Capital/Financing Update • Mar 19, 2018
Capital/Financing Update
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THIS DOCUMENT IS FOR INFORMATION PURPOSES ONLY. THIS IS NOT AN OFFERING MEMORANDUM OR PROSPECTUS AND SHOULD NOT BE TREATED AS OFFERING MATERIAL OF ANY SORT. NOT FOR DISTRIBUTION OR RELEASE IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
Amsterdam, The Netherlands / 19 March 2018
Following the invitation dated 16 March 2018 (such invitation, the "Offer") to holders (the "Bondholders") of its €339,000,000 3.875% Senior Unsecured Convertible Bonds due 2018 (the "Bonds") that are eligible holders to tender their Bonds for purchase, OCI N.V. (the "Company") would like to announce that it has received soft-commitments for more than 85% of the convertible bond notional.
The Buyback offer is expected to close today, 19 March 2018, at 5.45pm CET and the Company will then announce the final results of the Buyback.
All tender instructions relating to the Bonds in the Offer shall be subject to the terms and conditons of the annoucement of the invitation to tender dated 16 March 2018, including the Deemed Representations, Warranties and Undertakings by Bondholders submitting Tender Instructions in the Offer" set out as Annex 1 to such annonucement.
J.P. Morgan Securities plc acted as dealer manager (the "Dealer Manager") in respect of the Offer.
The Dealer Manager and its respective affiliates have provided, from time to time, and in the future may provide, certain commercial banking, investment banking and financial advisory services to the Company and its affiliates, for which they have received, and in the future will receive, customary fees. In the future, they may also provide investment banking and financial advisory services to the Company and its affiliates for customary fees. At any given time, the Dealer Manager may trade Bonds or other securities of the Company for its own account or for the accounts of customers, and, accordingly, may hold a long or short position in the Bonds or other securities of the Company, and may tender securities as part of the Offer.
This announcement is released by OCI N.V. and contains information that qualified or may have qualified as "inside information" for the purposes of Article 7 of the Market Abuse Regulations (EU) 596/2014 (MAR) encompasing information relating to the offer described above.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Hassan Badrawi, Chief Financial Officer of OCI N.V..
to:
OCI N.V. Honthorststraat 19 1071 DC Amsterdam The Netherlands
J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP United Kingdom
Attention: ECM Syndicate Telephone: +44 207 134 2650 Email: Eql\[email protected]
Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom Telephone: +44 (0)20 7704 0880 Attention: Arlind Bytyqi / Paul Kamminga Email: [email protected]
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