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Piaggio & C
Capital/Financing Update • Sep 26, 2023
4466_rns_2023-09-26_dbe160dd-53e2-4ca3-b268-1d758301eddf.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0835-42-2023 |
Data/Ora Inizio Diffusione 26 Settembre 2023 08:31:36 |
Euronext Milan | ||
|---|---|---|---|---|
| Societa' | : | PIAGGIO & C. | ||
| Identificativo Informazione Regolamentata |
: | 181471 | ||
| Nome utilizzatore | : PIAGGION05 - LUPOTTO |
|||
| Tipologia | : | 2.2 | ||
| Data/Ora Ricezione | : | 26 Settembre 2023 08:31:35 | ||
| Data/Ora Inizio Diffusione |
: | 26 Settembre 2023 08:31:36 | ||
| Oggetto | : | GRUPPO PIAGGIO: STANDARD & POOR'S ALZA L'OUTLOOK A POSITIVO |
||
| Testo del comunicato |
Vedi allegato.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL
COMUNICATO STAMPA
GRUPPO PIAGGIO: STANDARD & POOR'S ALZA L'OUTLOOK A POSITIVO
CONFERMATO IL RATING A "BB-"
Pontedera, 26 settembre 2023 – L'Agenzia di rating Standard & Poor's Global Ratings (S&P) ha comunicato la revisione dell'Outlook sul Gruppo Piaggio (PIA.MI), alzandolo da "stabile" a "positivo".
Secondo quanto comunicato dagli analisti di Standard & Poor's, "l'Outlook positivo, che sottintende un potenziale upgrade nei prossimi 6-12 mesi, riflette l'atteso miglioramento dei risultati operativi di Piaggio e la convinzione che la società possa mantenere parametri di credito commisurati a un rating più elevato".
Gli analisti di Standard & Poor's hanno inoltre confermato il Rating "BB-" sul Gruppo Piaggio, assegnando il medesimo rating anche alle nuove obbligazioni senior da 250 milioni di euro che Piaggio ha offerto in sottoscrizione a investitori istituzionali da ieri (25 settembre 2023).
Il testo integrale del relativo comunicato stampa di Standard & Poor's Global Ratings è disponibile sul sito dell'agenzia www.standardandpoors.com.
Per ulteriori informazioni:
Ufficio Stampa Corporate Gruppo Piaggio Diego Rancati Via Broletto, 13 - 20121 Milano +39 366.6267720 [email protected]
Investor Relations Gruppo Piaggio Raffaele Lupotto Viale Rinaldo Piaggio, 25 56025 Pontedera (PI) +39 0587.272286 [email protected] piaggiogroup.com
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This press release does not constitute an offer to sell securities in the United States of America. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), subject to prevailing market and other conditions. There is no assurance that the offering will be completed or, if completed, as to the terms on which it is completed. The securities mentioned herein have not been and will not be registered under the Securities Act, as amended (the "Securities Act") or under any other securities laws of any state of the United States of America or in Australia, Canada or Japan, or in any other jurisdiction in which such offer or solicitation is subject to the approval of the local authorities or would, in any event, be unlawful and such securities may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. Any public offering of securities to be made in the United States will be made by means of an offering memorandum that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements.
In Member States of the European Economic Area (the "EEA"), this release is only intended for and may only be addressed to persons classified as "qualified investors" pursuant to article 2(e) of Regulation (EU) 2017/1129.
In the United Kingdom, this release is only intended for and may only be addressed to persons classified as "qualified investors" pursuant to article 2(e) of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "EUWA").
This release does not constitute an offer to sell or a solicitation to purchase financial instruments. No action has been or will be taken to allow a public offering of the bonds in any jurisdiction. This release (and the information contained herein) may not be published or distributed, directly or indirectly, in the United States of America, or in Australia, Canada or Japan, or in any other country in which such publication or distribution would be subject to the approval of the local authorities or would, in any event, be unlawful.
Within the United Kingdom, this announcement is directed only at persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The investment or investment activity to which this announcement relates is only available to and will only be engaged in with relevant persons and persons who receive this announcement who are not relevant persons should not rely or act upon it.
MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 has been prepared as the offer is not addressed to retail investors.
UK MiFIR professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 as it forms part of UK domestic law by virtue of the EUWA has been prepared as the offer is not addressed to retail investors.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL
PRESS RELEASE
PIAGGIO GROUP: STANDARD & POOR'S IMPROVES OUTLOOK TO POSITIVE
RATING "BB-" AFFIRMED
Pontedera, September 26, 2023 – The rating agency Standard & Poor's Global Ratings (S&P) has communicated the revision of the outlook of the Piaggio Group (PIA.MI), raising it from "stable" to "positive".
According to what was communicated by Standard & Poor's analysts, "The positive outlook, which indicates the potential for an upgrade over the next 6-12 months, reflects the expected improvement in Piaggio's operating performance and the belief that the company could retain credit metrics commensurate with a higher rating."
Standard & Poor's analysts have also affirmed the Piaggio Group rating "BB-", assigning same rating to the proposed Euro 250 million senior notes that Piaggio launched on September 25, 2023.
The full text of the relevant Standard & Poor's Global Ratings press release is available on the agency's website www.standardandpoors.com.
For further information:
Piaggio Group Corporate Press Office Director Diego Rancati Via Broletto, 13 - 20121 Milan +39 02 319612 19 [email protected]
Piaggio Group Investor Relations Director Raffaele Lupotto Viale Rinaldo Piaggio, 25 56025 Pontedera (PI) +39 0587.272286 [email protected] piaggiogroup.com
***
This press release does not constitute an offer to sell securities in the United States of America. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), subject to prevailing market and other conditions. There is no assurance that the offering will be completed or, if completed, as to the terms on which it is completed. The securities mentioned herein have not been and will not be registered under the Securities Act, as amended (the "Securities Act") or under any other securities laws of any state of the United States of America or in Australia, Canada or Japan, or in any other jurisdiction in which such offer or solicitation is subject to the approval of the local authorities or would, in any event, be unlawful and such securities may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. Any public offering of securities to be made in the United States will be made by means of an offering memorandum that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements.
In Member States of the European Economic Area (the "EEA"), this release is only intended for and may only be addressed to persons classified as "qualified investors" pursuant to article 2(e) of Regulation (EU) 2017/1129.
In the United Kingdom, this release is only intended for and may only be addressed to persons classified as "qualified investors" pursuant to article 2(e) of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "EUWA").
This release does not constitute an offer to sell or a solicitation to purchase financial instruments. No action has been or will be taken to allow a public offering of the bonds in any jurisdiction. This release (and the information contained herein) may not be published or distributed, directly or indirectly, in the United States of America, or in Australia, Canada or Japan, or in any other country in which such publication or distribution would be subject to the approval of the local authorities or would, in any event, be unlawful.
Within the United Kingdom, this announcement is directed only at persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The investment or investment activity to which this announcement relates is only available to and will only be engaged in with relevant persons and persons who receive this announcement who are not relevant persons should not rely or act upon it.
MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 has been prepared as the offer is not addressed to retail investors.
UK MiFIR professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 as it forms part of UK domestic law by virtue of the EUWA has been prepared as the offer is not addressed to retail investors.