NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
27 March 2019
EVRAZ PLC ANNOUNCES TENDER OFFER RESULTS
On 18 March 2019, EVRAZ plc (the "Company") launched an invitation to holders (the "Noteholders") of the U.S.$1,000,000,000 6.50% Notes due 22 April 2020 of which U.S.$700,000,000 in principal amount is currently outstanding (the "Notes"), originally issued by Evraz Group S.A. (which was, on 13 March 2019, substituted by the Company in its capacity as issuer of the Notes), subject to the offer and distribution restrictions and upon the terms and subject to the conditions set forth in a tender offer memorandum dated 18 March 2019 (the "Tender Offer Memorandum"), to tender for purchase for cash any and all of their Notes in accordance with the procedures described therein. The invitation to tender the Notes for purchase is referred to herein as the "Tender Offer".
Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
The Company hereby informs Noteholders that (i) the Financing Condition is expected to be satisfied by the Payment Date and (ii) the Company has accepted for purchase the validly tendered Notes at the Purchase Price as set forth in the table below.
|
|
Common code/ISIN for Regulation S Notes
|
Common code/ISIN/ CUSIP for Rule 144A Notes
|
|
Principal Amount of Notes Accepted for Purchase
|
Outstanding Principal Amount Following Settlement of the Tender Offer
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U.S.$1,000,000,000 6.50% Notes due 22 April 2020 |
080863861/
XS0808638612 |
78394986/
US30050AAF03/ 30050AAF0 |
U.S.$1,037.50 per U.S.$1,000 in principal amount of the Notes |
U.S.$580,538,000 |
U.S.$119,462,000 |
On or about 4 April 2019, subject to the conditions described in the Tender Offer Memorandum, the Noteholders will be paid (a) the Purchase Price for the validly tendered and accepted Notes, and (b) the Accrued Interest Amount from (and including) the immediately preceding interest payment date up to but not including the Payment Date.
The Tender Offer has now expired and no further Notes can be tendered for purchase.
The Notes acquired in the Tender Offer will be cancelled.
Notes that have not been successfully tendered for purchase and accepted by the Company pursuant to the Tender Offer and the terms and conditions set out in the Tender Offer Memorandum will remain outstanding and will remain subject to the terms and conditions of such Notes.
For Further Information
Further details about the Tender Offer can be obtained from:
The Joint Dealer Managers
Bank GPB International S.A.
15, rue Bender
L-1229 Luxembourg
Grand Duchy of Luxembourg
Telephone: +7 495 988 2353
Email: [email protected]
Attention: DCM & Syndicate
ING Bank N.V., London Branch
8-10 Moorgate
London EC2R 6DA
United Kingdom
Telephone: +31 20 563 2132
Email: [email protected]
Attention: Liability Management Team
J.P. Morgan Securities plc
25 Bank Street
Canary Wharf
London E14 5JP
United Kingdom
Telephone:
+44 20 7134 2468
E-mail: [email protected]
Attention: Liability Management
Merrill Lynch International
2 King Edward Street
London EC1A 1HQ
United Kingdom
Telephone: +44 207 996 5420
Email: [email protected]
Attention: Liability Management Group
Sberbank CIB (UK) Limited
85 Fleet Street
London EC4Y 1AE
United Kingdom
Telephone: +44 20 7936 0412
E-mail: [email protected]
The Information and Tender Agent
D.F. King Ltd
Email: [email protected]
Offer Website: https://sites.dfkingltd.com/evraz
In London:
125 Wood Street
London EC2V 7AN
United Kingdom
By telephone: +44 20 7920 9700
In Hong Kong:
Suite 1601, 16/F, Central Tower
28 Queen's Road Central
Hong Kong
Telephone: +852 3953 7230
In New York:
48 Wall Street, 22nd Floor
New York, New York 10005
United States
Banks and Brokers call: +1 212 269 5550
All others call Toll-Free: +1 800 714 3306
By Facsimile Transmission (for Eligible Institutions only): +1 212 709 3328
For Confirmation: +1 212 269 5552
Attention: Andrew Beck
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
