EXOR announces today the issue of €200 million non-convertible Notes through a private placement to institutional investors.
The purpose of the issue is to refinance EXOR’s short-term debt.
The Notes, with an issue price of 98.183% and a fixed annual coupon of 3.125% will reach final maturity on February 15, 2038.
The Notes (rated BBB+ by Standard & Poor’s) will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market.
This press release is not, and shall not constitute, an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or restricted by law. No action has been or will be taken to permit a public offering of the notes in any jurisdiction. The notes may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act as amended (the “Securities Act”)) unless registered under the U.S. Securities Act or pursuant to an exemption from such registration. Such notes have not been, nor will be, registered under the U.S. Securities Act or any other securities laws.
Not for distribution in the United States and any other jurisdiction where distribution of this press release is restricted by law.