COLOMBES, France--(BUSINESS WIRE)--Regulatory News:
Arkema (Paris:AKE) announces the success of its capped tender offer (the “Tender Offer”) on its undated deeply subordinated hybrid notes with a coupon of 4.75% and a first call date on 29 October 2020 issued on 29 October 2014 (the “2014 Notes”).
Arkema accepted the tender of notes amounting to €400 million at a 106.137 % tender price. As per these transactions, the remaining outstanding principal amount of the 2014 Notes will be €300 million.
In addition, Arkema signed the documentation related to its issuance of undated 5.25 year non-call deeply subordinated notes, amounting to €400 million with a fixed coupon of 2.75% until the first call date (the “New Notes”). The Autorité des Marchés Financiers granted visa number 19-257 on 12 June 2019 on the prospectus relating to the issue of the New Notes. The New Notes will be issued on 17 June 2019. The settlement of the Tender Offer is also scheduled on 17 June 2019.
Through this combined transaction, Arkema takes advantage of favorable market conditions to partially refinance its outstanding hybrid notes.
Disclaimer
This announcement does not constitute
an invitation to participate in the Tender Offer or the issuance of New
Notes in or from any jurisdiction in or from which, or to or from any
person to or from whom, it is unlawful to make such invitation under
applicable securities laws. The distribution of this announcement in
certain jurisdictions may be restricted by law. Persons into whose
possession this announcement comes are required to inform themselves
about, and to observe, any such restrictions.
Tenders of Notes for purchase pursuant to the Tender Offer will not be accepted from qualifying holders in any circumstances in which such offer or solicitation is unlawful. The issuer does not make any recommendation as to whether or not qualifying holders should participate in the Tender Offer. Securities may not be offered or sold in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, any U.S. Person.
United States
This Tender Offer is not being made
and will not be made directly or indirectly in or into, or by use of the
mails of, or by any means or instrumentality (including, without
limitation, facsimile transmission, telex, telephone, email and other
forms of electronic transmission) of interstate or foreign commerce of,
or any facility of a national securities exchange of, the United States
or to U.S. Persons as defined in Regulation S of the U.S. Securities Act
of 1933, as amended (the Securities Act) (each a U.S. Person)
and the Notes may not be tendered in the Tender Offer by any such use,
means, instrumentality or facility from or within the United States, by
persons located or resident in the United States of America (“U.S.
holders” within the meaning of Rule 800(h) under the Securities Act).
Accordingly, any documents or materials related to this Tender Offer are
not being, and must not be, directly or indirectly, mailed or otherwise
transmitted, distributed or forwarded (including, without limitation, by
custodians, nominees or trustees) in or into the United States or to any
such person. Any purported tender instruction in response to this Tender
Offer resulting directly or indirectly from a violation of these
restrictions will be invalid, and tender instructions made by a person
located or resident in the United States of America or any agent,
fiduciary or other intermediary acting on a non-discretionary basis for
a principal giving instructions from within the United States will not
be accepted.
For the purposes of the above paragraph, United States means the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia.
A designer of materials and innovative solutions, Arkema shapes materials and creates new uses that accelerate customer performance. Our balanced business portfolio spans high-performance materials, industrial specialties and coating solutions. Our globally recognized brands are ranked among the leaders in the markets we serve. Reporting annual sales of €8.8 billion in 2018, we employ approximately 20,000 people worldwide and operate in close to 55 countries. We are committed to active engagement with all our stakeholders. Our research centers in North America, France and Asia concentrate on advances in bio-based products, new energies, water management, electronic solutions, lightweight materials and design, home efficiency and insulation. www.arkema.com