Brief: Rallye Launches Global Tender Offer For Its Unsecured Debt

Finatis SA

22/01/2021 06:06

Jan 22 (Reuters) - Rallye SA  GENC.PA :
    * RALLYE LAUNCHES A GLOBAL TENDER OFFER FOR ITS UNSECURED
DEBT AS
PART OF A MODIFIED DUTCH AUCTION PROCEDURE
    * PARIS COMMERCIAL COURT APPROVED RALLYE'S SAFEGUARD PLAN,
WHICH
PROVIDES FOR REPAYMENT OF ITS LIABILITIES TO BE RESCHEDULED
BETWEEN 2023 AND 2030
    * TENDER OFFER, MAXIMUM AMOUNT OF WHICH IS 75 MILLION EUROS,
STARTS TODAY AND WILL EXPIRE ON 5 FEBRUARY 2021, AT 5 P.M (PARIS
TIME)
    * TENDER OFFER WILL BE FINANCED BY A NEW FINANCING REPAYABLE
IN
FINE, CONSISTING OF A BOND ISSUE AND A BANK LOAN, FOR A GLOBAL
TOTAL AMOUNT OF 82,400,000 EUROS
    * NEW FINANCING HAS A MATURITY OF 4 YEARS

Source text for Eikon:  ID:nBw5r9vVLa 
Further company coverage:  GENC.PA 

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