Brief: Piaggio To Refinance Eur 250 Mln Notes, Announces Notes Conditional Redemption

Piaggio & C SpA

25/09/2023 10:03

Sept 25 (Reuters) - Piaggio & C SpA  PIA.MI :
    * REFINANCING OF EURO 250 MILLION SENIOR NOTE
    * LAUNCHED OFFERING OF EUR 250 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF
SENIOR
NOTES DUE  2030
    * PROCEEDS WILL BE USED TO REFINANCE IN FULL ITS EXISTING EUR 250 MILLION IN
AGGREGATE PRINCIPAL AMOUNT OF 3.625% SENIOR NOTES DUE 2025
    * PUBLISH CONDITIONAL NOTICE OF REDEMPTION IN RESPECT OF ALL EXISTING NOTES
    * TO REDEEM EUR 250 MILLION 3.625% SENIOR NOTES 2025
    * IT REDEEMS THE NOTE AT AN AMOUNT IN CASH EQUAL TO THE AGGREGATE REDEMPTION
PRICE
    * REDEMPTION IS CONDITIONAL UPON PIAGGIO TAKING CERTAIN REFINANCING ACTIONS
    * REDEMPTION DATE IS NO LATER OF OCT 5


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