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Pirelli & C — Capital/Financing Update 2018
Mar 15, 2018
4052_rns_2018-03-15_04c4ea05-6f53-457e-b22c-6698e4858b94.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0206-21-2018 |
Data/Ora Ricezione 15 Marzo 2018 10:12:43 |
MTA | |
|---|---|---|---|
| Societa' | : | PIRELLI & C. | |
| Identificativo Informazione Regolamentata |
: | 100261 | |
| Nome utilizzatore | : | PIRELLISPAN03 - Bastanzio | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 15 Marzo 2018 10:12:43 | |
| Data/Ora Inizio Diffusione presunta |
: | 15 Marzo 2018 10:12:43 | |
| Oggetto | : | PIRELLI PLACES 200 MILLION EURO FLOATING RATE NOTES |
|
| Testo del comunicato |
Vedi allegato.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA AND JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
PRESS RELEASE
PIRELLI PLACES 200 MILLION EURO FLOATING RATE NOTES
TRANSACTION PERMITS REIMBURSEMENT OF EXISTING DEBT FOR THE SAME AMOUNT AND REDUCES COST OF DEBT
Milan, 15 March 2018 – Pirelli & C. announces that today it placed a "Floating Rate Note" bond issue of 200 million euro with maturity in September 2020. The bond issue - reserved for institutional investors permits the reimbursement of existing debt for the same amount, further optimizing the company's financial structure by reducing the cost of debt.
The notes, listed on the Luxembourg stock exchange, have the following characteristics:
- Issuer: Pirelli & C. S.p. A.
- Guarantor: Pirelli Tyre S.p.A.
- Amount: 200 million euro
- Settlement date: 26 March 2018
- Maturity date: 26 September 2020
- Coupon: Euribor 3m +0.70%
- Issue price: 100%
- Redemption price: 100%
With today's transaction, the bonds issued in the context of the December 2017 Board authorization for 1 billion euro – as part of the Group 2 billion euro EMTN senior unsecured programme – total 800 million euro.
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Pirelli Press Office – Tel. +39 02 64424270 – [email protected] Pirelli Investor Relations – Tel. +39 02 64422949 – [email protected] www.pirelli.com
This announcement (and the information contained therein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this announcement in certain jurisdictions. This announcement does not constitute an offer of securities for sale in the United States, in Australia and in any jurisdiction in which such offer or sale would be unlawful and is not for publication or distribution in any such jurisdictions. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement is not a public offer of financial products in Italy as per Article 1, para. 1, letter. t) of Legislative Decree no. 58 of February 24, 1998. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.