Trion targeting PLN 46m from bond issue

2010-01-29

The Trion group, which manufactures, among other things, wooden and PVC windows, as well as steel structures, hopes to mae around PLN 46.5m (€11.4m) from a planned issue of E series shares.
Cash from the issue will go towards restructuring the group's debts as well as financing new projects. The company wants to end its dependency on bank financing, and the cash from the bond issue will also help boost its production capability, among other things, by investing in a bigger distribution network. The company is currently operating at roughly 60% of its production capacity. The redemption date for the bonds is 17 June 2013, but investors will also have the option of selling them on the Catalyst market or exchanging them for Trion shares.

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