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Faurecia S.E. (IRSH)

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Thursday 21 November, 2019

Faurecia S.E.

Tender Indicative Results

RNS Number : 2054U
Faurecia S.E.
21 November 2019
 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON OR IN OR INTO THE UNITED STATES (EACH AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

 

21 November 2019

 

BNP PARIBAS
(a société anonyme established under the laws of the Republic of France)
(the "Offeror")

Announces the INDICATIVE Results of THE tender offer
on FAURECIA S.E.'s (the "
company")

€700,000,000 3.625 per cent. Notes due June 2023 (of which €700,000,000 are currently outstanding) (ISIN: XS1384278203) (the "Existing Notes")

 

This notice must be read in conjunction with the tender offer memorandum dated 13 November 2019 (the "Tender Offer Memorandum"). Capitalised terms used in this notice and not otherwise defined herein shall have the meanings ascribed to them in the Tender Offer Memorandum.

 

On 13 November 2019, the Offeror announced the launch of a Tender Offer to the Qualifying Holders of the Existing Notes. Under the terms of the Tender Offer, the Qualifying Holders (subject to offer restrictions), were invited to tender some or all of their Existing Notes for purchase by the Offeror for cash, subject to a Maximum Acceptance Amount. The Tender Offer expired at 4:00 p.m. (Paris time) on 20 November 2019.

 

Indicative Results of the Tender Offer

The Offeror is pleased to announce the non-binding acceptance of the Tender Offer as follows:

Aggregate principal amount of Existing Notes that the Offeror expects to accept for purchase: €531,960,000

Aggregate principal amount of Existing Notes expected to remain outstanding after settlement of the Tender Offer: €168,040,000

Accrued Interest: 1.61111%

The final results will be announced as soon as practicable on 25 November 2019.

 

Any charges, costs and expenses charged by the Qualifying Holder's intermediary shall be borne by such Qualifying Holder.

 

Settlement

The Settlement Date for the Tender Offer is expected to be 25 November 2019. All sales pursuant to the Tender Offer will settle through the normal procedures of Euroclear and Clearstream. On the Settlement Date, the Offeror shall pay or procure the payment, to each Qualifying Holder which has validly submitted an Offer to Participate by the Expiration Deadline, of an amount in cash equal to the Tender Consideration and Accrued Interest Amount in respect of each Existing Note so tendered and delivered by such Qualifying Holder and accepted for purchase by the Offeror.



 

Contact Information

 

The Offeror of the Tender Offer:

BNP Paribas
10 Harewood Avenue
London NW1 6AA
United Kingdom

Attn: Liability Management Group
Tel: +44 207 595 8668
Email: [email protected]
 

The Dealer Managers of the Tender Offer are:

 

BNP PARIBAS
10 Harewood Avenue
London NW1 6AA
United Kingdom

Attn: Liability Management Group
Tel: +44 207 595 8668
Email: [email protected]

Natixis
47, quai d'Austerlitz
75013 Paris
France

Attn: Liability Management
Tel: +33 1 58 55 08 14/+33 1 58 55 05 56
Email: [email protected]

 

 

 

The Tender Agent for the Tender Offer will be:

 

Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom

Telephone: +44 20 7704 0880
Email: [email protected]
Attention: Thomas Choquet

 

 

Copies of the Tender Offer Memorandum are available upon request addressed to the Tender Agent.

 

OFFER RESTRICTIONS

The distribution of this notice and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this notice or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. Please also see the Tender Offer Memorandum for a fuller description of such restrictions.

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


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