Brief: Bigben Interactive Launches Offering Of Nacon Convertible Bonds

Nacon SAS

12/02/2021 07:33

Feb 12 (Reuters) - Bigben Interactive SA  BGBN.PA :
    * LAUNCHES AN OFFERINGOF EUR 85 MILLION SENIOR CONDITIONALLY
SECURED BONDSEXCHANGEABLE INTO SHARES OF NACON
    * BONDS WILL HAVE A MATURITY OF 5 YEARS AND WILL BEAR
INTEREST
BETWEEN 1.00% AND 1.25% AND WILL BE ISSUED AT PAR
    * BONDS WILL BE REDEEMED AT MATURITY AT A PRICE
CORRESPONDING TO
103% OF THEIR NOMINAL VALUE
    * NOMINAL UNIT VALUE OF BONDS WILL BE SET AT A PREMIUM OF
BETWEEN
20% AND 25% ABOVE COMPANY'S REFERENCE SHARE PRICE
    * BIGBEN CURRENTLY DIRECTLY HOLDS 76.67% IN NACON.
    * JOINT GLOBAL COORDINATORS AND JOINT BOOKRUNNERS WILL
ORGANIZE A
CONCURRENT ACCELERATED BOOKBUILDING OF EXISTING SHARES OF NACON
    * NUMBER OF SHARES OF NACON SOLD AS PART OF CONCURRENT
ACCELERATED
BOOKBUILDING IS ESTIMATED NOT TO EXCEED 3,5 MILLION SHARES
    * PRICE OF NACON'S SHARES SOLD IN CONCURRENT ACCELERATED
BOOKBUILDING ARE EXPECTED TO BE ANNOUNCED LATER TODAY

Source text for Eikon:  ID:nGNE9QT66S 
Further company coverage:  BGBN.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))