2020

26.05.2020 – Sonova Holding AG

Sonova issues double tranche CHF 500 million bond

Media Release

Sonova issues double tranche CHF 500 million bond

Stäfa (Switzerland), May 26, 2020 – Sonova Holding AG today announces that it has successfully raised CHF 500 million through a double tranche Swiss franc denominated bond issue. Payment date of both tranches is June 26, 2020. The issue was managed by Credit Suisse, UBS and Zürcher Kantonalbank. The bonds will be listed on the SIX Swiss Exchange. The issuance replaces an existing CHF 300 million bridge facility and improves the overall maturity profile of Sonova’s debt positions.

The issue comprises of the following two tranches:

  • CHF 200 million bond 2020-2025 with a fixed coupon of 0.50% per annum. The bond will be issued at 100.402%, and repaid on October 6, 2025.
  • CHF 300 million bond 2020-2028 with a fixed coupon of 0.75% per annum. The bond will be issued at 100.084%, and repaid on October 6, 2028.

Disclaimer

This communication is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any bonds.

THE BONDS MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY LAW.

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Contacts:

Investor Relations

Media Relations

Thomas Bernhardsgrütter

Patrick Lehn

Phone

+41 58 928 33 44

Phone

+41 58 928 33 23

Mobile

+41 79 618 28 07

Mobile

+41 79 410 82 84

Email

thomas.bernhardsgruetter@sonova.com

Email

patrick.lehn@sonova.com

Disclaimer

This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management’s views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside Sonova’s control. Should one or more of these risks or un¬certainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of the particular statement, and Sonova undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

About Sonova

Sonova, headquartered in Stäfa, Switzerland, is a leading provider of innovative hearing care solutions. The Group operates through its core business brands Phonak, Unitron, Hansaton, Advanced Bionics and AudioNova. Sonova offers its customers one of the most comprehensive product portfolios in the industry – from hearing instruments to cochlear implants to wireless communication solutions.

Pursuing a unique vertically integrated business strategy, the Group operates through three core businesses – hearing instruments, audiological care and cochlear implants – along the entire value chain of the hearing care market. The Group’s sales and distribution network, the widest in the industry, comprises over 50 own wholesale companies and more than 100 independent distributors. This is complemented by Sonova’s audiological care business, which offers professional audiological services through a network of around 3,500 locations in 19 key markets.

Founded in 1947, the Group has a workforce of over 15,000 dedicated employees and generated sales of CHF 2.92 billion in the financial year 2019/20 as well as a net profit of CHF 490 million. Across all businesses, and by supporting the Hear the World Foundation, Sonova pursues its vision of a world where everyone enjoys the delight of hearing and therefore lives a life without limitations.

For more information please visit www.sonova.com and www.hear-the-world.com.

Sonova shares (ticker symbol: SOON, Security no: 1254978, ISIN: CH0012549785) have been listed on the SIX Swiss Exchange since 1994. The securities of Sonova have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or under the applicable securities laws of any state of the United States of America, and may not be offered or sold in the United States of America except pursuant to an exemption from the registration requirements under the U.S. Securities Act and in compliance with applicable state securities laws, or outside the United States of America to non-U.S. Persons in reliance on Regulation S under the U.S. Securities Act.


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