Jun 27, 2013. /Lesprom Network/. German Pellets GmbH is planning to issue a second company bond to provide further financing for growth. German Pellets GmbH intends to use the revenue from the issue for further development of the international storage and logistics system, for extending the end-customer business, and also for boosting the efficiency of the existing production facilities, as the company said in a press release received by Lesprom Network. 

The global market for pellets has continued to develop positively since the first German Pellets bond was issued in March 2011 with a volume of Euro 80 million.

"After the successful bond issue in 2011, this capital market instrument has proved its merits and established itself for our company. We have converted our growth plans into reality. Production capacity was extended and our network of dealers was strengthened by targeted acquisitions", notes Peter H. Leibold, managing partner of German Pellets GmbH. The financial figures for 2012 vindicate the course taken by the company. Group turnover rose to Euro 519 million and EBITDA increased to Euro 39.6 million (provisional figures).

The intention is for the bond to be offered publicly in Germany, Luxembourg and Austria, as well as being privately placed on the market elsewhere in Europe. German Pellets will be making available details in the near future, as soon as approval has been given to the prospectus submitted for this security.

German Pellets GmbH was founded in 2005 in Wismar (Mecklenburg-Vorpommern state) and has developed into the largest producer of wood pellets worldwide. At 15 sites in Germany, Austria and the US, German Pellets is producing wood pellets and also animal-hygiene products.