Kaufman & Broad SA : INAUGURAL "EURO PP" ISSUE OF € 150 MILLION
May 17 2017 - 12:02PM
This press release
is not to be published, transmitted or distributed, directly or
indirectly, in the United States, Australia, Canada or
Japan.
INAUGURAL "EURO PP"
ISSUE OF € 150 MILLION
Neuilly-sur-Seine, May 18th, 2017
Kaufman & Broad announces that it
has issued his first "EuroPP" bond of € 150 million in a private
placement to institutional investors in Europe. This private
placement breaks down into € 50 million at 7 years (maturing
in May 2024) and € 100 million at 8 years (maturing in May
2025).
The bonds issued will be admitted to
trading on the Marché Libre of Euronext Paris
under the ISIN codes FR0013256328 and FR0013256336
This bond issue will be used to
refinance the existing bank debt up to € 100 million and provide
the Group with new financial resources to support its growth.
This transaction will also enable the
Group to diversify its sources of financing, benefit from favorable
market conditions and substantially extend the average maturity of
its debt.
This press release
is available from the website www.kaufmanbroad.fr
Chief Financial
Officer
Bruno Coche
+33 1.41.43.44 73
Infos-invest@ketb.com |
Press Relations |
Camille Petit
Burson-Marsteller
+33 1.56 03 12 80
contact.presse@ketb.com |
About Kaufman
& Broad - For nearly 50 years,
Kaufman & Broad has been designing, developing,
building and selling single-family homes in communities,
apartments, and offices on behalf of third parties. Its size and
profitability, combined with its strong brand name, have made
Kaufman & Broad one of France's leading
developer-homebuilders.
Disclaimer
This press release is for information purposes
only and does not constitute an offer to sell or a solicitation to
purchase any securities in any jurisdiction. The securities
referred to in this press release have not been and will not be
offered to the public.
This press release is not an offer for sale within
the United States of any security of Kaufman & Broad or any of
its affiliates. Securities of Kaufman & Broad or any of its
affiliates may not be offered or sold in the United States absent
registration under the U.S. Securities Act of 1933, as amended, or
unless exempt from such registration.
Release, publication or distribution of
this press release is forbidden in any
jurisdiction where such release, publication or distribution would
violate applicable laws or regulations.
EuroPP KB SA UK
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Kaufman & Broad SA via Globenewswire
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