Brief: Azerion Places EUR 165 Mln Of Senior Floating Rate Bonds

Azerion NV

14/09/2023 15:24

Sept 14 (Reuters) - Azerion Group NV  AZRN.AS :
    * AZERION SUCCESSFULLY PLACES EUR 165 MILLION OF SENIOR
SECURED
FLOATING RATE BONDS
    * BONDS WILL HAVE A 3-YEAR TENOR, WILL CARRY A FLOATING RATE
COUPON OF 3 MONTHS EURIBOR PLUS 6.75 PER CENT PER ANNUM AND WERE
ISSUED AT 98.5 PER CENT OF PAR
    * SUCCESSFULLY PLACED EUR 165 MILLION OF SENIOR SECURED
FLOATING
RATE BONDS UNDER A FRAMEWORK OF EUR 300 MILLION TO QUALIFIED
INSTITUTIONAL INVESTORS INTERNATIONALLY
    * WILL BE USED TO FULLY REDEEM COMPANY'S OUTSTANDING EUR 200
MILLION SENIOR SECURED FIXED RATE BONDS AND TO FINANCE GENERAL
CORPORATE PURPOSES OF COMPANY
    * SETTLEMENT OF NEW BONDS IS EXPECTED TO TAKE PLACE ON 2
OCTOBER
2023

Source text for Eikon:  ID:nGNE2mW7CF 
Further company coverage:  AZRN.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))