Capital/Financing Update • Jun 15, 2015
Capital/Financing Update
Open in ViewerOpens in native device viewer
MOTA-ENGIL, SGPS, S.A. ("MOTA-ENGIL") hereby informs that, under the terms of the prospectus disclosed on the date hereof, it will issue up to 190 000 new notes, with a nominal amount of €500 each and a global nominal amount of up to €95,000,000, maturing on 3 February 2020 and with a gross fixed interest rate of 3.90% per annum, to be admitted to trading on Euronext Lisbon ("New Notes").
The New Notes will be placed through (i) a public offering of up to 140,000 New Notes, with a global nominal amount of up to €70,000,000, and (ii) a partial and voluntary public exchange offer targeting up to 50,000 "MOTA-ENGIL Fixed Rate Notes 2013/2016", with a nominal amount of €500 each and a global nominal amount of up to €25,000,000. For the purposes of the exchange, to each MOTA-ENGIL Fixed Rate Note 2013/2016 will correspond, as consideration, a New Note and a cash premium in the amount of €14.64, in the terms set forth in the prospectus. The up to 140,000 New Notes to be issued in the context of the public subscription offer and the up to 50,000 New Notes to be delivered as consideration within the public exchange offer will be fungible among themselves. The aforementioned public offers are foreseen to take place between 17 and 30 June 2015 and to be settled on 3 July 2015.
The maximum global amount of notes subject to the public subscription offer and the public exchange offer may be increased in the terms that are described in the relevant prospectus, which may be consulted on www.cmvm.pt and www.mota-engil.pt.
Through the public subscription offering, MOTA-ENGIL envisages raising funds to finance its current activity and international expansion, as well as to carry on the strategy of increasing the maturity of its debt, so as to better reconcile it with the cash flow generation. The public exchange offer envisages allowing MOTA-ENGIL to replace part of its debt maturing in 2016 by debt maturing in 2020.
Caixa – Banco de Investimento, S.A. is the financial intermediary acting as the global coordinator and arranger in the public offering and the exchange offer.
Oporto, 15 June 2015 HEAD OF INVESTOR RELATIONS LUÍS SILVA
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.