Information  X 
Enter a valid email address

Obrascon Huarte Lain (50ML)

  Print   

Thursday 10 March, 2011

Obrascon Huarte Lain

Senior notes issuance announcement

RNS Number : 6882C
Obrascon Huarte Lain, S.A.
10 March 2011
 



 

 

English translation for informative purposes of the original Relevant Fact drafted in Spanish and filed with the CNMV

 

OBRASCÓN HUARTE LAIN, S.A. (the "Company"), in compliance with the provisions of article 82 of Act 24/1988, of 28 July, on the Securities Market (Ley del Mercado de Valores), by means of this document notifies the National Securities Market Commission (CNMV) of the following

 

 

RELEVANT FACT

The Board of Directors of the Company, exercising the authorisation granted by the General Shareholders Meeting held on 26 November 2009, has approved to issue senior notes, whose definitive terms and conditions will be established on the basis of the result of the bookbuilding to be carried out by the Joint Bookrunners of the transaction Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, The Royal Bank of Scotland plc (acting as Joint Global Coordinators), Citigroup Global Markets Limited, Merrill Lynch International and Société Générale.

The terms and conditions of the notes, intended for international qualified investors, will be governed by English Law and it is anticipated that an application will be made to admit the senior notes to trade on the London Stock Exchange's regulated market.

The Company has considered it appropriate to carry out a tender offer of its EUR 700,000,000 5.00 per cent. Notes due 2012, issued in 2007 and listed on the London Stock Exchange, for purchase of such securities for cash.

The terms and conditions of the cash tender offer of the notes issued in 2007 are established in the Tender Offer Memorandum prepared by the Company and that is at the disposal of the investors, who are advised to read it. The Tender Offer Memorandum can be obtained by means of a request to the Joint Dealer Managers Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, The Royal Bank of Scotland plc (acting as Joint Global Coordinators), Citigroup Global Markets Limited, Merrill Lynch International and Société Générale.

The noteholders who are subject to the tender offer may send its orders from 10 March 2011 until 16:00 hours (CET) on 17 March 2011. The Company will announce whether or not it has decided to accept the orders received and, if applicable, the result of the tender offer on 18 March 2011, even though it could modify the dates and other terms of the tender offer in accordance with Tender Offer Memorandum mentioned above. 

 

Madrid, 10 March 2011



 

IMPORTANT INFORMATION

The information contained in this document does not constitute or form part of an offer to sell, or the solicitation of an offer to buy, securities in the United States, Canada, Australia or Japan.  The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act.  There will be no public offering in the United States of the securities mentioned herein. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODLIFIDVAIILIL

a d v e r t i s e m e n t