Brief: Mittel launches a voluntary offer for exchange of 2013-2019 bonds

Mittel SpA

06/10/2017 07:50

Oct 6 (Reuters) - MITTEL  MTTI.MI : 
    * SAID ON THURSDAY LAUNCHED VOLUNTARY OFFER FOR EXCHANGE OF 
57.1 MILLION BONDS 
    * OFFER FOR 2013-2019 BONDS WITH A NOMINAL VALUE OF EUR 0.88 
EACH, THE CONSIDERATION CONSISTS OF MAXIMUM 57.1 MILLION 
2017-2023 WITH A NOMINAL VALUE OF EUR 0.895 EACH AND A CASH 
COMPONENT OF 285,295.78 EURO 
    * THE OFFER WILL ENABLE COMPANY TO EXTEND THE AVERAGE LIFE 
EXPECTANCY OF GROSS FINANCIAL DEBT AS WELL AS TO REDUCE THE COST 
OF THE NON-CURRENT INDEBTEDNESS COMPONENT 
    * THE BONDS 2013-2019 INTEREST AT THE FIXED ANNUAL NOMINAL 
RATE IS 6.00 PCT AND BONDS 2017-2023 INTEREST AT THE GROSS 
NOMINAL ANNUAL GROSS FIXED RATE IS 3.75 PCT 
    * THE PREMIUM IN PURCHASE AND EXCHANGE RATIO IS ABOUT 2.3 
PCT OF NOMINAL VALUE 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbNqxdf 
     
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