"HEUKING Advises DEAG Deutsche Entertainment AG on Successful EUR 75 Million Bond Issuance"

"HEUKING provided legal advice to DEAG Deutsche Entertainment AG on the successful issuance of a EUR 75 million corporate bond, which was fully placed and oversubscribed. The bond, with a fixed annual coupon of 7.75%, will be used to refinance existing debt, support growth initiatives, and reduce minority interests in subsidiaries. The placement involved an exchange offer and public offering through Deutsche Börse. DEAG is a prominent European live entertainment provider, hosting over 6,000 events annually across seven countries. The legal team was led by Dr. Thorsten Kuthe."

In the recent transaction involving DEAG Deutsche Entertainment AG, the law firm HEUKING provided comprehensive legal advice. DEAG successfully issued a new corporate bond for 2025/2029, amounting to EUR 75 million, which was fully placed and significantly oversubscribed. The bond carries a fixed annual coupon of 7.75%, reflecting strong demand from both institutional and retail investors, and highlighting confidence in DEAG's growth strategy. The net proceeds from this issuance will be utilized to refinance an existing bond, support organic and inorganic growth initiatives, and reduce minority interests in subsidiaries. The placement was executed through an exchange offer, a public offering via Deutsche Börse’s DirectPlace subscription functionality, and a private placement. The HEUKING team advising DEAG included Partner Dr. Thorsten Kuthe (Lead), Miriam Schäfer (Co-Lead), Christopher Görtz, and Alexander Hübner, LL.M., all specializing in Capital Markets, based in Cologne.

"HEUKING Advises DEAG Deutsche Entertainment AG on Successful EUR 75 Million Bond Issuance"

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