REG - Coca-Cola HBC Fin BV - Result of Tender Offer

Coca Cola HBC AGAnnouncement

15/05/2019 11:30

RNS Number : 1093Z
Coca-Cola HBC Finance B.V.
15 May 2019
 


NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, 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 OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
15 May 2019
COCA-COLA HBC FINANCE B.V. ANNOUNCES FINAL RESULTS IN RELATION TO ITS INVITATION TO PURCHASE NOTES FOR CASH
Coca-Cola HBC Finance B.V. (the "Company") announces today the final results of its invitation to holders of its €800,000,000 2.375 per cent. Notes due 2020  guaranteed by Coca-Cola HBC AG (the "Notes") to tender such Notes for purchase by the Company for cash (the "Offer").
The Offer was made on the terms and subject to the conditions set out in a tender offer memorandum dated 3 May 2019 (the "Tender Offer Memorandum"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 14 May 2019. As at the Expiration Deadline €236,573,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer.
The Company hereby announces that the New Financing Condition has been satisfied and as such, it has decided to accept all valid tenders of Notes pursuant to the Offer in full with no pro rata scaling. Accordingly, the Company has decided to confirm: (i) the Purchase Price; and (ii) the Final Acceptance Amount, as set out below.




Description of the Notes




ISIN




Aggregate Principal Amount Outstanding




Purchase Price




Final
Acceptance Amount



























€800,000,000 2.375 per cent. Notes due 2020 of Coca-Cola HBC Finance B.V.


XS0944362812


€800,000,000


102.243 per cent.


€236,573,000



Settlement of the Offer and payment of the Purchase Price and Accrued Interest Payment in respect of the Notes accepted for purchase is expected to take place on 17 May 2019. Notes that are not tendered or not accepted for purchase pursuant to the Offer will remain outstanding.
For Further Information
A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. 
Further details about the transaction can be obtained from:
 
The Dealer Managers
Citigroup Global Markets Limited
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom
 
Telephone: +44 20 7986 8969
Attention: Liability Management Group
Email: liabilitymanagement.europe@citi.com
 
Credit Suisse Securities (Europe) Limited
One Cabot Square
Canary Wharf
London E14 4QJ
United Kingdom
Telephone: +44 20 7883 8763
Attention: Liability Management Group
Email: liability.management@credit-suisse.com
 
Société Générale
10 Bishops Square
London E1 6EG
United Kingdom
 
Telephone: +44 20 7676 7951
Attention: Liability Management
Email: liability.management@sgcib.com
 
The Tender Agent
 
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Telephone: +44 20 7704 0880
Attention: David Shilson
Email: cchbc@lucid-is.com
A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.
Disclaimer
The offer period for the Offer has now expired. No further tenders of any Notes may be made pursuant to the Offer. This announcement must be read in conjunction with the Tender Offer Memorandum. None of the Dealer Managers or the Tender Agent or their respective directors, employees or affiliates accepts any responsibility for the accuracy or completeness of the information contained in this announcement or the Tender Offer Memorandum including (without limitation) information concerning the Company for any failure by the Company to disclose events that may have occurred and may affect the significance or accuracy of such information.
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 come into are required by each of the Company, Coca-Cola HBC AG, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.
This announcement is released by Coca-Cola HBC Finance B.V. 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 Mania Kimpezi (Treasury Finance Manager) of Coca-Cola HBC Finance B.V.
 




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