“The TMR III bonds are the first of the two new planned issues in the total amount up to EUR 150 million, which will be used to refinance some of our liabilities and through which we also want to raise funds for further investments and development of our resorts,“ Jozef Hodek, a member of the TMR Board said.
Receivables from the TMR III bond issue will be secured by the pledge of certain real estate assets of the Company, of which the residual value as of 30/04/2018 equaled more than EUR 110 million. “We think that this debt security with the fixed interest rate and even a collateral can be an interesting investment alternative to the TMR stock, especially for conservative investors who would like to participate in our success”, Jozef Hodek added.
The prospectus for the TMR III bonds has been prepared for the purpose of public offering in the Slovak Republic and approved solely by the Slovak National Bank. After the issuance an application will be filed for the TMR III bonds to be admitted to trading on the regulated free market of the Bratislava Securities Stock Exchange. The arranger of the issue is J&T IB and Capital Markets; the manager and administrator is J&T Banka. The security agent is Patria Corporate Finance. Allen & Overy Bratislava provided legal consulting.
This document includes only certain basic information concerning the Notes TMR III 4,40/2024 (the Notes) and their offering. The Notes are offered to the public in the Slovak Republic only. This document is not a solicitation or offer to sale or purchase the Notes and should not be used as a source of information for potential investors into the Notes in the Slovak Republic or in any other jurisdiction. Investors in the Slovak Republic should carefully read the prospectus for the Notes as amended by any supplements, including the financial statements incorporated into the prospectus by reference and including the section of the prospected titled “Risk Factors”. Prospectus and its supplements (if any) are available in writing for inspection free of charge at the registered office of the Issuer on business days between 9:00 AM until 4:00PM and in the electronic form on the Issuer’s website, www.tmr.sk. They are also available free of charge on the website of the lead manager J&T Banka, a.s., www.jtbanka.sk and in the office J&T Banka’s Slovak branch, Dvořákovo nábrežie 8, 811 02 Bratislava during normal business hours between 9:00 AM until 4:00PM.
Tatry mountain resorts, a.s. (TMR) is the leader in tourism in Central and Eastern Europe; it owns and operates attractive mountain resorts, amusement parks, restaurant facilities, sports services, shops and hotels. In the Low Tatras TMR owns and operates the resort Jasná Nízke Tatry and hotels Wellness hotel Grand Jasná, Boutique Hotel Tri Studničky, Chalets Jasná De Luxe, Hotel Srdiečko, and Hotel Rotunda. TMR is also the owner of Aquapark Tatralandia, the largest Slovak aquapark with year-round operation, which besides water entertainment includes Tropical Paradise, a special tropical indoor hall with sea water, as well as Fun Park, and accommodation in bungalows and apartments of Holiday Village Tatralandia. In the High Tatras TMR owns and operates the resort Vysoké Tatry with mountain areas of Tatranská Lomnica, Starý Smokovec, and Štrbské Pleso, which TMR co-manages. In the High Tatras TMR also owns hotels Grandhotel Praha Tatranská Lomnica, Grandhotel Starý Smokovec, Hotel FIS Štrbské Pleso and Mountain hotel Hrebienok. TMR also owns a 9.5 % share in Melida, a.s., which leases and operates the resort Špindlerův Mlýn in the Czech Republic. TMR also leases and operates the ski resort Ještěd. In Poland TMR owns a 97% share in the mountain resort Szczyrkowski Ośrodek Narciarski S.A. (SON), a 75% share in a company that owns and operates Silesian Amusement Park (Śląskie Wesołe Miasteczko) and a 7.3% share in an amusement-educational project via the Polish company Korona Ziemi Sp. z.o.o. TMR also owns and leases hotels Slovakia, Kosodrevina, Liptov and Ski&Fun Záhradky a Bungalovy to third parties. By the end of 2017, more than EUR 300 mil. had been invested into development and modernisation of TMR’s resorts. TMR shares are traded on three European stock exchanges – in Bratislava, Prague, and Warsaw.