Brief: Kme Group Approves Issuance Of 2024-2029 Bond Notes

KME SpA

20/05/2024 18:07

May 20 (Reuters) - KME Group SpA  KME.MI :
    * APPROVES  VOLUNTARY TOTAL EXCHANGE OFFER ON 4,297,158
2020-25
BOND NOTES, WITH UP TO 92,818,548 NEW BOND NOTES 2024-29 WITH
TOTAL VALUE OF EUR 92.8 MILLION
    * APPROVES  CONTEXTUAL PUBLIC OFFER IN SUBSCRIPTION OF BOND
NOTES
2024-2029 FOR EUR 57,2 MILLION, WITH POSSIBILITY OF INCREASE UP
TO EUR 150 MILLION
    * 2024-2029 BOND NOTES HAVE 5-YEAR DURATION, ANNUAL RATE OF
AT
LEAST 5.25%
    * EXCHANGE, SUBSCRIPTION OFFERS TO TAKE PLACE CONCURRENTLY,
BY
JULY
    * EXCHANGE OFFER AIMS TO EXTEND DEBT MATURITY, KEEP BALANCED
LIQUIDITY LEVEL


Further company coverage:  KME.MI 

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