REG-Renewi plc Renewi plc: Launch of Green Bond

RenewiAnnouncement

05/07/2021 14:55

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   Renewi plc (RWI)
   Renewi plc: Launch of Green Bond

   05-Jul-2021 / 14:50 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   THIS  ANNOUNCEMENT  IS  NOT  FOR  PUBLICATION,  DISTRIBUTION  OR  RELEASE,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 

    

                                        

            Renewi plc Retail Bond Launch in Belgium and Luxembourg

                                        

   Renewi plc (LSE: RWI), the international waste-to-product business,  today
   launches a public offer of green  bonds (the "Notes") to retail  investors
   in Belgium and Luxembourg and is targeting an issue size of up to €125m at
   a gross coupon of 3.00 per cent, for a period of six years, to 2027.

    

   Renewi is a  pure play green  company with nearly  all assets deployed  to
   green activities.  Since 2019  the organisation  has been  entirely  green
   funded with bonds and sustainability linked loans. This issue builds  upon
   its previous four issuances in the Belgian retail bond market since 2010.

    

   In accordance with Renewi's  1 Green  Finance Framework, the net  proceeds
   of the Notes will be fully deployed in support of green investments in the
   Circular Economy and  expenditures related to  the category of  "pollution
   prevention and control".   They will enable  Renewi to 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 30 July 2022.  The
   Green Finance Framework describes the use of proceeds, project  selection,
   management of  proceeds  and  reporting.   The   2 second  party  opinion,
   provided by S&P Global Ratings,  confirmed that the framework is  credible
   and impactful  and  aligns  with  the  four  pillars  of  the  Green  Bond
   Principles (2021 edition) and Green Loan Principles (2021 edition), noting
   a best practice approach in key areas.

    

   Renewi is  a  recognised  ESG  leader and  was  recently  awarded  an  ESG
   Evaluation score by S&P Global of 83 out of 100.

    

   The Notes,  which  will have  an  issue price  of  101.875 per  cent,  are
   available in denominations of €1,000, and will be listed on the  regulated
   market of the Luxembourg Stock Exchange. The managers for the  transaction
   are BNP  Paribas Fortis  SA/NV  and ING  Bank  N.V., Belgian  Branch.  The
   subscription period will run from 8 July 2021 and is expected to close  on
   15 July 2021, subject to early closing.

    

   To  view  the  Prospectus  dated  5  July  2021  please  see  our  website
    3 https://www.renewi.com/en/green-bond-2021

    

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

   "We are pleased to be launching  another Green Bond in the Belgian  market
   with this new  issue of up  to €125m.   Renewi has emerged  well from  the
   Covid-19 period with a strong set of results and attractive growth drivers
   for the future.   Our markets are evolving rapidly to address the critical
   challenge of climate  change by  becoming more circular.   Renewi is  well
   positioned to support this transition  with a market leading footprint  of
   assets and technologies to process waste into secondary materials.  In  so
   doing we avoid CO2 emissions and preserve our planet's scarce  resources. 
   New legislation  by  the  EU  and national  and  regional  governments  is
   stimulating the transition to green  and circular economies. At Renewi  we
   have an ever-increasing  pipeline of  innovative investment  opportunities
   that are expected to support the transition."

    

    

   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.

    

   In member states of the European  Economic Area other than Luxembourg  and
   Belgium, this announcement is directed only at persons who are  "qualified
   investors" within the meaning of Regulation (EU) 2017/1129. In the  United
   Kingdom, this announcement is directed only at persons who are  "qualified
   investors" within the  meaning of  Regulation (EU) 2017/1129  as it  forms
   part of domestic  law by  virtue of  the European  Union (Withdrawal)  Act
   2018.  In addition,  in the  United Kingdom, this  communication is  being
   distributed to, and is  directed only at,  persons in circumstances  where
   section 21(1) of  the Financial  Services and  Markets Act  2000 does  not
   apply.

    

    

   Disclaimer - Intended Addressees

    

   Please note  that  the information  contained  in the  Prospectus  may  be
   addressed to and/or  targeted at  persons who are  resident of  particular
   countries (specified in the Prospectus) only  and is not intended for  use
   and should not be relied upon by any person outside these countries and/or
   to whom the offer contained in the Prospectus is not addressed.

    

   Prior to relying on the information  contained in the Prospectus you  must
   ascertain from the Prospectus whether or not you are part of the  intended
   addressees of the information contained therein.

    

   Your right to access this service  is conditional upon complying with  the
   above requirement.

    

    

   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

    

    

    

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   ISIN:           GB0007995243
   Category Code:  PDI
   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.:   115425
   EQS News ID:    1215380


    
   End of Announcement EQS News Service

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