Brief: GBL Launches EUR 500 Mln Bonds Exchangeable Into Existing Pernod Shares

Groep Brussel Lambert NV

21/11/2022 16:58

Nov 21 (Reuters) - GROEP BRUSSEL LAMBERT NV  GBLB.BR :
    * LAUNCHES EUR 500 MILLION BONDS EXCHANGEABLE INTO EXISTING
SHARES
OF PERNOD RICARD SA DUE 2025
    * BONDS WILL HAVE A MATURITY OF 3 YEARS, EXCEPT IN CASE OF
EARLY
REDEMPTION, EXCHANGE OR PURCHASE AND CANCELLATION
    * BONDS ARE EXPECTED TO CARRY A COUPON OF BETWEEN 1.875% AND
2.375% PER ANNUM, PAYABLE ANNUALLY IN ARREAR ON NOVEMBER 29 OF
EACH YEAR
    * OFFERING OF THE BONDS INITIALLY RELATES TO UP TO
APPROXIMATELY
2.0 MILLION PERNOD RICARD SHARES
    * INITIAL EXCHANGE PRICE IS EXPECTED TO BE SET AT A PREMIUM
OF
BETWEEN 30% AND 35% ABOVE THE REFERENCE SHARE PRICE
    * WILL NOT RECEIVE ANY PROCEEDS FROM ANY SALE OF PERNOD
RICARD
SHARES IN CONNECTION WITH THE CONCURRENT DELTA PLACEMENT
    * PROCEEDS OF THE OFFERING WILL BE USED FOR THE GENERAL
CORPORATE
PURPOSES OF GBL
    * EXPECTS TO ANNOUNCE THE FINAL TERMS OF THE BONDS THROUGH A
SEPARATE PRESS RELEASE ONCE THE BOOKBUILDING PROCESS IS
COMPLETED AND SETTLEMENT OF THE BONDS IS EXPECTED TO OCCUR ON
NOVEMBER 29, 2022

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