Company name Borets Finance DAC
Headline Notice to Noteholders


RNS Number : 0654A
Borets Finance DAC
21 March 2017
 

Launch Announcement

21 March 2017

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT

For Immediate Release

Borets Finance DAC

Proposed offering of US$ denominated fixed rate 5 year guaranteed notes

Borets Finance DAC ("Issuer") today announces an offering (the "Offering") of US$ denominated fixed rate 5 year guaranteed notes (the "Notes") to be fully, unconditionally and irrevocably guaranteed on a joint and several basis by Borets International Limited (the "Parent") and Borets Company (together with the Parent, the "Guarantors").

The completion of the Offering will be subject to market conditions. The proceeds of the Offering will be used to (a) repurchase outstanding US$420,00,000 7.625% Guaranteed Notes due 2018 issued by the Issuer and guaranteed, inter alia, by the Guarantors; and (b) pay costs, expenses and fees incurred in connection with such repurchase.

Important notice

Nothing in this announcement constitutes an offer of any securities in the United States of America. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement is not being reviewed or approved by an authorised person for the purposes of Section 21 of the Financial Services and Markets Act 2000. Accordingly, it is not being distributed to, and must not be passed on to, the general public in the United Kingdom. This announcement is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")) or persons who are within Article 43 of the Financial Promotion Order, including existing members and creditors of the Issuer, or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.

This announcement is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer any securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws. This announcement has not been, nor shall be distributed to the public in the Russian Federation. Information contained in this announcement is not intended for any persons in the Russian Federation who are not "qualified investors" within the meaning of Article 51.2 of the Federal Law No. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and must not be distributed or circulated into Russia or made available in Russia to any persons who are not Russian QIs, unless and to the extent they are otherwise permitted to access such information under Russian law.

This announcement will only be distributed in Ireland in conformity with the provisions of the Companies Act 2014 (as amended), the Central Bank Acts 1942 - 2015 (as amended) and the European Communities 9 (Markets in Financial Instruments) Regulations 2007 (Nos. 1 to 3), including, without limitation, Regulations 7 and 152 thereof or any applicable provisions of Irish law.

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ISEJBMMTMBBTBLR