Brief: Mota Engil Launches Subscription Offer And Bond Issue

Mota-Engil, SGPS

27/11/2023 06:26

Nov 27 (Reuters) - Mota Engil  MOTA.LS :
    * LAUNCHES A NEW SUBSCRIPTION OFFER OF BOOK-ENTRY AND
NOMINATIVE
NOTES, WITH A NOMINAL AMOUNT OF 1,000 EUROS, A MINIMUM AGGREGATE
NOMINAL AMOUNT OF 50.0 MILLION EUROS AND A MAXIMUM AGGREGATE
NOMINAL AMOUNT OF 60.0 MILLION EUROS
    * THE NOTES MAY BE SUBSCRIBED IN CASH AT THEIR NOMINAL
AMOUNT
AND/OR IN KIND, THROUGH THE EXCHANGE OF NOTES, WITH A NOMINAL
AMOUNT OF 250 EUROS AND WITH AN AGGREGATE NOMINAL AMOUNT
OUTSTANDING OF 84.0 MILLION EUROS, ISSUED ON OCTOBER 30, 2019,
WITH FINAL MATURITY DATE ON OCTOBER 30, 2024, WITH A FIXED
INTEREST RATE OF 4.375% PER ANNUM
    * THE NOTES MAY BE SUBSCRIBED IN CASH AT THEIR NOMINAL
AMOUNT
AND/OR IN KIND, THROUGH THE EXCHANGE OF NOTES WITH A NOMINAL
AMOUNT OF 500 EUROS AND WITH AN AGGREGATE NOMINAL AMOUNT
OUTSTANDING OF 132.0 MILLION EUROS, ISSUED ON DECEMBER 2, 2021,
WITH FINAL MATURITY DATE ON DECEMBER 2, 2026, WITH A FIXED
INTEREST RATE OF 4.25% PER ANNUM
    * THE NEW BOND ISSUE MOTA-ENGIL 2028 NOTES, TO BE PLACED
WITH
QUALIFIED INVESTORS 
    * THE BOND ISSUE IS TO FINANCE THE COMPANY'S CURRENT
ACTIVITY AND
INTERNATIONAL EXPANSION, AS WELL AS TO PURSUE ITS STRATEGY OF
DIVERSIFYING THE SOURCES OF FINANCING AND LENGTHENING OF ITS
DEBT MATURITY
    * THE OFFER WILL OCCUR BETWEEN NOVEMBER 27 AND DECEMBER 4 
    * HAITONG BANK ACTS AS GLOBAL COORDINATOR AND BOOKRUNNER IN
THIS
TRANSACTION

        
 Source text: https://tinyurl.com/yc2p9yrt
 Further company coverage:  MOTA.LS  

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