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4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Abertis Infraestructuras    ABE   ES0111845014

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Abertis Infraestructuras : The company submits information about the final results for the voluntary sale offer to holders of the notes issued by Autostrada Brescia Verona Vicenza Padova S.p.A.,with a coupon of 2.375% and maturity in 2020.

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10/06/2017 | 06:45pm CEST
Relevant Fact

Investor Relations

Inst. Investors & Research Tel. +34 91 595 10 00

Shareholder's Office Tel. +34 902 30 10 15

[email protected]

COMISION NACIONAL DEL MERCADO DE VALORES (CNMV)

In compliance with article 228 of the Consolidated Text of the Spanish Securities Market Law, ABERTIS INFRAESTRUCTURAS, S.A. ("Abertis" or the "Company"), hereby notifies the Spanish National Securities Market Commission of the following

RELEVANT FACT

Further to the relevant fact sent on 29 September 2017, Autostrada Brescia Verona Vicenza Padova S.p.A. (the "Company") hereby announces the final results and pricing of its invitation to holders of its €600,000,000 2.375% Notes due 2020 of which €600,000,000 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 "Tender Offer Memorandum") prepared in connection with the Solicitation of Offers to Sell. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

Summary of Results and Pricing

Following the expiration of the Solicitation of Offers to Sell at 17.00 (CET) on 6 October 2017 (the "Expiration Date"), the Company hereby announces that the final aggregate principal amount of Notes validly tendered pursuant to the Solicitation of Offers to Sell is

€296,728,000. The Maximum Acceptance Amount is €200,000,000 and therefore, in accordance with the terms of the Tender Offer Memorandum, the pro ration factor to be applied is 68.5999%. Following such pro-ration, €199,959,000 in aggregate principal amount of Notes are accepted for purchase pursuant to the Solicitation of Offers to Sell. Notes which have not been validly submitted and accepted for purchase pursuant to the Solicitation of Offers to Sell will remain outstanding.

Based on a Settlement Date of 11 October 2017, in accordance with the terms of the Tender Offer Memorandum, the Purchase Price is 105.918% and the Accrued Interest is €13.339 per €1,000 in principal amount of the Notes.

Subject to the conditions and restrictions set out in the Tender Offer Memorandum, the Purchase Price and Accrued Interest Payment in respect of Notes accepted for purchase will be paid on the Settlement Date, being 11 October 2017.

Further Information

A complete description of the terms and conditions of the Solicitation of Offers to Sell is set out in the Tender Offer Memorandum. Banca IMI S.p.A., BNP Paribas and UniCredit Bank AG

Requests for information in relation to the Solicitation of Offers to Sell should be directed to:

JOINT DEALER MANAGERS

BNP Paribas

10 Harewood Avenue London NW1 6AA United Kingdom

Telephone: +44 (0)20 7595 8668 Attention: Liability Management Group

Email: [email protected]

Banca IMI S.p.A.

Largo Mattioli 3

20121 Milan Italy

Telephone: +39 02 72 61 59 38 Attention: Liability Management Group

Email:[email protected]

UniCredit Bank AG Arabellastrasse 12 D-81925 Munich Germany

Telephone: +49 89 378 13722 Attention: Corporate Liability Management

Email: [email protected]

A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent:

THE TENDER AGENT

Lucid Issuer Services Limited

Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom

Telephone: +44 (0) 20 7704 0880

Fax +44 (0)20 3004 1590

Email: [email protected] Attention: Victor Parzyjagla

Barcelona, 6 October 2017

Abertis Infraestructuras SA published this content on 06 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 October 2017 16:44:01 UTC.

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Financials (€)
Sales 2017 5 643 M
EBIT 2017 2 190 M
Net income 2017 913 M
Debt 2017 16 430 M
Yield 2017 4,04%
P/E ratio 2017 20,69
P/E ratio 2018 18,17
EV / Sales 2017 6,26x
EV / Sales 2018 5,90x
Capitalization 18 877 M
Chart ABERTIS INFRAESTRUCTURAS
Duration : Period :
Abertis Infraestructuras Technical Analysis Chart | ABE | ES0111845014 | 4-Traders
Technical analysis trends ABERTIS INFRAESTRUCTURAS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 16,4 €
Spread / Average Target -14%
EPS Revisions
Managers
NameTitle
Francisco Miguel Reynés Massanet Vice Chairman & Chief Executive Officer
Salvador Alemany Más Chairman
Francisco José Aljaro Navarro Chief Financial & Corporate Development Officer
Carmen Godia Bull Director
Marcelino Armenter Vidal Director
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