20.12.2019

Track record in corporate bonds under the new prospectus law: Luther now supports UniDevice

Frankfurt am Main - Once again, Luther Rechtsanwaltsgesellschaft provided legal advice on the issue of a corporate bond under the new prospectus law. Luther advised the B2B broker for communications and consumer electronics, with a focus on high-priced smartphones, on the structuring of the bond terms and conditions, the preparation of the securities prospectus and as transaction lawyer.

Background

UniDevice AG, whose shares are already listed in the m:access segment of the Munich Stock Exchange and on the Regulated Unofficial Market of the Frankfurt Stock Exchange, issued a five-year corporate bond with a coupon of 6.5% p.a. (half-yearly interest payment) and a volume of up to EUR 20 million. After completion of the subscription via the Direct Place subscription functionality, the bonds will be traded on the Open Market of the Frankfurt Stock Exchange in the trading segment Quotation Board for bonds. UniDevice AG intends to use the issue proceeds for further growth and, if necessary, to refinance existing liabilities.

The securities prospectus for UniDevice's debut bond was prepared within seven weeks by Luther in consultation with UniDevice and approved by the supervisory authority in Luxembourg (CSSF).

For Luther Rechtsanwaltsgesellschaft, this is already the fifth prospectus including base prospectuses under the new securities prospectus law, on which it has provided advice since the new prospectus law became applicable on July 21, 2019.

For UniDevice AG:

Luther, Banking and Capital Markets: Ingo Wegerich (Partner, Lead), Elena Recklin (both Frankfurt am Main)

Author
Ingo Wegerich

Ingo Wegerich
Partner
Frankfurt a.M.
ingo.wegerich@luther-lawfirm.com
+49 69 27229 24875

Elena Recklin

Elena Recklin
Associate
Frankfurt a.M.
elena.recklin@luther-lawfirm.com
+49 69 27229 24855