300 million. It was offered at terms of two, three and four years and at fixed and variable interest rates. The average rate on the fixed interest portion was 1.8 percent. This was the first time Software AG offered tranches in U.S. dollars and was able to place $65 million.
Due to high investor demand, the transaction was clearly oversubscribed and its original volume totaling €150 million was increased to €300 million. This outcome confirms the confidence promissory note investors have in Software AG's business model. The spread for all tranches was set at the lower end of the target range.
Notes were placed with more than 100 investors consisting of private, state, cooperative, savings banks and other investors. Tranches in euros were placed almost exclusively in German-speaking countries; notes in U.S. dollars were predominantly purchased by international banks. The transaction was managed by Helaba, HSBC Trinkaus & Burkhardt AG and IKB Deutsche Industriebank AG.
This is Software AG's third promissory note offering since 2009. In addition to providing flexibility to refinance loans at low interest rates, the transaction expands the company’s financial leeway for further growth. In the first half of 2013 Software AG invested in four innovative software companies.
About Software AG
Software AG (FRA: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 15 market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta and webMethods. Software AG has ca. 5,300 employees in 70 countries and had revenues of €1.05 billion in 2012. Learn more at www.softwareag.com.
Software AG - Get There Faster
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Detailed press information about Software AG including a picture and multimedia database are available under: www.softwareag.com/press
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Tel: +49 6151 92-2070
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Senior Manager Investor Relations
Tel: +49 6151 92-1237
Fax: +49 6151 92-1933