REG - Obrascon Huarte Lain - OHL Tender Offer results <Origin Href="QuoteRef">OHL.MC</Origin>

Obrascon Huarte Lain SAAnnouncement

05/01/2016 13:07

RNS Number : 9342D
Obrascon Huarte Lain, S.A.
29 October 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT. 
NOTICE TO ANNOUNCE RESULTS OF TENDER OFFER FOR NOTES

OBRASCN HUARTE LAIN, S.A. (the "Company" or "OHL") hereby announces, in connection with the notice published on 7 October 2015, the following final results and pricing details of the cash tender offer for notes issued by the Company (the "Tender Offer"):
Notes
ISIN/
Common Code
Series Acceptance Amount
Purchase Price
Accrued Interest Payment per 100,000 principal
Outstanding
Principal Amount following Settlement Date
EUR 300,000,000 7.625% Senior Notes due 2020 
XS0760705631/
76070563
37,583,000
104.30%
1,047. 39
262,417,000
EUR 325,000,000 5.50% Senior Notes due 2023 
XS1206510569/
120651056
8,137,000
93.94%
755.49
316,863,000
None of the tendered EUR 400,000,000 4.750% Senior Notes due 2022 have been accepted for purchase by the Company.
Settlement of the Tender Offer in respect of tender orders accepted for purchase by the Company remains subject to the settlement of the capital increase of the Company with pre-emptive subscription rights announced to the market on 7 October 2015, which results have been announced today (the "Capital Increase").
As set forth in the tender offer memorandum prepared by the Company, settlement of the Tender Offer will take place on the third business day following settlement of the Capital Increase. The Company expects that settlement of the Capital Increase will take place tomorrow, 30 October 2015, and, therefore, that settlement of the Tender Offer would occur on 4 November 2015.
The results of the Tender Offer successfully demonstrate the continuing, strong and long term support of our bondholders to OHL. The Company would like to thank its bondholders for their engagement in the auction, and remains committed to achieving its stated target of using approximately 632.1 million of net proceeds from the Capital Increase to reduce its recourse indebtedness.
Madrid, 29 October 2015



IMPORTANT INFORMATION
The Tender Offer is not carried out in any jurisdiction in which it is unlawful to do so and, in particular, it does not constitute an offer to buy or a solicitation of offers to sell to any person located or resident in the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America or the District of Columbia, nor does it constitute an offer or solicitation to any address within the United States of America. 
The Tender Offer is subject to other applicable restrictions which are further described in the Tender Offer Memorandum. 

This information is provided by RNS
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