Tourexpi
Lufthansa to Repurchase 50 percent of Outstanding Convertible Bonds Due 2025
The
repurchase price was set at 100.6% of the principal amount, equivalent to EUR
100,600 per bond. In addition, the Company will pay accrued interest on the
purchased bonds from the most recent interest payment date up to (but
excluding) the settlement date.
Lufthansa
has decided to repurchase EUR 300 million of the 2025 Bonds, representing 50%
of the total outstanding amount. The buyback will be financed with proceeds
from the successful placement of EUR 600 million convertible bonds due 2032,
announced yesterday.
Following
completion, EUR 300 million of the 2025 Bonds will remain outstanding.
Settlement of the transaction is expected on 11 September 2025 (the “Invitation
Settlement Date”).
Image
Credit: © Lufthansa Group
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