Compagnie Plastic Omnium today completed a €500 million 7-year 2.875% inaugural bond issue for European investors, without covenants or ratings. The net proceeds of the issue will be used to meet the Group’s general financing needs as part of its growth strategy and will strengthen the Group’s debt structure by extending the average maturity of its debt and diversifying its sources of financing. The bond issue is an integral part of the financing diversification strategy launched in 2012. Deutsche Bank, Natixis and The Royal Bank of Scotland acted as lead managers for the issue.
DISCLAIMER
This press release is provided for information purposes only and does not constitute an offer to sell securities, or a solicitation of an offer to buy securities in any jurisdiction. The securities referred to herein may not be and will not be offered or sold to the public. This press release does not constitute an offer to sell Compagnie Plastic Omnium securities in the United States. This press release may not be sent, published or distributed in any and all countries where such action would constitute a violation of the applicable laws or regulations. A prospectus for the bond issue was submitted to the French securities regulator (AMF) for the bonds’ admission to trading on the NYSE Euronext Paris market. Settlement and delivery of the bonds are subject to the AMF’s approval of the prospectus.
Once approved by the AMF, the prospectus will be available on Compagnie Plastic Omnium’s website at www.plasticomnium.com and the AMF’s website at www.amf-france.org.
