Source - RNS
RNS Number : 8249G
AEROPORTI DI ROMA SPA
01 June 2017
 

 

1 June 2017

BNP Paribas S.A.
(incorporated in the Republic of France)
(the "Offeror")

Indicative Results Announcement

In relation to the invitation to the holders of the outstanding

€600,000,000 3.250 per cent. Notes due 20 February 2021 (the "Notes")

of
Aeroporti di Roma S.p.A.
(the
"Company")

to tender such Notes for purchase by the Offeror for cash up to the Maximum Acceptance Amount subject to the satisfaction of the New Notes Condition (each as defined herein) and the other conditions described in the Tender Offer Memorandum
(the "Offer")

This notice must be read in conjunction with the tender offer memorandum dated 24 May 2017 (the "Tender Offer Memorandum"). Capitalised terms used in this notice and not otherwise defined herein shall have the meanings ascribed to them in the Tender Offer Memorandum.

The Offer was announced on 24 May 2017 and was made on the terms and subject to the conditions contained in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 17.00 (CET) on 31 May 2017.

As at the Expiration Deadline, €264,899,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer.

Following the Expiration Deadline, the Offeror hereby announces its non-binding indication to (i) set the Final Acceptance Amount at €199,999,000, and (ii) accept for purchase Notes validly tendered pursuant to the Offer as set out below.


Notes

ISIN

Outstanding Principal Amount

Interpolated Reference Rate

Purchase Spread

Purchase Yield

Indicative Final Acceptance Amount

Indicative Tender Pro-Rating Factor



€600,000,000 3.250 per cent. Notes due 20 February 2021

XS1004236185

€600,000,000

Interpolated Mid- Swap Rate

+20 bps

The sum of the Interpolated Mid-Swap Rate and the Purchase Spread

€199,999,000

75.1552%


 

The Offeror will announce, as soon as reasonably practicable after the Pricing Time on the Pricing Date, whether the Offeror will accept valid tenders of Notes pursuant to the Offer and, if so accepted, the Final Acceptance Amount, the Tender Pro-Rating Factor (if applicable), the Interpolated Mid-Swap Rate, the Purchase Yield, the Purchase Price, the Settlement Date, the Accrued Interest for the Notes accepted for purchase and the principal amount of Notes that will remain outstanding after the Settlement Date.

Subject to the satisfaction of the New Notes Condition, the Settlement Date in respect of any Notes accepted for purchase pursuant to the Offer is expected to be 6 June 2017.

Contact Information

THE OFFEROR

BNP Paribas S.A.
10 Harewood Avenue
London NW1 6AA
United Kingdom

DEALER MANAGERS


Barclays Bank PLC

 

5 The North Colonnade

Canary Wharf

London E14 4BB

United Kingdom

 

Tel: +44 (0) 20 3134 8515

Email: [email protected]

Attn: Liability Management Group

 

 BNP Paribas

10 Harewood Avenue

London NW1 6AA

United Kingdom

Tel: +44 20 7595 8668

Email: [email protected]

Attn: Liability Management Group

 

Société Générale

10 Bishops Square

London E1 6EG

United Kingdom

 

Tel: +44 20 7676 7680

Email: [email protected]

Attn: Liability Management - DCM

 

UniCredit Bank AG

Arabellastrasse 12

D-81925 Munich

Germany

Tel: +49 89 378 13722

Email: [email protected]

Attn: Liability Management

 



 

TENDER AGENT

Lucid Issuer Services Limited

Tankerton Works

12 Argyle Walk

London

WC1H 8HA

 

Tel: + 44 20 7704 0880

Attention: Thomas Choquet / David Shilson

Email: [email protected]

 

No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

For the avoidance of doubt, nothing in this notice, the Tender Offer Memorandum or the electronic transmission thereof constitutes an offer to sell or a solicitation of an offer to buy the New Notes.

No action has been or will be taken in any jurisdiction by the Offeror, the Dealer Managers, the Joint Lead Managers, the Tender Agent or the Company that would permit a public offering of the New Notes in certain jurisdictions and circumstances where it is restricted by law. In particular, the New Notes are not being, and will not be, offered or sold in the United States. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the United States Securities Act of 1933, as amended (the Securities Act). The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act). Offering of the New Notes in any Member State of the European Economic Area which has implemented the Prospectus Directive (each, a "Relevant Member State"), will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for any offer of securities.

Any investment decision to purchase any New Notes should be made solely on the basis of the information contained in the Base Prospectus dated 22 May 2017 (the "Programme Base Prospectus") and the final terms (the "Final Terms") of the New Notes and no reliance is to be placed on any representations other than those contained in the Programme Base Prospectus, to the extent incorporated therein. Subject to compliance with all applicable securities laws and regulations, the Programme Base Prospectus will be available from the Joint Lead Managers on request.

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


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