Polyus Finance PLC Update on Proposals for 2023 and 2024 Notes (1287V)
05 August 2022 - 2:30PM
UK Regulatory
TIDM60GT TIDMPLZL
RNS Number : 1287V
Polyus Finance PLC
05 August 2022
5 August 2022
Polyus Finance Plc announces update in respect of proposals of
the Consent Solicitation for its outstanding U.S.$800,000,000
5.250% Guaranteed Notes due 2023 and U.S.$500,000,000 4.70%
Guaranteed Notes due 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO
ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT OR THE
MEMORANDUM.
On 27 July 2022, Polyus Finance Plc (the "Issuer") announced the
results of its consent solicitation (the "Consent Solicitation") in
relation to the outstanding U.S.$800,000,000 5.250% Guaranteed
Notes due 2023 (the "2023 Notes") and U.S.$500,000,000 4.70%
Guaranteed Notes due 2024 (the "2024 Notes") issued by the Issuer
on the terms and subject to the conditions set forth in the Consent
Solicitation Memorandum dated 20 July 2022 (the "Memorandum").
Capitalised terms used in this announcement but not defined
herein have the meanings given to them in the Memorandum.
The Issuer hereby notifies the Noteholders of the 2023 and 2024
Notes that the Issuer proceeds with coupon payments in accordance
with the Proposals approved by the Written Resolutions of the
Noteholders of the 2023 Notes and 2024 Notes and in accordance with
the relevant amendments signed in respect of the trust deed dated 7
February 2017 constituting the 2023 Notes and the trust deed dated
29 January 2018 constituting the 2024 Notes.
Forward-looking statements
This announcement may contain "forward-looking statements"
concerning Polyus group. Generally, the words "will", "may",
"should", "could", "would", "can", "continue", "opportunity",
"believes", "expects", "intends", "anticipates", "estimates" or
similar expressions identify forward-looking statements. The
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
expressed in the forward-looking statements. Forward-looking
statements include statements relating to future capital
expenditures and business and management strategies and the
expansion and growth of Polyus group's operations. Many of these
risks and uncertainties relate to factors that are beyond Polyus
group's ability to control or estimate precisely and therefore
undue reliance should not be placed on such statements which speak
only as at the date of this announcement. The Issuer and/or any
Polyus group company assumes no obligation in respect of, and does
not intend to update, these forward-looking statements, except as
required pursuant to applicable law.
DISCLAIMER
This announcement must be read in conjunction with the
Memorandum.
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END
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