• The initial approximate amount will be EUR 250 million, due 2022, and targeted at national and international qualified investors.
• The purpose is to finance the redemption of the senior secured notes issued by the Company in February 2013
October 20, 2015.- Ence – Energía y Celulosa has initiated the commencement of a bookbuilding process for the purposes of issuing senior unsecured notes for an initial approximate amount of EUR 250 million, due 2022, with interest payable semi-annually and targeted at national and international qualified investors.
The purpose of the issue is to finance the redemption of the senior secured notes issued by Ence in February 2013 and still outstanding following the exercise by the Company of its right of redemption with respect to 10% of the notes, as announced by means of notice of relevant event dated 28 April 2015. With the funds obtained through the issuance will be also used to cover fees and expenses incurred in connection with the transaction.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any Notes, nor will there be any sale of Notes referred to in this announcement, in any jurisdiction, including in the United States, in which such offer, solicitation or sale is not permitted. The Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements of the U.S. Securities Act. The Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and to non-U.S. persons outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities Act.
It may be unlawful to distribute this announcement in certain jurisdictions. This announcement is not for distribution in the United States, Japan or Australia. The information in this announcement does not constitute an offer of securities for sale in the United States, Canada, Japan or Australia.
This announcement has been prepared on the basis that any offer of the Notes in any member state of the European Economic Area (the “EEA”) will be made pursuant to an exemption under the Prospectus Directive (as defined below) from the requirement to publish a prospectus for offers of the Notes. The expression ‘‘Prospectus Directive’’ means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive), and includes any relevant implementing measure in the relevant member state, and the expression ‘‘2010 PD Amending Directive’’ means Directive 2010/73/EU.
This announcement has not been approved by an authorised person in the United Kingdom and is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ‘‘Financial Promotion Order’’), (ii) are persons falling within Article 49(2)(a) to (d) (‘‘high net worth companies, unincorporated associations, etc.’’) of the Financial Promotion Order, (iii) are outside the United Kingdom or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the “FSMA”)) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as ‘‘relevant persons’’). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. No person may communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of the securities other than in circumstances in which Section 21(1) of the FSMA does not apply to us.
Neither the content of ENCE’s website nor any website accessible by hyperlinks on ENCE’s website is incorporated in, or forms part of, this announcement. The distribution of this announcement into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
For further information, please contact Investor Relations.
E-mail: ir@ence.es
