REG - Atlas Copco AB - Results of Tender Offer

Atlas Copco ABAnnouncement

04/02/2022 10:55

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RNS Number : 7576A  Atlas Copco AB  04 February 2022

Atlas Copco AB announces Results of Tender Offer in respect of its

€500,000,000 2.500 per cent. Notes due 28 February 2023

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF
THE MARKET ABUSE REGULATION (EU) 596/2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON
LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED
STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY
U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE
OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

4 February 2022.  Atlas Copco AB (the Company) announces today the results of
its invitation to holders of the outstanding €500,000,000 2.500 per cent.
Notes due 28 February 2023 (ISIN: XS0896144655) (the Notes), issued by the
Company, to tender any and all of their Notes for purchase by the Company for
cash (such invitation the Offer).

The Offer was announced on 28 January 2022, and was made on the terms and
subject to the conditions contained in the tender offer memorandum dated 28
January 2022 (the Tender Offer Memorandum) prepared by the Company.
Capitalised terms used in this announcement but not defined have the meanings
given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 3
February 2022.

As at the Expiration Deadline, €186,165,000 in aggregate nominal amount of
the Notes had been validly tendered pursuant to the Offer. The Company will,
subject to satisfaction or waiver of the New Financing Condition on or prior
to the Settlement Date, accept for purchase all validly tendered Notes in
full. Following settlement of the Offer, €313,835,000 in aggregate nominal
amount of the Notes will remain outstanding.

A summary of the final pricing and acceptance of the Offer appears below:

 

 Aggregate nominal amount accepted for purchase  Purchase Yield   Purchase Price     Accrued Interest
 €186,165,000                                    -0.45 per cent.  103.126 per cent.  2.363 per cent.

Subject to satisfaction or waiver of the New Financing Condition, the
Settlement Date in respect of those Notes accepted for purchase pursuant to
the Offer is expected to be 8 February 2022.  The Company will also pay an
Accrued Interest Payment in respect of Notes accepted for purchase pursuant to
the Offer.

BNP Paribas and Skandinaviska Enskilda Banken AB (publ) are acting as Dealer
Managers for the Offer and Lucid Issuer Services Limited is acting as Tender
Agent.

 

 The Dealer Managers

 BNP Paribas                                  Skandinaviska Enskilda Banken AB (publ)
 16, boulevard des Italiens                   Kungsträdgårdsgatan 8

 75009 Paris                                  SE-106 40 Stockholm

 France                                       Sweden

 Telephone: +33 1 55 77 78 94                 Telephone: +46 8 506 231 31

 Email: liability.management@bnpparibas.com   Email: liabilitymanagementdcm@seb.se

 Attention: Liability Management Group        Attention: Liability Management

 The Tender Agent

 Lucid Issuer Services Limited

 The Shard

 32 London Bridge Street

 London SE1 9SG

 United Kingdom

 Telephone +44 20 7704 0880

 Email: atlascopco@lucid-is.com

 Attention: Owen Morris

 Website: https://deals.lucid-is.com/atlascopco

This announcement is released by the Company and contains information that
qualified or may have qualified as inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing
information relating to the Offer described above. For the purposes of MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Daniel Althoff, Vice President: Investor Relations,
Company Secretary at the Company.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer
Memorandum.  No offer or invitation to acquire any securities is being made
pursuant to this announcement.  The distribution of this announcement and the
Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Company, the Dealer Managers and
the Tender Agent to inform themselves about, and to observe, any such
restrictions.

 

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