Sanha GmbH: New 8.75% bond to refinance the 6% bond due 06/26

Sanha GmbH

Sanha GmbH is a leading manufacturer of system components for building services. The family-owned company, founded in 1955, develops, produces and distributes innovative solutions for heating, cooling, drinking water and gas supply as well as wastewater disposal.

With around 1,000 employees worldwide and production sites in Germany, the Netherlands and Romania, Sanha GmbH generates annual sales of around EUR 200 million. The company is headquartered in Raesfeld, North Rhine-Westphalia.

New 8.75% bond

Sanha GmbH is issuing a new 8.75% bond to refinance the 6% bond due 06/26. The new bond has a volume of EUR 50 million and a term of 5 years.

The proceeds from the bond issue will be used to repay the 6% bond due 06/26. The new bond will be listed on the Frankfurt Stock Exchange.

Refinancing of the 6% bond due 06/26

The 6% bond due 06/26 has a volume of EUR 50 million and was issued in 2016. The bond has a term of 10 years and a coupon of 6% p.a.

Sanha GmbH is refinancing the 6% bond due 06/26 with the new 8.75% bond to take advantage of the current low interest rate environment.

Benefits of the refinancing

The refinancing of the 6% bond due 06/26 with the new 8.75% bond has several benefits for Sanha GmbH:

• Lower interest costs: The new bond has a higher coupon than the old bond, which will reduce Sanha GmbH's interest costs.
• Extension of the maturity: The new bond has a longer term than the old bond, which will give Sanha GmbH more time to repay the debt.
• Improved financial flexibility: The refinancing will give Sanha GmbH more financial flexibility to invest in its business.

Conclusion

The refinancing of the 6% bond due 06/26 with the new 8.75% bond is a positive step for Sanha GmbH. The refinancing will reduce the company's interest costs, extend the maturity of the debt and improve its financial flexibility.