AIXTRON SE Successfully Issues €450 Million Convertible Bonds

AIXTRON SE has announced the successful placement of €450 million in unsecured, unsubordinated convertible bonds, maturing in April 2031. Issued at a denomination of €100,000 per bond, these bonds are set to convert into new or existing shares, constituting approximately 7.9% of the company’s share capital. The bonds bear no periodic interest and are to be redeemed at 101.26% of their principal amount. The conversion price is set at €50.375, reflecting a 30% premium over the reference share price of €38.75.

The issuance was executed without a shareholders’ pre-emptive right. AIXTRON plans to list the bonds on the Frankfurt Stock Exchange's Open Market within three months post-issue. The proceeds will facilitate general corporate expansions, acquisitions, and share buybacks. The bonds' issuance solidifies AIXTRON's financial strategy and the market's confidence in its growth potential.