Brief: Ceconomy Announces Placement Of New Eur 500 Mln Notes
27/06/2024 07:55
June 27 (Reuters) - CECONOMY AG CECG.DE :
* ANNOUNCES THE SUCCESSFUL PLACEMENT OF NEW €500M
SUSTAINABILITY-LINKED FIXED RATE SENIOR UNSECURED NOTES DUE JULY
2029
* NEW NOTES ARE EXPECTED TO BE ISSUED ON 3 JULY 2024,
SUBJECT TO
CUSTOMARY CONDITIONS
* INTENDS TO USE THE GROSS PROCEEDS FROM THE NEW NOTES
OFFERING TO
FUND THE TENDER OFFER FOR ITS EXISTING €500M FIXED RATE SENIOR
UNSECURED NOTES DUE JUNE 2026
* SENIOR UNSECURED NOTES WILL BEAR INTEREST AT A RATE OF
6.250%
PER ANNUM
* ANY UNUTILISED GROSS PROCEEDS WILL BE USED TO REDEEM ANY
REMAINING EXISTING NOTES AT MATURITY OR EARLIER, SUBJECT TO THE
COMPANY’S DISCRETION AND MARKET CONDITIONS
* TENDER OFFER IS EXPECTED TO EXPIRE AT 5:00 PM CEST ON 2
JULY
2024
Further company coverage: CECG.DE
(Gdansk Newsroom)
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