PTL 5.1% 2024 NEW BOND ISSUE
PTL Holdings plc announced the new bond issue of €36 million in unsecured bonds, with a coupon of 5.1% redeemable in 2024, at a nominal value of €100 per bond issued at par.
If you wish to apply for these bonds see information at the bottom of this article or apply by opening a CC Web Trader account now. (no deposit required)
The principal object of the Issuer is to carry on the business of a holding and finance company. The Issuer does not itself undertake any trading activities apart from the raising of capital and the advancing thereof to members of the Group. Accordingly, the Issuer is economically dependent on the financial performance of the business of PTL, SAD and APCO.
The net proceeds from the Bond issue, estimated at €35.3 million after issuance costs, will be principally used by the Issuer for the following purposes:
- the first €20 million to refinance a short-term bank facility with HSBC Bank Malta plc, which funds were used to partly finance the acquisition of SAD;
- to settle the remaining consideration due to the selling parties in relation to the acquisition of APCO (circa €4 million);
- to repay loans granted by Hili Ventures Limited (the parent company of the Issuer) used for the purchase of SAD and APCO (circa €8.4 million);
- to settle expenses incurred in the acquisitions of SAD and APCO (circa €1.6 million);
- to refinance €0.8 million in bank loans with HSBC Bank Malta plc and Banif Bank Malta plc; and
- the balance will be used for general corporate funding purposes of the Group (circa €0.5 million).
PTL (Formerly known as Philip Toledo Ltd)
PTL is a multi-brand information technology solutions provider to businesses and the public sector primarily in Malta and to a lesser extent in the Middle East. PTL provides comprehensive and integrated solutions for its customers’ technology needs through the company’s extensive hardware, software and value-added service offerings. Solutions range from configuration services for computer devices to fully integrated solutions.
SAD is Poland’s largest Apple retailer and operates 22 stores under the iSpot brand, together with a well-developed online proposition. As an Apple premium Reseller and Apple Authorised Service Provider, SAD outlets carry a full range of Apple products, including software and accessories, and through its trained staff also offer support and repair services to customers regardless of where they originally purchased the Apple product from.
SAD is also involved in turnkey solutions for government agencies and business customers, and its services comprise the design and construction of networks, data security, and the supply of hardware and software. Moreover, as a certified Apple Authorised Training Centre, SAD has since incorporation participated in numerous projects relating to the implementation of Apple technology in higher education, has equipped more than 2,000 school technology labs and provided training to circa 8,500 teachers on information technology.
An important part of SAD’s business is its involvement in the audio-video market, streaming and TV broadcasting. In this niche market, SAD provides TV stations, production companies, content owners and broadcasters with innovative technology and integration solutions to enable the production of live, enriched video programming. SAD’s clients comprise most of the major TV stations in Poland, including TVN, TVP and Polsat
APCO is a provider of electronic payments transaction processing services for retailers and internet-based merchants and operates under the brand name ‘APCOPAY’. In addition, APCO is a supplier of ATMs (Wincor Nixdorf), point-of-sale terminals, plastic cards, deposit machines, currency exchanges, automotive fuel payment systems and other cash-handling equipment.
The primary business model of APCO is to enable merchants, that are APCO clients, to accept a variety of card and electronic based payments at the point of sale. The term “merchant” generally refers to any entity that accepts credit or debit cards for the payment of goods and services. APCO sells its products and services through multiple sales channels in Malta and internationally, and targets customers in many vertical markets.
HOW TO REGISTER TO BUY BONDS?
More information is available from the prospectus dated November 3, 2014, which is available for download from the links below or through the CC WebTrader Research page.
Orders may be raised directly through CC WebTrader, by submitting an application form tvia email on [email protected] or by visiting our offices in Valletta or in Qormi.
Subscriptions open on November 24 and close on November 28, or earlier if the bond issue is over-subscribed.
Deadline for Submission of Applications:
- €19 million Pre-Placement on Wednesday 19 November 2014 at 08.30 hrs. (Minimum €25,000)
- €7 million Preferred Applicants on Monday 24 November 2014 at 08:30 hrs. (Preferred applicants – Holders of Premier Capital Bonds and Hili Group employees)
- €10 million General Public on Monday 24 November 2014 at 08:30 hrs.(Minimum €1,000)
REGISTER FOR IPO – OPEN A CC WEBTRADER ACCOUNT ONLINE
To be able to participate in this IPO and any future IPOs simply open an account online. (No deposit is required) by clicking here or by visiting the following link. https://www.cc.com.mt/contact-us/cc-registration-form .
You may also call us on 25688688 any day of the week till 7.30pm or on Saturdays from 9-1pm.
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