Advising Herbawi GmbH on issuing a corporate bond

Heuking Kühn Lüer Wojtek advises Herbawi GmbH (brand: Fast Forward), a fashion retailer, on issuing a corporate bond with listing starting on October 9, 2014 in the Open Market (Quotation Board segment) of Frankfurt Stock Exchange.
 
The primary subscription period for the corporate bond with a volume of up to EUR 10 million started on September 22, 2014. The bonds can be subscribed on the Internet at www.zeichnungsplattform.de and at all banks and savings banks. With a term of five years, the fast forward bond offers annual interest rate returns of 7.75 percent. In addition to reducing existing bank liabilities and expanding the online store, proceeds from the corporate bond issue will serve to obtain more favorable purchasing terms due to faster payment to selected suppliers.
 
The company operates 16 stores, two adidas franchise stores, and three outlets with geographical emphasis on Berlin and North/East Germany. In addition to the stores, Fast Forward operates its own online store and in 2013 generated revenue of some EUR 18.1 million with profits of about EUR 380,000.
 
The team led by Thorsten Kuthe and Madeleine Zipperle already advised on five corporate bond issues in 2014 alone.

Responsible for the Project
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead),
Madeleine Zipperle (both Capital Marktes), both Cologne
Dr. Kai Erhardt (Finance), Hamburg
Maren Stötter (Real Estate), Berlin