Solvay places bonds for an aggregate nominal amount of €600 million and announces its intention to redeem the outstanding ...
August 30 2019 - 12:00PM
Solvay places bonds for an aggregate nominal amount of €600 million
and announces its intention to redeem the outstanding US$800
million notes due 2020 issued by Solvay Finance (America), LLC
Solvay places bonds for an aggregate
nominal amount of €600 million and announces its
intention to redeem the outstanding US$800 million notes due 2020
issued by Solvay Finance (America), LLC
Brussels, August 30, 2019, 18:00
--- Solvay announces today that Solvay SA placed senior
fixed rate bonds for an aggregate nominal amount of €600 million
paying a coupon of 0.5% and having its maturity date in
September 2029. The notes are expected to be listed and
admitted to trading on the regulated market of the Luxembourg Stock
Exchange with ISIN BE6315847804.
Meanwhile, Solvay Finance (America), LLC
announces its intention to redeem its outstanding US$800 million
3.400% notes due 2020 (CUSIP No. US8344PAA7 (Regulation S Notes)
and 834423AA3 (Rule 144A Notes) / ISIN USU8344PAA76 (Regulation S
Notes) and US834423AA33 (Rule 144A Notes)) on 30 September
2019.
“These transactions will together contribute to
an extension of the average maturity of our debt and to reduce our
funding costs, benefiting from constructive market conditions. As
such, they bear testimony to our continued focus on ensuring a
prudent and cost effective capital structure as an integral part of
our value creation strategy” said Karim Hajjar, Solvay’s Chief
Financial Officer.
* * *
This press release does not constitute an offer
to sell, or a solicitation of offers to purchase or subscribe for,
securities in the United States or any other jurisdiction. The
securities referred to herein have not been, and will not be,
registered under the Securities Act of 1933, as amended, and may
not be offered, exercised or sold in the United States or to U.S.
persons absent registration or an applicable exemption from
registration requirements. There is no intention to register any
portion of the offering in the United States or to conduct a public
offering of securities in the United States.
The issue, exercise or sale of securities in the
offering are subject to specific legal or regulatory restrictions
in certain jurisdictions. Solvay assumes no responsibility in the
event there is a violation by any person of such restrictions.
The information contained herein shall not
constitute or form part of an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the securities
referred to herein, in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
Solvay has not authorised any offer to the
public of securities in any Member State of the European Economic
Area (“EEA”).
The securities referred to herein are not
intended to be offered, sold or otherwise made available to, and
should not be offered, sold or otherwise made available to, any
retail investor in the EEA. For these purposes, the expression
“retail investor” means a person who is one (or both) of: (a) a
retail client, as defined in point (11) of Article 4(1) of the
Market and Financial Instruments Directive 2014/65/EU, as amended
(“MiFID II”) or (b) a customer, within the meaning of the Directive
(EU) 2016/97 (as amended) where that customer would not qualify as
a professional client as defined in point (10) of Article 4(1) of
MiFID II.
This communication may only be communicated to
persons in the United Kingdom in circumstances where the provisions
of section 21(1) of the FSMA do not apply to the Issuer and is
directed solely at persons in the United Kingdom who (i) have
professional experience in matters relating to investments, such
persons falling within the definition of “investment professionals”
in Article 19(5) of the FSMA (Financial Promotion) Order 2005, as
amended (the “Financial Promotion Order”) or (ii) are persons
falling within article 49(2)(a) to (d) of the Financial Promotion
Order or other persons to whom it may lawfully be communicated,
(all such persons together being referred to as “relevant
persons”). This communication is directed only to relevant persons
and must not be acted on or relied on by persons who are not
relevant persons.
The securities referred to herein may be held
only by, and transferred only to, eligible investors referred to in
Article 4 of the Belgian Royal Decree of 26 May 1994, holding their
securities in an exempt securities account that has been opened
with a financial institution that is a direct or indirect
participant in the Securities Settlement System operated by the
National Bank of Belgium. The securities are not intended to be
offered, sold or otherwise made available to, and should not be
offered, sold or otherwise made available to, any consumer
(consumenten / consommateurs) within the meaning of the Belgian
Code of Economic Law (Wetboek van economisch recht / Code de droit
économique).
- 20190830_DebtManagement_EN
Solvay (EU:SOLB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Solvay (EU:SOLB)
Historical Stock Chart
From Jul 2023 to Jul 2024