BONDS: Elis launches an issue of Oceanes for 375 million euros | Photo credits: Elis
PARIS (Agefi-Dow Jones)–The industrial laundry group Elis announced on Thursday the launch of an issue of bonds convertible into and/or exchangeable for new and/or existing shares (Oceanes) maturing in September. 2029, from qualified investors, for a nominal amount of around €375 million.
“The net proceeds of the issue will be allocated to the partial refinancing of the outstanding Oceanes maturing on October 6, 2023 for a maximum nominal amount of 200 million euros”, while “the remainder of the net proceeds of the issue will be used to fund general group needs,” Elis said in a statement.
“The bonds will have a nominal unit value of 100,000 euros, will be convertible and/or exchangeable into new and/or existing shares of Elis and will bear an annual interest rate of between 2% and 2.5% payable annually in arrears. September 22 of each year (or the following business day if this date is not a business day), and a conversion premium of between 37.5% and 42.5% compared to the reference price of the share “, specified the group.
Final terms of the bonds are expected to be finalized later Thursday and settlement is scheduled for September 22, 2022.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: VLV
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September 15, 2022 02:16 ET (06:16 GMT)