Capstone Holding Corp. lowers convertible note conversion price to $1.00
FRANKFURT - Deutsche Bank AG (ETR:DBKGn), acting as the Stabilisation Coordinator, has announced the potential stabilization actions for ZF Europe Finance B.V.’s new five-year senior bond, which is guaranteed by ZF Friedrichshafen AG. The stabilization period commenced today and is expected to continue until July 23, 2025.
The bond, which has yet to have its aggregate nominal amount confirmed, has been introduced with initial price thoughts (IPTs) around the 7.50% area, according to the bank’s Debt Syndicate contact. The ISIN code for this bond issuance is XS3091660194.
Stabilization efforts, which may include over-allotment of securities, will be undertaken by Stabilising Managers Citigroup (NYSE:C), Deutsche Bank, and J.P. Morgan. These actions aim to support the market price of the securities at a level higher than what might otherwise prevail. However, there is no guarantee that stabilization will occur, and if commenced, it may be discontinued at any time.
This pre-stabilisation period announcement is intended for informational purposes and should not be considered as an offer to underwrite or acquire securities. The offer and the securities are targeted at professional investors in the United Kingdom (TADAWUL:4280) and qualified investors in the European Economic Area, as per the relevant regulations.
The securities mentioned in this announcement have not been and will not be registered under the United States Securities Act of 1933. Consequently, they may not be offered or sold in the United States without registration or an exemption from registration requirements. There will be no public offering of these securities in the United States.
This news is based on a press release statement and does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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