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Home / About Novasep / Media & Events / Press releases / Novasep announces results of notes offer for its outstanding euro-denominated unsecured exchange notes due 2022

Novasep announces results of notes offer for its outstanding euro-denominated unsecured exchange notes due 2022

Novasep announces results of notes offer for its outstanding euro-denominated unsecured exchange notes due 2022
29 Apr 2021

Novasep Holding S.A.S. (“Novasep”) has today announced the results of its offer to purchase (the “Notes Offer”) any and all of its outstanding euro-denominated unsecured exchange notes due 2022 (the “Notes”).

Novasep Holding S.A.S. (“Novasep”) has today announced the results of its offer to purchase (the “Notes Offer”) any and all of its outstanding euro-denominated unsecured exchange notes due 2022 (the “Notes”).

Capitalised terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the offer to purchase dated April 1, 2021 (as it may be amended or supplemented, the “Offer to Purchase”), which is available to Holders of the Existing Notes on Novasep’s website (www.novasep.com) in the “Investors” section.

The Notes Offer expired at 4:00 am New York time on April 29, 2021 (9:00 am London time / 10:00 am CEST on April 29, 2021) (the “Notes Offer Deadline”). As of the Notes Offer Deadline, 6,344 Notes had been validly tendered pursuant to the Notes Offer.

Novasep has accepted for purchase all such validly tendered Notes. The Settlement Date with respect to the Notes Offer will be May 3, 2021. The Notes Offer Consideration per Note will amount to cash consideration of €1087.60143 and one (1) New Subordinated Exchange Security (Common Code: 233252905; ISIN: FR0014002TV6) in nominal amount of €162.35337.

Further to the Notice of Optional Redemption dated April 1, 2021, any Notes not tendered for purchase pursuant to the Notes Offer will be redeemed on May 4, 2021 (the “Optional Redemption Date”). As the Blockage Payment will not have been made in full on or prior to the Optional Redemption Date, the Redemption Price of the Notes will be an amount in cash equal to the Senior Amounts attributable to the Notes to be redeemed, which will be equal to €1087.83430 per Note. On the Optional Redemption Date, the principal amount of the Notes redeemed will, pursuant to Conditions 4(c)(ii) and 5(c) of the Terms and Conditions, be reduced to an amount equal to the New Junior Outstanding Principal Amount (which will be an amount per Note of €138.96681) and the Notes will thereafter bear interest in the manner contemplated by the Terms and Conditions. The Notice of Optional Redemption is available at the following website address: https://www.novasep.com/home/about-novasep/media-events/press-release.html.  Novasep has indicated its intent to pay the Blockage Payment on or before May 31, 2021, subject to certain conditions, as set out in the announcement dated April 19, 2021, which is available to Holders of the Existing Notes on Novasep’s website (www.novasep.com) in the “Investors” section; on the date of such payment, the Notes and the New Subordinated Exchange Securities will be repaid in full, in accordance with their respective terms.

 

For further information relating to the Notes Offer please contact:

NOVASEP

Novasep Holding SAS

39 rue St Jean de Dieu

69007 Lyon

France

Email: bondholders@novasep.com

 

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Notes Offer is made only by and pursuant to the terms of the Offer to Purchase and the information in this press release is qualified by reference to the Offer to Purchase. The Notes Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Neither Novasep nor the Tender Agent makes any recommendations as to whether holders should tender their note pursuant to the Notes Offer. Holders must make their own decisions as to whether to tender notes, and, if so, the principal amount of notes to tender.

Forward Looking Statements

This press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended.  In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the words “assume,” “believe,” “could,” “estimate,” “anticipate,” “expect,” “intend,” “may,” “will,” “plan,” “continue,” “ongoing,” “potential,” “predict,” “project,” “risk,” “target,” “seek,” “should” or “would” and similar expressions or, in each case, their negative or other variations or comparable terminology or by discussions of strategies, plans, objectives, targets, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth and strategies, our reserves and the industry in which we operate.  By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results.

Novasep Icon PDF Novasep announces results of notes offer for its outstanding euro-denominated unsecured exchange notes due 2022


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