Petra Diamonds Limited Pricing of US$650 Million Notes Issue (7344B)
April 06 2017 - 2:00AM
UK Regulatory
TIDMPDL
RNS Number : 7344B
Petra Diamonds Limited
06 April 2017
The information contained herein is not for publication or
distribution, directly or indirectly, in or into the United States
of America
This announcement contains inside information
6 April 2017 LSE: PDL
Petra Diamonds Limited
("Petra", "the Company" or "the Group")
Pricing of US$650 Million Notes Issue
Petra Diamonds Limited announces the pricing of its offering of
senior secured second lien notes due 2022 (the "Notes"). The
original offering amount of US$600 million has been increased to
US$650 million. Interest on the Notes will accrue at the rate of
7.25% per annum, payable semi-annually in arrears. Closing is
expected to take place on or about 12 April 2017, subject to
customary conditions precedent for such transactions.
The Notes will be issued by Petra Diamonds US$ Treasury Plc, a
wholly owned subsidiary of Petra Diamonds Limited.
Net proceeds from the Notes will be used to refinance the
Company's existing US$300 million 8.25% senior secured second lien
notes due 2020, to repay amounts outstanding under certain of the
existing senior facilities (certain of which will be cancelled) and
for general corporate purposes.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Cornelia Grant cornelia.grant@petradiamonds.com
Buchanan Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse bobbym@buchanan.uk.com
Anna Michniewicz annam@buchanan.uk.com
This announcement and the information contained herein are for
information purposes only and do not constitute a prospectus or an
offer to sell or a solicitation of an offer to buy or subscribe for
any securities in the United States of America ("U.S.") or in any
jurisdiction to persons to whom or in which jurisdiction such offer
or solicitation is unlawful. Any securities referred to herein have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended (the "Securities Act"), or the laws of any
state of the U.S., and may not be offered, sold or otherwise
transferred in the U.S. absent registration or pursuant to an
available exemption from registration under the Securities Act.
Neither Petra Diamonds Limited nor its shareholder intends to
register any securities referred to herein in the U.S.
Within the United Kingdom, this announcement is directed only at
persons having professional experience in matters relating to
investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 ("relevant
persons"). The investment or investment activity to which this
announcement relates is only available to and will only be engaged
in with relevant persons and person who receive this announcement
who are not relevant persons should not rely or act upon it.
This announcement contains or incorporates by reference
"forward-looking statements". These forward-looking statements may
be identified by the use of forward-looking terminology, including
the terms "believes", "estimates", "anticipates", "projects",
"expects", "intends", "aims", "plans", "predicts", "may", "will",
"seeks", "could", "would", "shall" or "should" or, in each case,
their negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. These forward-looking statements include all matters
that are not historical facts and include statements regarding the
intentions, beliefs or current expectations of the Group
concerning, among other things, the Group's results of operations,
financial condition, prospects, growth, strategies and the
industries in which the Group operates.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future or are beyond
the Group's control. Forward-looking statements are not guarantees
of future performance and are based on one or more assumptions. The
Group's actual results of operations and financial condition and
the development of the industries in which the Group operates may
differ materially from those suggested by the forward-looking
statements contained in this announcement. In addition, even if the
Group's actual results of operations, financial condition and the
development of the industries in which the Group operates are
consistent with the forward-looking statements contained in this
announcement, those results or developments may not be indicative
of results or developments in subsequent periods.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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