Source - RNS
RNS Number : 1641K
Axalta Coating Systm Dtch Hol B B.V
06 April 2018

Stock Exchange Announcement



For immediate release

April 6, 2018





Axalta Coating Systems Dutch Holding B B.V.

(the "Issuer")


Re: New Guarantor of 3.75% Senior Notes due 2025



Pursuant to a sixth supplemental indenture, dated as of March 1, 2018 (the "Supplemental Indenture"), by and among the Issuer, Système Peinture Service (the "New Guarantor"), a company incorporated in France (Société par actions simplifiée), and Wilmington Trust, National Association, as trustee (the "Trustee"), to the indenture, dated as of September 27, 2016 (the "Original Indenture," as supplemented from time to time, and, together with the Supplemental Indenture, the "Indenture"), by and among the Issuer, the guarantors party thereto, the Trustee, Citigroup Global Markets Deutschland AG, as registrar, and Citibank N.A., London Branch, as a paying agent and authenticating agent, the Issuer has added the New Guarantor as an additional guarantor of the Issuer's 3.75% Senior Notes due 2025 (the "Notes") with effect from March 1, 2018.


Pursuant to the Indenture, the New Guarantor guarantees the Notes on a joint and several, irrevocable, fully unconditional, senior unsecured basis together with the other guarantors included in the listing particulars in respect of the Notes (the "Listing Particulars").


The following is the relevant information for the New Guarantor:


Registered name:

Système Peinture Service

Place of incorporation:


Date of incorporation:

25 June 1993

Registered number:

391 640 398 RCS Roanne

Registered address:

578, avenue Charles de Gaulle, 41253 Riorges, France

Authorized share capital:

2,624 (two thousand six hundred twenty-four) shares at a par value of EUR 15.2449 (fifteen euros and two thousand four hundred forty-nine thousandth of euros) for a total of EUR 40.002,62 (forty thousand and two euros sixty-two cents)

Issued share capital:

Same as authorized share capital

Business activity:

The business of Axalta Coating Systems Ltd. and its subsidiaries (including the Issuer and the New Guarantor) (the "Group") involves the manufacturing, marketing and distribution of high performance coating systems.


The New Guarantor is an indirect wholly owned subsidiary of Axalta Coating Systems Ltd.

Financial information:

As of Axalta Coating System Ltd.'s audited financial statements for the year ended December 31, 2017, (i) the Issuer, (ii) Axalta Coating Systems Ltd.'s guarantor subsidiaries and (iii) Axalta Coating Systems Ltd.'s non-guarantor subsidiaries represented 0% (US$(0.2) million), 60% (US$535.0 million) and 40% (US$350.4 million), respectively, of Adjusted EBITDA and (136)% (US$(1,916.5) million), 133% (US$1,878.9 million) and 103% (US$1,445.4 million), respectively, of net assets.






For enquiries or further information please contact:

Axalta Coating Systems Dutch Holding B B.V.
c/o Axalta Coating Systems, LLC
Two Commerce Square
2001 Market Street, 36th Floor
Philadelphia, PA 19103
Fax: (215) 255-7949
Tel: (215) 255-3422
Attention: General Counsel





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




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