SFL Successfully Prices €99 Million Bonds to Be Assimilated
May 31 2022 - 12:25PM
Business Wire
Regulatory News:
SFL (Paris:FLY):
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA,
JAPAN, SOUTH AFRICA, AUSTRALIA OR IN ANY JURISDICTION IN WHICH THE
OFFER OF THE BONDS IS UNLAWFUL
Today, SFL successfully priced its issue of €99 million bonds
maturing on 5 June 2027 with an annual coupon of 1.50% (the
"New Bonds"). The New Bonds will be assimilated with
the €500 million bonds issued by SFL on 5 June 2020 (ISIN:
FR0013515871) (the "Existing Bonds").
In accordance with the resolutions approved on 3 February 2022
by the general meeting of the holders of the Existing Bonds, an
amount equivalent to the principal amount of the New Bonds shall be
allocated by SFL to the financing or the refinancing of a portfolio
of green assets meeting the environmental criteria described in
more detail in the green financing framework (as may be amended and
supplemented) available on SFL’s website.
The settlement of the New Bonds is expected to take place on 7
June 2022. The New Bonds will be listed on the regulated market of
Euronext Paris. Pursuant to the exemption to the obligation to
publish a prospectus provided by Article 1 paragraph 5.(a) of
Regulation (EU) 2017/1129 of the European Parliament and of the
Council, no prospectus was prepared by SFL or approved by the
Autorité des marchés financiers or any other competent authority
for the purpose of issuing the New Bonds. The terms and conditions
of the New Bonds will be available on SFL's website at the
following address: https://www.fonciere-lyonnaise.com.
SFL is rated BBB+ with a stable outlook by Standard &
Poor's.
About SFL
Leader in the prime segment of the Parisian commercial real
estate market, Société Foncière Lyonnaise stands out for the
quality of its property portfolio, which is valued at €8.1 billion
and is focused on the Central Business District of Paris
(#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the
quality of its client portfolio, which is composed of prestigious
companies in the consulting, media, digital, luxury, finance and
insurance sectors. As France’s oldest property company, SFL
demonstrates year after year an unwavering commitment to its
strategy focused on creating a high value in use for users and,
ultimately, substantial appraisal values for its properties.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN
FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB+ stable outlook
www.fonciere-lyonnaise.com
IMPORTANT INFORMATION
This press release may not be released, published or
distributed, directly or indirectly, in or into the United States
of America, Australia, Canada, South Africa or Japan. The
distribution of this press release may be restricted by law in
certain jurisdictions and persons into whose possession any
document or other information referred to herein comes, should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
No communication or information relating to the offering of the
New Bonds may be transmitted to the public in a country where there
is a registration obligation or where an approval is required. No
action has been or will be taken in any country in which such
registration or approval would be required. The issuance or the
subscription of the New Bonds may be subject to legal and
regulatory restrictions in certain jurisdictions; SFL assumes no
liability in connection with the breach by any person of such
restrictions.
This press release is an advertisement and not a prospectus
within the meaning of Regulation (EU) 2017/1129 (as amended, the
"Prospectus Regulation") and Regulation (EU) 2017/1129 as it
forms part of domestic law in the United Kingdom by virtue of the
European Union (Withdrawal) Act 2018 (the "UK Prospectus
Regulation").
This press release is not an offer to the public, an offer to
subscribe or designed to solicit interest for purposes of an offer
to the public other than to qualified investors in any
jurisdiction, including France.
The New Bonds have been offered only by way of a placement in
France and outside France (excluding the United States of America,
Australia, Canada, South Africa and Japan), solely to qualified
investors as defined in point (e) of Article 2 of the Prospectus
Regulation and Article 2 of the UK Prospectus Regulation and there
will be no public offering in any country (including France) in
connection with the New Bonds, other than to qualified investors.
This press release does not constitute a recommendation concerning
the issue of the New Bonds. The value of the New Bonds can decrease
as well as increase. Potential investors should consult a
professional adviser as to the suitability of the New Bonds for the
person concerned.
France
The New Bonds have not been and will not be offered or sold or
caused to be offered or sold, directly or indirectly, to the public
in France other than to qualified investors. Any offer or sale of
the New Bonds and distribution of any offering material relating to
the New Bonds have been and will be made in France only to
qualified investors as defined in point (e) of Article 2 of the
Prospectus Regulation.
United States of America
This press release may not be released, published or distributed
in or into the United States of America (including its territories
and dependencies, any State or other jurisdiction of the United
States of America and the District of Columbia). This press release
does not constitute or form a part of an offer of securities for
sale or of any offer or solicitation to purchase securities in the
United States of America. The New Bonds mentioned herein have not
been, and will not be, registered under the U.S. Securities Act of
1933 (the "Securities Act") or the law of any State or other
jurisdiction of the United States of America and may not be offered
or sold in the United States of America except pursuant to an
exemption from, or a transaction not subject to, the registration
requirements of the Securities Act and in compliance with
applicable state securities laws. The New Bonds are and will be
offered or sold only in “offshore transactions” outside of the
United States of America, in accordance with Regulation S under the
Securities Act. SFL does not intend to register any portion of the
proposed offering in the United States of America and no public
offering will be made in the United States of America.
www.fonciere-lyonnaise.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220531005822/en/
SFL - Thomas Fareng - T +33 (0)1 42 97 27 00 -
t.fareng@fonciere-lyonnaise.com
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