Talanx finalises purchase price financing for acquisition of Liberty Mutual in Latin America

Bond worth EUR 750 million issued
Cash proceeds will be used to partially finance purchase of Liberty Mutual companies in Latin America

Talanx AG today issued a senior unsecured private placement bond in the amount of EUR 750 million. The bond’s sole subscriber was HDI V.a.G., Talanx AG’s majority shareholder. The proceeds of the bond will be used to partially finance the recent purchases of Liberty Mutual companies in Brazil, Chile, Colombia and Ecuador, the contracts for which have now been completed.

The total purchase price for the Liberty Mutual companies in Latin America was EUR 1.4 billion; the part that exceeds the volume of the bond will be financed from Talanx AG’s other cash holdings.

The bond issued today will be listed on the Luxembourg Stock Exchange and matures on 23 July 2026. It has a fixed coupon of 2.5 percent p.a. and was issued at a price of 97.781 percent. Its terms are based on the bond issued on 23 July 2014 with the securities identification number TLX210, taking current market conditions into account. Deutsche Bank advised on the placement.

Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.