EVR Evraz Plc

TIDMEVR

RNS Number : 1455U

Evraz Plc

27 March 2019

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

27 March 2019

EVRAZ PLC ANNOUNCES TENDER OFFER RESULTS

On 18 March 2019, EVRAZ plc (the "Company") launched an invitation to holders (the "Noteholders") of the U.S.$1,000,000,000 6.50% Notes due 22 April 2020 of which U.S.$700,000,000 in principal amount is currently outstanding (the "Notes"), originally issued by Evraz Group S.A. (which was, on 13 March 2019, substituted by the Company in its capacity as issuer of the Notes), subject to the offer and distribution restrictions and upon the terms and subject to the conditions set forth in a tender offer memorandum dated 18 March 2019 (the "Tender Offer Memorandum"), to tender for purchase for cash any and all of their Notes in accordance with the procedures described therein. The invitation to tender the Notes for purchase is referred to herein as the "Tender Offer".

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

The Company hereby informs Noteholders that (i) the Financing Condition is expected to be satisfied by the Payment Date and (ii) the Company has accepted for purchase the validly tendered Notes at the Purchase Price as set forth in the table below.

 
                                                                                                 Outstanding 
                                                                                                   Principal 
                                                                                                    Amount 
                                             Common                                                Following 
                                           code/ISIN/                          Principal          Settlement 
                      Common code/ISIN      CUSIP for                           Amount of           of the 
    Description        for Regulation       Rule 144A        Purchase        Notes Accepted         Tender 
    of the Notes           S Notes            Notes            Price          for Purchase           Offer 
-------------------  -----------------  ---------------  ----------------  -----------------  ----------------- 
 U.S.$1,000,000,000      080863861/        78394986/       U.S.$1,037.50    U.S.$580,538,000   U.S.$119,462,000 
     6.50% Notes        XS0808638612      US30050AAF03/    per U.S.$1,000 
    due 22 April                            30050AAF0       in principal 
        2020                                                   amount 
                                                               of the 
                                                               Notes 
                     -----------------  ---------------  ----------------  -----------------  ----------------- 
 

On or about 4 April 2019, subject to the conditions described in the Tender Offer Memorandum, the Noteholders will be paid (a) the Purchase Price for the validly tendered and accepted Notes, and (b) the Accrued Interest Amount from (and including) the immediately preceding interest payment date up to but not including the Payment Date.

The Tender Offer has now expired and no further Notes can be tendered for purchase.

The Notes acquired in the Tender Offer will be cancelled.

Notes that have not been successfully tendered for purchase and accepted by the Company pursuant to the Tender Offer and the terms and conditions set out in the Tender Offer Memorandum will remain outstanding and will remain subject to the terms and conditions of such Notes.

For Further Information

Further details about the Tender Offer can be obtained from:

The Joint Dealer Managers

Bank GPB International S.A.

15, rue Bender

L-1229 Luxembourg

Grand Duchy of Luxembourg

Telephone: +7 495 988 2353

Email: dcm@gazprombank.ru

Attention: DCM & Syndicate

ING Bank N.V., London Branch

8-10 Moorgate

London EC2R 6DA

United Kingdom

Telephone: +31 20 563 2132

Email: liability.management@ing.com

Attention: Liability Management Team

J.P. Morgan Securities plc

25 Bank Street

Canary Wharf

London E14 5JP

United Kingdom

Telephone:

+44 20 7134 2468

E-mail: em_europe_lm@jpmorgan.com

Attention: Liability Management

Merrill Lynch International

2 King Edward Street

London EC1A 1HQ

United Kingdom

Telephone: +44 207 996 5420

Email: DG.LM_EMEA@baml.com

Attention: Liability Management Group

Sberbank CIB (UK) Limited

85 Fleet Street

London EC4Y 1AE

United Kingdom

Telephone: +44 20 7936 0412

E-mail: liability_management@sberbank-cib.ru

The Information and Tender Agent

D.F. King Ltd

Email: evraz@dfkingltd.com

Offer Website: https://sites.dfkingltd.com/evraz

In London:

125 Wood Street

London EC2V 7AN

United Kingdom

By telephone: +44 20 7920 9700

In Hong Kong:

Suite 1601, 16/F, Central Tower

28 Queen's Road Central

Hong Kong

Telephone: +852 3953 7230

In New York:

48 Wall Street, 22nd Floor

New York, New York 10005

United States

Banks and Brokers call: +1 212 269 5550

All others call Toll-Free: +1 800 714 3306

By Facsimile Transmission (for Eligible Institutions only): +1 212 709 3328

For Confirmation: +1 212 269 5552

Attention: Andrew Beck

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

March 27, 2019 04:07 ET (08:07 GMT)