Ceconomy Announces Placement Of New Eur 500 Mln Notes
June 27 (Reuters) -CECONOMY AG CECG.DE:
ANNOUNCES THE SUCCESSFUL PLACEMENT OF NEW €500M SUSTAINABILITY-LINKED FIXED RATE SENIOR UNSECURED NOTES DUE JULY 2029
NEW NOTES ARE EXPECTED TO BE ISSUED ON 3 JULY 2024, SUBJECT TO CUSTOMARY CONDITIONS
INTENDS TO USE THE GROSS PROCEEDS FROM THE NEW NOTES OFFERING TO FUND THE TENDER OFFER FOR ITS EXISTING €500M FIXED RATE SENIOR UNSECURED NOTES DUE JUNE 2026
SENIOR UNSECURED NOTES WILL BEAR INTEREST AT A RATE OF 6.250% PER ANNUM
ANY UNUTILISED GROSS PROCEEDS WILL BE USED TO REDEEM ANY REMAINING EXISTING NOTES AT MATURITY OR EARLIER, SUBJECT TO THE COMPANY’S DISCRETION AND MARKET CONDITIONS
TENDER OFFER IS EXPECTED TO EXPIRE AT 5:00 PM CEST ON 2 JULY 2024
Further company coverage: CECG.DE
(Gdansk Newsroom)
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