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Eramet: Results of the tender offer to repurchase its bonds due February 2024
ソース: Nasdaq GlobeNewswire / 17 5 2023 11:45:00 America/New_York
Paris, 17 May 2023, 5:45 p.m.
PRESS RELEASE
Eramet: Results of the tender offer to repurchase its bonds due February 2024
Eramet (the “Company”) announces today the results of its tender offer, launched on 9 May 2023, to purchase for cash (the “Tender Offer”) its €500 million bonds due February 2024, issued on 28 September 2017 (ISIN: FR0013284643) and which are admitted to trading on the regulated market of Euronext Paris, of which the aggregate nominal amount outstanding before the launch of the Tender Offer was €429.7 million (the “Existing Bonds”).
The aggregate nominal amount of Existing Bonds validly tendered and accepted for purchase by the Company amounts to €143.3 million. The Existing Bonds purchased by the Company pursuant to the Tender Offer will be cancelled by the Company and the aggregate nominal amount of the Existing Bonds that remain outstanding after the settlement of the Tender Offer, expected on 23 May 2023, will amount to €286.4 million.
The purpose of this Tender Offer and the issue by the Company of its first sustainability-linked bonds announced on 11 May 20231 is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity.
DISCLAIMER
This press release and the information therein does not constitute a tender offer nor an invitation to sell the bonds nor an invitation to participate in the tender offer in or from any country or jurisdiction to whom or in which such offer would be unlawful under the applicable laws and regulations. The distribution of this press release may be restricted by law and/or be subject to specific regulations in certain jurisdictions. Persons into whose possession this press release comes should inform themselves about and observe any applicable legal and regulatory restrictions.
Calendar
23.05.2023: Shareholders’ General Meeting
26.07.2023: Publication of 2023 half-year results
26.10.2023: Publication of 2023 Group third-quarter turnover
ABOUT ERAMET
Eramet transforms the Earth’s mineral resources to provide sustainable and responsible solutions to the growth of the industry and to the challenges of the energy transition.
Its employees are committed to this through their civic and contributory approach in all the countries where the mining and metallurgical group is present.
Manganese, nickel, mineral sands, lithium, and cobalt: Eramet recovers and develops metals that are essential to the construction of a more sustainable world.
As a privileged partner of its industrial clients, the Group contributes to making robust and resistant infrastructures and constructions, more efficient means of mobility, safer health tools and more efficient telecommunications devices.
Fully committed to the era of metals, Eramet’s ambition is to become a reference for the responsible transformation of the Earth’s mineral resources for living well together.
INVESTOR CONTACT
Director of Investor Relations
Sandrine Nourry-Dabi
T. +33 1 45 38 37 02
sandrine.nourrydabi@eramet.comPRESS CONTACT
Media relations manager
Fanny Mounier
T. +33 7 65 26 46 83
fanny.mounier@eramet.com
Image 7
Marie Artzner
T. +33 1 53 70 74 31 | M. +33 6 75 74 31 73
martzner@image7.fr
1 Please refer to press release dated 11 May 2023: https://www.eramet.com/sites/default/files/2023-05/Eramet%20-%20PR%20Bond%20Pricing_051123.pdf
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