AIXTRON SE Announces €450 Million Convertible Bond Offering

AIXTRON SE, based in Herzogenrath, Germany, has resolved to issue convertible bonds worth €450 million, due on April 23, 2031. These bonds will be convertible into new or existing shares representing about 7.5% of the company's share capital. The issuance will exclude shareholders’ pre-emptive rights.

The bonds, each valued at €100,000, will be issued at 100% of their principal amount with a conversion premium expected to be between 25% and 30%. No periodic interest will be applied, and they will be redeemed between 102.53% and 105.11% of their principal amount.

The offering will target institutional investors outside the US, Australia, Canada, Japan, and South Africa. Proceeds will fund general corporate purposes, including growth investments, acquisitions, and share buybacks. The bonds are expected to begin trading on the Frankfurt Stock Exchange within three months of their issue.