REG-Renewi plc Renewi plc: Correction re Belgium and Luxembourg Retail Bond

RenewiAnnouncement

09/07/2021 13:25

============

   Renewi plc (RWI)
   Renewi plc: Correction re Belgium and Luxembourg Retail Bond

   09-Jul-2021 / 13:24 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   THIS  ANNOUNCEMENT  IS  NOT  FOR  PUBLICATION,  DISTRIBUTION  OR  RELEASE,
   DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN  OR
   IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED  BY
   APPLICABLE LAW 

    

    

    Correction re Renewi plc Belgium and Luxembourg Retail Bond Offer Closes
                                     Early

    

    

   Yesterday's announcement is reissued  below, with the corrected  repayment
   date of the 2022 Bond,  which matures on 16 June  2022 and not on 30  July
   2022.

    

    

                                        

        Renewi plc Belgium and Luxembourg Retail Bond Offer Closes Early

                                        

   Renewi plc (LSE: RWI), the international waste-to-product business,  today
   (8 July 2021) confirms the successful early close of the €125m Green  Bond
   Issue (the "Notes",  ISIN XS2353474401) with  a gross coupon  of 3.00  per
   cent for a period of six years, to 2027.

   This Green funding  will assist  Renewi to support  the Circular  Economy,
   increase recycling rates, increase  secondary material production,  reduce
   CO2 emissions and reduce resource depletion.   The issuance will partially
   refinance existing debt including the €100m Bond which matures on 16  June
   2022. 

   Toby Woolrych, Chief Financial Officer of Renewi plc, commented:

   "We appreciate the strong support from retail and qualified investors  for
   our latest Green  issuance, and we  are pleased to  have closed the  offer
   early as a  result.  We now  have long  term green financing  in place  to
   support our ambitious plans  to invest in  the Benelux circular  economy. 
   Renewi is on a  mission to increase our  recycling rates from the  current
   industry-leading 66% to 75%  by 2025.  We  have identified investments  in
   advanced sorting, in building materials production, in mattress recycling,
   in plastics recycling, in the  production of Bio-LNG, amongst many  others
   that are making  a real  difference to  advance the  Circular Economy,  to
   reduce CO2 emissions and to reduce resource depletion."

   Terms used herein shall have the  meaning given to them in the  Prospectus
   dated 5 July 2021  (the "Prospectus") relating to  the Notes. The  maximum
   aggregate nominal amount of €125m was over subscribed and the Offer Period
   relating to the Notes closed early  at 1730 CET 8 July 2021.  Accordingly,
   Notes  can  no  longer  be  subscribed  for  pursuant  to  the  offer  and
   acceptances can no longer be withdrawn.

    

   THIS ANNOUNCEMENT IS  NEITHER AN OFFER  TO SELL NOR  A SOLICITATION OF  AN
   OFFER TO BUY ANY OF THE BONDS REFERRED TO HEREIN AND SHALL NOT  CONSTITUTE
   AN OFFER, SOLICITATION NOR SALE IN  ANY JURISDICTION IN WHICH SUCH  OFFER,
   SOLICITATION OR SALE IS UNLAWFUL, INCLUDING BUT NOT LIMITED TO THE  UNITED
   STATES, AUSTRALIA, CANADA OR JAPAN.

   THE BONDS REFERRED TO  IN THIS DOCUMENT  HAVE NOT BEEN,  AND WILL NOT  BE,
   REGISTERED UNDER THE US SECURITIES ACT  OF 1933 (THE "SECURITIES ACT")  OR
   UNDER THE SECURITIES LEGISLATION  OF ANY STATE OF  THE UNITED STATES,  AND
   MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OTHER THAN PURSUANT TO  AN
   EXEMPTION FROM,  OR IN  A  TRANSACTION NOT  SUBJECT TO,  THE  REGISTRATION
   REQUIREMENTS OF THE SECURITIES ACT. THE  ISSUER DOES NOT INTEND TO MAKE  A
   PUBLIC OFFER  OF  SECURITIES IN  THE  UNITED  STATES OR  TO  REGISTER  ANY
   SECURITIES UNDER THE SECURITIES ACT.

    

    

   For further information

   Paternoster Communications

   +44 (0)20 3012 0241

   Tom Buchanan

   Ben Honan

   About Renewi

    

   Renewi is a leading waste to product  company that gives new life to  used
   materials every  day.  We  have  around 6,500  employees  working  at  165
   operating sites across Europe. Our extensive operational network means  we
   are always close to our customers.

    

   For Renewi, waste is a state of  mind, and an opportunity. Our many  years
   of knowledge  and experience,  combined with  a broad  range of  services,
   allow us  to  offer sustainable,  practical  recycling solutions.  We  use
   innovation and the latest technology  to turn waste into useful  materials
   such as paper,  metal, plastic, glass,  wood, building materials,  compost
   and energy. In  other words,  we turn  today's waste  into tomorrow's  raw
   materials. The  result of  our work  is less  waste and  contamination,  a
   smarter use of scarce raw materials, and a reduction in carbon  emissions.
   This means that we are contributing  towards a cleaner, circular world  in
   which we "waste no more".

    

   www.renewiplc.com

   ══════════════════════════════════════════════════════════════════════════

   ISIN:           GB0007995243
   Category Code:  MSCL
   TIDM:           RWI
   LEI Code:       213800CNEIDZBL17KU22
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   116515
   EQS News ID:    1217359


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    1 fncls.ssp?fn=show_t_gif&application_id=1217359&application_name=news&site_id=refinitiv2

References

   Visible links


============