Brief: Rallye Announces Success Of Global Tender Offer Launched On Unsecured Debt

Finatis SA

06/04/2022 17:22

April 6 (Reuters) - Rallye SA  GENC.PA :
    * SUCCESS OF THE GLOBAL TENDER OFFER LAUNCHED BY RALLYE ON
ITS
UNSECURED DEBT
    * CONSIDERING SUCCESS OF TENDER OFFER, PRO RATION FACTOR IS
SET AT
75.64%
    * TOTAL AMOUNT OF UNSECURED DEBT OFFERED BY CREDITORS FOR
PURCHASE
EXCEEDS MAXIMUM AMOUNT OF TENDER OFFER SET AT 37 MILLION EUROS
    * TOTAL NOMINAL AMOUNT OF UNSECURED DEBT PURCHASED UNDER
TENDER
OFFER IS EUR 240.5 MILLION FOR BONDS, EUR 1.8 MILLION FOR OTHER
UNSECURED CLAIMS
    * WILL SPEND EUR 36.6 MILLION OF CASH TO ACQUIRE EUR 242.3
MILLION
OF NOMINAL AMOUNT OF UNSECURED DEBT, REDUCING TOTAL AMOUNT OF
ITS NET FINANCIAL DEBT BY APPROXIMATELY EUR 234.8 MILLION
(INCLUDING ACCRUED INTERESTS)
    * IT IS ANTICIPATED THAT SETTLEMENT OF TENDER OFFER TO OCCUR
AT
BEGINNING OF MAY 2022
    * COMPLETION OF TENDER OFFER IS, INTER ALIA, SUBJECT TO
APPROVAL
BY PARIS COMMERCIAL COURT OF AMENDMENT TO RALLYE'S SAFEGUARD
PLAN IN ORDER TO AUTHORIZE EFFECTIVE COMPLETION OF TENDER OFFER

Source text for Eikon:  urn:newsml:reuters.com:*:nBw8lQZf6a
Further company coverage:  GENC.PA 

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