DGAP-Adhoc: Cardea Europe AG: Cardea Group furnishes comprehensive guarantee for all payment obligations under the 7.25% corporate bond of Cardea Europe AG

2022. április 07., csütörtök, 08:44





DGAP-Ad-hoc: Cardea Europe AG / Key word(s): Bond


Cardea Europe AG: Cardea Group furnishes comprehensive guarantee for all payment obligations under the 7.25% corporate bond of Cardea Europe AG


07-Apr-2022 / 08:44 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Publication of inside information according to Article 17 Regulation (EU) 596/2014



Cardea Group furnishes comprehensive guarantee for all payment obligations under the 7.25% corporate bond of Cardea Europe AG


April 7, 2022 - Frankfurt. The Cardea Group (Cardea), the parent company of Cardea Europa AG, has furnished a comprehensive and binding guarantee bond for all payment obligations under the 7.25 percent corporate bond (ISIN DE000A3H2ZP5): The Cardea Group guarantees to the creditors of the bond unconditionally and irrevocably the due payment of all amounts payable under the bond. The guarantee thus covers both current interest payments and the full repayment of the bond at maturity. The guarantee constitutes an irrevocable, unsubordinated and unsecured obligation of the guarantor that ranks at least pari passu with all other unsubordinated and unsecured obligations of the guarantor. The bond of Cardea Europe AG has a volume of up to EUR 125 million, of which only a fraction has been placed to date. The guarantee also extends to obligations from volume which will be placed in the future. In the past few weeks alone, Cardea has concluded asset management contracts with a very long term worth several billion U.S. dollars, resulting in annual fees in a substantial double-digit million U.S. dollar range. Cardea has a total of more than US$ 17bn Assets under Management.




 



Information and Explanation of the Issuer to this News:

Jordan Waring, CEO and Founder of Cardea: "In future, we will fully guarantee the bond of our subsidiary with our substance and financial strength. This will significantly improve the risk profile of the bond, and bondholders will benefit from the growth of our company and recent successes in the form of a sustainable guarantee."



About Cardea



Cardea is a global asset management firm with offices in Atlanta, London, Barcelona and Frankfurt and more than US$ 19,6 billion of Assets under Management. Through its subsidiaries, Cardea Capital Group and Cardea Capital Advisors, both SEC registered investment advisors, Cardea offers wealth management, institutional advisory, turnkey asset management platform services and advisory services to both financial advisors, institutional clients and individual investors.



Cardea Europe AG

Lurgiallee 14

D-60439 Frankfurt am Main.

Germany



Press contact

edicto GmbH

Axel Mühlhaus / Ralf Droz

Tel.: +49 (0) 69 90 55 05-54

Email: rdroz@edicto.de




Disclaimer

Safe Harbor Statement

No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words "will", "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of DESIAG and/or CARDEA EUROPE AG and the persons acting together with DESIAG and/or CARDEA EUROPE AG. Such forward-looking statements are based on current plans, estimates and forecasts which DESIAG and/or CARDEA EUROPE AG and the persons acting together with DESIAG and / or CARDEA EUROPE AG have made to the best of their knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by DESIAG and / or CARDEA EUROPE AG or the persons acting together with DESIAG and / or CARDEA EUROPE AG. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.





07-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

























Language: English
Company: Cardea Europe AG

Lurgiallee 14

60439 Frankfurt am Main

Germany
Phone: 069 - 870 08 79 296
E-mail: investor-relations@cardea-europe.de
Internet: www.cardea-europe.de
ISIN: DE000A3H2ZP5
WKN: A3H2ZP
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1322507


Notierung vorgesehen. / Designated to be listed.



 
End of Announcement DGAP News Service




1322507  07-Apr-2022 CET/CEST







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