ABERTIS INFRAESTRUCTURAS 
Relevant Fact
Investor Relations
Inst. Investors & Research Tel. +34 93 230 50 00
Shareholder's Office Tel. +34 902 30 10 15
investor.relations@abertis.com
In compliance with article 82 of the Spanish Securities Markets Law, ABERTIS INFRAESTRUCTURAS, S.A. ('Abertis'), hereby notifies the Spanish National Securities Market Commission of the following
Further to the relevant fact sent on 22 September 2015 (official registry number 228577) Holding d'Infrastructures de Transport (the 'Company') hereby announces the final results and pricing of its invitation to holders of its €1,150,000,000 5.75 per cent. Notes due 2018 of which €750,000,000 remains outstanding ('the Notes') to offer to sell to the Company for cash Notes at the Purchase Price (the 'Solicitation of Offers to Sell').
The Solicitation of Offers to Sell was made upon the terms and subject to the conditions contained in a tender offer memorandum (the 'Memorandum') prepared in connection with the Solicitation of Offers to Sell.
Summary of Results and PricingFollowing the expiration of the Solicitation of Offers to Sell at 4.00 p.m (London time) on 29 September 2015 (the 'Expiration Date'), the Company hereby announces that: it has accepted for purchase EUR 250,000,000 in aggregate principal amount of the Notes in accordance with the terms and conditions of the Solicitation of Offers to Sell on a pro-rata basis and the pro-ration factor is 0.8807.
The Purchase Price for the Notes accepted for purchase was determined at or around 11.30
a.m (London time) today in accordance with the terms set out in the Memorandum by reference to the sum (the 'Purchase Yield') of the Purchase Spread and the Interpolated Mid-Swap Rate as follows:
ISIN | XS0602534637 |
Maturity Date | 9 March 2018 |
Aggregate principal amount accepted | EUR 250,000,000 |
Aggregate principal amount outstanding following Solicitation of Offers to Sell | EUR 500,000,000 |
Purchase Price | 113.328% |
Accrued interest per EUR 100,000 in principal amount | EUR 3,299.18 |
Pro-Ration Factor | 0.8807 |
ISIN | XS0602534637 |
Interpolated Mid-Swap Rate | 0.084% |
Purchase Spread | 15 bps |
Purchase Yield | 0.234% |
The applicable Purchase Price, together with Accrued Interest, will be paid to Noteholders whose Notes have been accepted for purchase by the Company. The Settlement Date is expected to be 5 October 2015.
Notes in respect of which the Company has not accepted an Offer to Sell will remain outstanding subject to the terms and conditions of such Notes.
A complete description of the terms and conditions of the Solicitation of Offers to Sell is set out in the Memorandum. BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale are the Joint Dealer Managers for the Solicitation of Offers to Sell.
BNP Paribas 10 Harewood Avenue London NW1 6AA United Kingdom Fax: +44 20 7595 8222 Attention: Liability Management Group Email: liability.management@bnpparibas.com | Crédit Agricole Corporate and Investment Bank Broadwalk House 5 Appold Street EC2A 2DA London United Kingdom Tel: +44 20 7214 7440 Email: liability.management@ca-cib.com |
Natixis BP 4 75060 Paris Cedex 02 France Tel: +33 1 58 55 80 98 Attention: Liability Management Email: liability.management- corporate@natixis.com | Société Générale 17, cours Valmy 92987 Paris La Défense cedex France Tel: +33 1 42 13 32 40 Attention: Liability Management Email: liability.management@sgcib.com |
The Bank of New York Mellon One Canada Square
London E14 5AL United Kingdom
Tel.: +44 1202 689644
Attention: Debt Restructuring Services Email: debtrestructuring@bnymellon.com
Barcelona, 30 September 2015
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