Prospectus • Jul 19, 2018
Prospectus
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
RNS Number : 2178V
ContourGlobal PLC
19 July 2018
ContourGlobal plc
ContourGlobal Announces Pricing of Private Offering of Senior Secured Notes
July 19, 2018 - Luxembourg: ContourGlobal Power Holdings S.A. (the "Issuer") today announced the pricing of its previously announced offering of €450 million aggregate principal amount of 3.375% senior secured notes due 2023 (the "2023 Notes") and €300 million aggregate principal amount of 4.125% senior secured notes due 2025 (the "2025 Notes" and collectively, the "Notes") in a private offering to eligible purchasers. The aggregate size of the offering reflects an increase of €50 million from the previously announced offering size of €700 million to €750 million. The offering is expected to close on or about July 26, 2018.
The Issuer intends to use the net proceeds from the offering to refinance its senior secured notes due 2021, pay related fees and expenses and for general corporate purposes.
The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and, outside the United States, to non-U.S. investors pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
About ContourGlobal
The Issuer is an indirect wholly-owned subsidiary of ContourGlobal plc, listed on the premium segment of the London Stock Exchange (TKR: GLO) (together with its subsidiaries, "ContourGlobal"). ContourGlobal is an international owner and operator of contracted wholesale power generation businesses with approximately 4,312 MW in operation in 18 countries and three continents. ContourGlobal operates a portfolio of 101 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies.
Forward Looking Statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. The Issuer undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in ContourGlobal's business or to reflect the occurrence of unanticipated events.
Enquiries:
Investor Relations - ContourGlobal plc
Gregory Johnson
Tel: +44 (0) 207 355 7321
Media - Brunswick
Charles Pretzlik / Simon Maine
Tel: +44 (0) 207 404 5959
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
END
IODDMGMNKLGGRZM
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.