Inst. Investors & Research Tel. +34 91 595 10 00
Shareholder's Office Tel. +34 902 30 10 15
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
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.
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
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
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.