EXOR (rated BBB+ with stable outlook by Standard & Poor’s) announces the pricing of Euro 500 million notes due January 18, 2028, with a fixed annual coupon of 1.750% and with an effective yield to maturity of 1.914%.
The purpose of the issue is to raise new funds for EXOR’s general corporate purposes, including the repayment of certain loan facilities of the company.
The notes will be listed on the Luxembourg Stock Exchange and the settlement of the issue will take place on January 18, 2018.
This press release is not, and shall not constitute, an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or restricted by law. No action has been or will be taken to permit a public offering of the notes in any jurisdiction. The notes may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act as amended (the “Securities Act”)) unless registered under the U.S. Securities Act or pursuant to an exemption from such registration. Such notes have not been, nor will be, registered under the U.S. Securities Act or any other securities laws.
Not for distribution in the United States and any other jurisdiction where distribution of this press release is restricted by law.
