BASEL, Switzerland--(BUSINESS WIRE)--Syngenta AG has mandated BNP Paribas, Citi, Credit Suisse and HSBC to arrange a series of fixed income investor meetings starting on April 9, 2018. Subject to market conditions, this roadshow may be followed by the issuance of senior bonds which, potentially in conjunction with a bank loan financing transaction, aims to raise a total of up to USD 4.8bn equivalent. The senior bonds will be structured as follows:
multi-tranche benchmarked-sized USD-denominated, 144A/Reg S, senior
unsecured notes with various maturities up to 30 years.
Bookrunners - BNP Paribas, Citi, Credit Suisse, HSBC, MUFG and Santander.
EUR-denominated, Reg S, fixed rate, senior unsecured notes with
maturity of 3-8 years and size of minimum EUR 500m.
Bookrunners - BNP Paribas, Credit Agricole CIB, Credit Suisse, HSBC, ING, Santander and UniCredit.
Syngenta AG is rated BBB-/Ba2/BBB by S&P, Moody’s, and Fitch respectively.
The net proceeds from the sale of the notes will be used in connection with a refinancing arrangement of Syngenta’s shareholder. Any remaining proceeds would be used for general corporate purposes at Syngenta.
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
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In addition to (and without prejudice to) the foregoing, in the European Economic Area this press release is directed only at persons who are not retail investors. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (“MiFID II”); (ii) a customer within the meaning of Directive 2002/92/EC, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) a “qualified investor” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended by Directive 2010/73/EU). This announcement does not constitute a prospectus for the purposes of Article 2 (1) (e) of the Prospectus Directive.
This announcement does not constitute an offer of securities to the public in the United Kingdom. This announcement is being distributed to and is directed only at: (i) persons who are outside of the United Kingdom; (ii) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of Syngenta or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this announcement relates will only be available to, and will be engaged in only with, Relevant Persons.
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Some of the statements contained in this announcement are forward-looking statements. These statements are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to be materially different from any forward-looking statements. These statements are generally identified by words or phrases such as "believe", "anticipate", "expect", "intend", "plan", "will", "may", "should", "estimate", "predict", "potential", "continue" or the negative of such terms or other similar expressions. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements. Syngenta disclaims any intent or obligation to update any forward-looking statements as a result of developments occurring after the period covered by this announcement or otherwise.
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