15-10-2018 | Financial news | Press releases | Corporate & Ad-hoc news

paragon Resolves to Issue New Corporate Bond

Delbrück, October 15, 2018 – The management of paragon GmbH & Co. KGaA has today decided to offer a new bond with a nominal value of € 1,000 per bond by way of a public offer and a private placement. The target volume of the bond is € 50 million. The term is expected to begin on October 31, 2018. The redemption date will be October 31, 2023.

  • Refinancing of the acquisition of 82 percent of the shares in SemVox GmbH and expansion financing in the automotive sector

  • Construction activities planned to consolidate and expand the sites in Delbrück

  • Acquisition and refinancing of property in Limbach-Kirkel and Landsberg am Lech

  • Improvements to the current financial structure and general company financing

  • Klaus Dieter Frers: “We acquired SemVox at a strategically favorable time”