OMN - Omnia - Omnia Issues R405 Million of Domestic Medium Term Notes Release Date: 04/12/2008 16:06:23 Code(s): OMN
OMN - Omnia - Omnia Issues R405 Million of Domestic Medium Term Notes
Omnia Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/003680/06)
Share Code: OMN ISIN: ZAE000005153
("Omnia" or "the Group")
Omnia Issues R405 Million of Domestic Medium Term Notes
Omnia is pleased to announce that its operating subsidiary, Omnia Group
(Proprietary) Limited, has successfully raised three year term debt through an
issue of R405 million Senior Unsecured Fixed Rate Notes ("the Issue") under its
R1.5 billion Domestic Medium Term Note Programme ("the DMTN Programme") which
was recently established on the Bond Exchange of South Africa ("BESA"). A
favourable rate has been agreed.
Following the strong growth experienced by Omnia, management believes it is
prudent to replace the Group`s dependence on short term bank funds. The DMTN
Programme will enable Omnia to access longer term, alternative capital sources,
strengthen its capital structure and enhance its liquidity position. Omnia
will use the net proceeds of the Issue to refinance its short term debt
facilities. The DMTN Programme will also ensure that Omnia is strongly
positioned to capitalise on continued growth and expansion opportunities as and
when they arise.
Omnia is a diversified specialist chemical services company providing customised
solutions to the chemicals, mining and agriculture markets. Omnia`s three
- Protea Chemicals Division: distributor of speciality, functional and effect
chemicals and polymers in southern Africa. The division operates from 21 sites
and has a presence in every sector of the broader chemical distribution market.
- Mining Division: the leading supplier of explosives, associated products,
value added services and mining chemicals to the South African open-cast and
underground mining and quarrying industries. It has operations in southern and
western Africa. Trading as Bulk Mining Explosives and Protea Mining Chemicals,
it has successfully developed a new generation of electronic detonator and is in
the process of commercialising a new shocktube initiation system.
- Agriculture Division: produces granular, liquid and speciality fertilisers and
distributes to individual farmers, co-operatives and wholesalers throughout
southern Africa, Australia and New Zealand. Exports, an area of growth for
Omnia, are also made to Europe, South America and Asia.
4 December 2008
Sole Arranger and BESA Sponsor: Nodus Capital (Pty) Limited
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 04/12/2008 16:06:23 Supplied by www.sharenet.co.za
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