Eramet: Results of the any and all tender offer to repurchase its bonds due May 2025
30 Mai 2024 - 5:49PM
Eramet: Results of the any and all tender offer to repurchase its
bonds due May 2025
Paris, 30 May 2024, 5:45 p.m.
PRESS RELEASE
Eramet: Results of the any and all
tender offer to repurchase its bonds due May 2025
Eramet (the “Company”)
announces today the results of its tender offer, launched on 21 May
2024, to repurchase for cash (the “Tender Offer”)
any and all of its €300 million bonds due May 2025, issued on 21
November 2019 (ISIN: FR0013461274) 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 €293.6 million (the “Existing
Bonds”).
The aggregate nominal amount of Existing Bonds
validly tendered and accepted for purchase by the Company amounts
to €173.6 million. The Existing Bonds repurchased 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 3
June 2024, will amount to €120 million.
The purpose of this Tender Offer and the issue
by the Company of its new sustainability-linked bonds announced on
21 May 20241 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
25.07.2024: Publication of 2024 half-year results
24.10.2024: Publication of 2024 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.
www.eramet.com
INVESTOR
CONTACTDirector of Investor
RelationsSandrine Nourry-DabiT. +33 1 45
38 37 02 sandrine.nourrydabi@eramet.com |
PRESS
CONTACTMedia Relations
ManagerFanny MounierT. +33 7 65 26 46
83fanny.mounier@eramet.com |
1 Please refer to press release dated 21 May 2024:
2024-05-21-Eramet-Tender-Offer-CP-de-lancement-EN.pdf
- 2024 05 30 - Eramet - CP - Bond 2029_Tender Offer_CP
Results_EN
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