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Coface SA — Capital/Financing Update 2022
Feb 28, 2022
1209_iss_2022-02-28_529ca9c9-7834-4f69-bb17-8331520accd7.pdf
Capital/Financing Update
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PRESS RELEASE
COFACE SA withdraws its proposed tender offer on the €380,000,000 Guaranteed Subordinated 4.125 per cent. Notes due 27 March 2024 and related new issue
Paris, 28 February 2022 – 08.00
Owing to the very significant deterioration of the geopolitical situation during the second half of last week, COFACE SA (the "Company") has decided to withdraw its proposed tender offer on the €380,000,000 Guaranteed Subordinated 4.125 per cent. Notes due 27 March 2024 and related new issue. The Company would like to thank investors for the interest expressed in the transaction so far and looks forward to re-engaging in the future.
PRESS RELEASE
CONTACTS
ANALYSTS / INVESTORS
Thomas JACQUET : +33 1 49 02 12 58 – [email protected] Benoît CHASTEL : +33 1 49 02 22 28 – [email protected]
MEDIA RELATIONS
Saphia GAOUAOUI : +33 1 49 02 14 91 – [email protected] Corentin HENRY : +33 1 49 02 23 94 - [email protected]
FINANCIAL CALENDAR 2021/2022
(subject to change) Q1-2022 results: 28 April 2022 (after market close) Annual General Shareholders' Meeting 2021: 17 May 2022 H1-2022 results: 28 July 2022 (after market close) 9M-2022 results: 27 October 2022 (after market close
FINANCIAL INFORMATION
This press release, as well as COFACE SA's integral regulatory information, can be found on the Group's website: http://www.coface.com/Investors
For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for S1-2021 and our 2020 Universal Registration Document (see part 3.7 "Key financial performance indicators")
COFACE: FOR TRADE
With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Single Risk insurance, Bonding and Information services. Coface's experts work to the beat of the global economy, helping ~50,000 clients build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group's services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2021, Coface employed ~4,538 people and registered a turnover of €1.57 billion.
COFACE SA is quoted in Compartment A of Euronext Paris Code ISIN: FR0010667147 / Mnémonique : COFA
DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 "Main risk factors and their management within the Group" of the Coface Group's 2020 Universal Registration Document filed with AMF on 31 March 2021 under the number D.21-0233 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.