Hikma prices debut $500 million five-year eurobond

RNS Number : 2423J

Hikma Pharmaceuticals Plc

01 April 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART TO ANY PERSON OR ADDRESS IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

Hikma prices debut $500 million five-year eurobond

London, April 1, 2015: Hikma Pharmaceuticals PLC, the multinational pharmaceutical group (LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY), (rated Ba1 Moody's / BB+ S&P, both stable), today announces that it has successfully priced a Reg S $500 million 4.25% eurobond due April 2020.  The proceeds will be used to refinance existing debt and for general corporate purposes.  The bond will be listed on the Global Exchange Market of the Irish Stock Exchange. FCA/ICMA stabilisation applies.

The joint lead managers were Citi (Global Coordinator), Barclays, HSBC and National Bank of Abu Dhabi.

Enquiries

Hikma Pharmaceuticals PLC                                                       

Susan Ringdal, VP Corporate Strategy and Director of Investor Relations   [phone]/ [phone]

Lucinda Henderson, Deputy Director of Investor Relations                              [phone]/ [phone]

Zeena Murad, Investor Relations Manager                                                          [phone]/ [phone]

FTI Consulting                                                                                  

Ben Atwell/ Matthew Cole                                                                                      [phone]

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This announcement is only addressed to and directed at persons in member states of the European Economic Area who are qualified investors (as defined in Directive 2003/71/EC, as amended (the "Prospectus Directive")). This announcement has not been approved by the UK Financial Conduct Authority. This announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. Rather, this announcement is being distributed on the basis that it is only being distributed to and is only directed at: (i) persons who are Investment Professionals as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"); (ii) persons falling within any of the categories of persons described in Article 49 of the Financial Promotion Order; and (iii) any other person to whom it may otherwise lawfully be made in accordance with the Financial Promotion Order (all such person together referred to as "relevant persons"). Any security, investment or investment activity to which this announcement may relate is only available to, and any invitation, offer, or agreement to engage in such investment activity will be engaged in only with: (i) in the United Kingdom, relevant persons; and (ii) in any member state of the European Economic Area other than the United Kingdom, qualified investors. No other person should rely on it or any of its contents. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Directive.

This announcement does not constitute or form a part of any offer of, or solicitation to purchase, securities in the Kingdom of Saudi Arabia. There will be no public offer of securities in the Kingdom of Saudi Arabia.

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