Network Corporate Finance advised InnoTec TSS AG, Düsseldorf, with regard to a new corporate financing structure involving the issuance of bearer debentures amounting to EUR 10 million.
Transaction
As part of a long-term restructuring of the company financing, and under the Merrill Lynch PULS mid-cap programme, InnoTec TSS AG, Düsseldorf, has issued two bearer debentures, each valued at EUR 5 million. The debentures incorporated in a collaterised debt obligation (CDO) are structured as a senior bond and a subordinated bond, each with a maturity life of 7 years.
Issuer
The listed company InnoTec TSS AG is a company within the building supplies industry and via its subsidiaries is active in the door systems and special building system sectors. The company specialises in external door panels and form liners for exposed concrete surfaces and has a leading position in these niche markets.
Key Facts
| Transaction value: | EUR 10 Mio. |
| Sector: | Building supplies industry |
| Sales: | EUR 54,7 million |
| Employees: | 441 |
| Date: | August 2006 |
Client
InnoTec TSS AG, Dusseldorf.
The role of Network Corporate Finance
Network Corporate Finance advised the clients on the preparation and implementation of the restructuring of its corporate financing. After preparing a management presentation, a company presentation and discussing the intended financing concept with specific investors, Network Corporate Finance provided a due diligence to a limited number of interested parties and then discussed the economic key points of the financing. For InnoTec TSS AG the bearer debentures are a building block in the new financing structure.
