Evraz Plc Announces Tender Offer Results

RNS Number : 1455U

Evraz Plc

27 March 2019

 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

27 March 2019

EVRAZ PLC ANNOUNCES TENDER OFFER RESULTS

On 18 March 2019, EVRAZ plc (the "Company") launched an invitation to holders (the "Noteholders") of the U.S.$1,000,000,000 6.50% Notes due 22 April 2020 of which U.S.$700,000,000 in principal amount is currently outstanding (the "Notes"), originally issued by Evraz Group S.A. (which was, on 13 March 2019, substituted by the Company in its capacity as issuer of the Notes), subject to the offer and distribution restrictions and upon the terms and subject to the conditions set forth in a tender offer memorandum dated 18 March 2019 (the "Tender Offer Memorandum"), to tender for purchase for cash any and all of their Notes in accordance with the procedures described therein. The invitation to tender the Notes for purchase is referred to herein as the "Tender Offer".

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

The Company hereby informs Noteholders that (i) the Financing Condition is expected to be satisfied by the Payment Date and (ii) the Company has accepted for purchase the validly tendered Notes at the Purchase Price as set forth in the table below.

Description of the Notes	Common code/ISIN for Regulation S Notes	Common code/ISIN/ CUSIP for Rule 144A Notes	Purchase Price	Principal Amount of Notes Accepted for Purchase	Outstanding Principal Amount Following Settlement of the Tender Offer
U.S.$1,000,000,000 6.50% Notes due 22 April 2020	080863861/ XS0808638612	78394986/ US30050AAF03/ 30050AAF0	U.S.$1,037.50 per U.S.$1,000 in principal amount of the Notes	U.S.$580,538,000	U.S.$119,462,000

On or about 4 April 2019, subject to the conditions described in the Tender Offer Memorandum, the Noteholders will be paid (a) the Purchase Price for the validly tendered and accepted Notes, and (b) the Accrued Interest Amount from (and including) the immediately preceding interest payment date up to but not including the Payment Date.

The Tender Offer has now expired and no further Notes can be tendered for purchase.

The Notes acquired in the Tender Offer will be cancelled.

Notes that have not been successfully tendered for purchase and accepted by the Company pursuant to the Tender Offer and the terms and conditions set out in the Tender Offer Memorandum will remain outstanding and will remain subject to the terms and conditions of such Notes.

For Further Information

Further details about the Tender Offer can be obtained from:

The Joint Dealer Managers

Bank GPB International S.A.

15, rue Bender

L-1229 Luxembourg

Grand Duchy of Luxembourg

Telephone: [phone]

Email: [e-mail]

Attention: DCM & Syndicate

ING Bank N.V., London Branch

8-10 Moorgate

London EC2R 6DA

United Kingdom

Telephone: [phone]

Email: [e-mail]

Attention: Liability Management Team

J.P. Morgan Securities plc

25 Bank Street

Canary Wharf

London E14 5JP

United Kingdom

Telephone:

[phone]

E-mail: [e-mail]

Attention: Liability Management

Merrill Lynch International

2 King Edward Street

London EC1A 1HQ

United Kingdom

Telephone: [phone]

Email: [e-mail]

Attention: Liability Management Group

Sberbank CIB (UK) Limited

85 Fleet Street

London EC4Y 1AE

United Kingdom

Telephone: [phone]

E-mail: [e-mail]

The Information and Tender Agent

D.F. King Ltd

Email: [e-mail]

Offer Website: https://sites.dfkingltd.com/evraz

In London:

125 Wood Street

London EC2V 7AN

United Kingdom

By telephone: [phone]

In Hong Kong:

Suite 1601, 16/F, Central Tower

28 Queen's Road Central

Hong Kong

Telephone: [phone]

In New York:

48 Wall Street, 22nd Floor

New York, New York 10005

United States

Banks and Brokers call: [phone]

All others call Toll-Free: [phone]

By Facsimile Transmission (for Eligible Institutions only): [phone]

For Confirmation: [phone]

Attention: Andrew Beck

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

END

 

 

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