Evotec SE Initiates EUR 125 Million Convertible Bond Offering

Evotec SE has announced the launch of a EUR 125 million convertible bond offering. The bonds, due in 2033, will be convertible into new or existing shares of the company. The offering was approved by the Supervisory Board and the issuance excludes pre-emption rights of shareholders.

The bonds will have a seven-year maturity with a 2.375% to 2.875% annual interest, payable semi-annually. They will be repaid at maturity at 110% of the principal amount, providing a yield to maturity between 3.642% and 4.122%. An initial conversion price will be set at a 35% to 40% premium over the share reference price.

The placement is targeted towards institutional investors outside the U.S., with settlement expected around 21 May 2026. Proceeds will support Project Horizon, aiming to enhance Evotec’s operating model and foster sustained value creation.