Brief: Sonae Issues 400 Mln Euros In Bonds To Finance Acquisition Of Musti

Sonae SGPS SA

01/03/2024 17:40

March 1 (Reuters) - Sonae SGPS SA  YSO.LS :
    * PROCEEDS WITH ISSUANCE OF BONDS, ON FEB 27 AND MARCH 1, 2024, IN AMOUNT OF 275 MILLION
EUROS
(SERIES 1) AND OF EUR 125 MILLION EUROS (SERIES 2), RESPECTIVELY
    * TOTAL OF 400 MILLION EUROS MATURING ON NOVEMBER 27, 2028, THROUGH PRIVATE SUBSCRIPTION AND
WITHOUT GUARANTEES
    * COMPLETION OF THIS OPERATION ALLOWS SONAE TO STRUCTURALLY FINANCE NECESSARY FUNDS TO
PURSUE ITS
STRATEGIC OBJECTIVES, WHILE MAINTAINING AN ADEQUATE MATURITY OF ITS LONG-TERM DEBT
    * ISSUANCES WERE MADE UNDER FINANCING AGREEMENT UP TO 600 MILLION EUROS, TO FINANCE
VOLUNTARY
PUBLIC OFFER FOR ACQUISITION OF SHARES OF MUSTI GROUP PLC

Source text: https://tinyurl.com/4wa74b2x  urn:newsml:reuters.com:*:nFWN3F72PG
Further company coverage:  YSO.LS 

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