Luther advises Werder Bremen on the capital market

The bond of SV Werder Bremen GmbH & Co KG aA (ISIN DE000A3H3KP5) has been traded on the Open Market of Deutsche Börse AG in the Quotation Board segment for bonds since 8 June 2021, following the completion of the public offering. At almost 102%, the current share price reflects investor confidence from a standing start.

Despite the relegation to the second league, the issue has seen demand from institutional and private investors alike. The interest rate was set at the rather lower end of the range at 6.50%. A total of EUR 17.0 million was placed.

Luther Rechtsanwaltsgesellschaft prepared the securities prospectus and also accompanied the transaction as transaction lawyer on all legal issues. The securities prospectus, which was prepared in only seven weeks, was approved by the Luxembourg financial supervisory authority, Commission de Surveillance du Secteur Financier (CSSF), and notified to the German Federal Financial Supervisory Authority (BaFin) as part of the European passport.

Luther partner Ingo Wegerich: "With this transaction, we were able to further expand our track record in corporate bonds and legal advice to professional football clubs on bank-independent financing. The preparation of the prospectus in such a short time was a challenge. It had to be adapted to the sporting environment. We coordinated closely with the supervisory authority.  Economically strengthened, SV Werder Bremen can now attack again. A successful transaction is a confirmation for all parties involved."

The issue of the bond was accompanied by Bankhaus Lampe as Sole Lead, Consortiello GmbH acted as issue advisor in the transaction.

About SV Werder Bremen GmbH & Co KG aA

As a founding member and in 3rd place in the perpetual table of the Bundesliga, SV Werder Bremen can look back on a sporting success story since 1899. With around 40,000 registered members and a strong positioning in sustainability and social issues, SV Werder Bremen is a strong and sought-after brand in football.

On behalf of SV Werder Bremen GmbH & Co KG aA:

Luther, Banking and Capital Markets: Ingo Wegerich (Partner, Lead), Elena Recklin (Associate)