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Announcement of results of tender offer of Hero AG's CHF 200m Perpetual Callable Subordinated Bonds

  • Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

Lenzburg, May 24, 2023 – On May 9, 2023, Hero AG (the "Company") announced an invitation to the holders of its CHF 200 million Perpetual Callable Subordinated Bonds with ISIN CH0341725874 (the "Bonds") to tender their Bonds for cash up to a maximum purchase amount (the “Maximum Purchase Amount”).

The Company is pleased to announce the acceptance of the Tender Offer as follows:

Maximum Purchase Amount: CHF 123,550,000

Aggregate Principal Amount of Bonds validly tendered and accepted for purchase: CHF 123,550,000

Pro-ration Factor: Not applicable

Following settlement of the offer on May 30, 2023, and the cancellation of the purchased Bonds, CHF 76,450,000 of the Bonds will remain outstanding.


About Hero Group
The Hero Group is an international food company focused on branded nutritional food products. The company was founded in 1886 in Lenzburg, Switzerland, where its headquarters are still located today. Hero's main product categories of Baby & Toddler Food, Natural Spreads, and Healthy Snacks are complemented by its activities in Baby & Toddler Milk, Gluten Free and Specialties. The Group, which lives by its mission to delight consumers by conserving the goodness of nature, boasts a global footprint and its portfolio consists of many well-known international and local brands. In 2022, the Group generated revenues of CHF 1.2 billion.

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