(News Bulletin 247) – Eramet today announces the launch of a cash tender offer (up to a maximum principal amount to be announced by the Company as soon as possible after the pricing of the New Bond Issue) relating to its bond loan issued on September 28, 2017, for an amount of 500 million euros, of which the nominal amount currently in circulation is 429.7 million euros, and maturing in February 2024.
The group also announces its intention to proceed, subject to market conditions, with a bond issue linked to sustainable development (sustainability-linked bonds) denominated in euros at the same time as the Tender Offer.
The net proceeds of the New Bond Issue would be used to contribute to the financing of the general needs of the Company, including the repurchase of the Existing Bonds tendered to the Tender Offer.
The announcement of the results of the Tender Offer will be made as soon as possible after the pricing of the Tender Offer which is expected to take place on May 17, 2023 (subject to any extension, withdrawal, termination or modification of this Tender Offer) .
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
