TVN SA
From: TVN S.A.
Issued on: September 15, 2015
Subject: Partial repurchase and redemption of Senior Notes of the TVN Group due in
Current report no. 64/2015
The Management Board of TVN S.A. (the "Company") hereby announces that TVN Finance Corporation III AB (publ), a subsidiary of the Company (the "Issuer"), has repurchased before their maturity date part of the Senior Notes due in 2020 in the aggregate principal amount of EUR 43 million which were issued by the Issuer on 16 September 2013 (the "Notes"). The repurchase of the Notes was effectuated pursuant to the terms of issue of the Notes, which granted the Issuer the right to repurchase the Notes prior to the maturity date. As a result of the repurchase, on September 15, 2015, the Notes were redeemed.
The Notes were repurchased at a price equal to the principal amount thereof increased by the applicable premium as defined in the Indenture relating to the Notes, and interest on the Notes accrued from 15 June 2015 up to 15 September 2015. The aggregate amount paid for the Notes, including the accrued interest, amounted to EUR 45,082,812.50. The Notes were repurchased using the Company's accumulated cash. The Notes were repurchased in order to further reduce the long-term debt of the TVN Group.
Legal basis: Article 56 Section 1 Item 2 of the Act dated 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies and §5 Section 1 Item 6 of the Regulation of the Minister of Finance dated
19 February 2009 regarding current and interim reports published by issuers of securities, and on the conditions for considering as equivalent information required by the laws of a non-
member state.
Signed by:
Markus Tellenbach
President of the Management Board
John Driscoll
Vice President of the Management Board, CFO
|
distributed by
|
