ZPG PLC Issue and sale of £200m Senior Notes due 2023 (3026C)
January 18 2018 - 9:37AM
UK Regulatory
TIDMZPG
RNS Number : 3026C
ZPG PLC
18 January 2018
18 January 2018
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 OF ZPG PLC. NOT FOR DISTRIBUTION IN OR INTO THE
UNITED STATES OR OTHERWISE THAN TO PERSONS WHOM IT CAN BE LAWFULLY
DISTRIBUTED. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
ZPG Plc (the "Company")
Issue and sale of GBP200 million Senior Notes due 2023
ZPG Plc announces today that it issued and sold GBP200 million
senior notes due 2023 (the "Notes") at 3.750%.
The proceeds of the issue and sale of the Notes (the
"Refinancing"), will be used, together with borrowings under the
new revolving credit facility, to: (i) repay all amounts
outstanding under our existing revolving credit facility; (ii)
repay amounts outstanding under our existing term loans; and (iii)
pay certain costs, expenses and fees related to, the
Refinancing.
The new debt package is expected to strengthen the Company's
financial position by offering it increased financial flexibility,
providing a more stable and appropriate capital structure and
allowing it to secure attractive interest rates for the next 5
years. The new bond issuance and bank facilities are expected to
support the Company's strategy for further continued profitable
growth with a more efficient capital structure.
Important notice
This press release shall not constitute an offer of securities
for sale in the United States or any other jurisdiction. The
securities have not been, and will not be, registered under the
U.S. Securities Act or the securities laws of any state of the
United States or any other jurisdiction and the securities may not
be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable
state or local securities laws.
This announcement is for informational purposes only and is
directed only at persons who are located outside the United States
and are (a) persons in member states of the European Economic Area
(the "EEA") who are qualified investors (as defined in EU
Prospectus Directive 2003/71/EC (as amended, including by EU
Directive 2010/73/EU to the extent implemented in the relevant
member state)); (b) persons in the United Kingdom who are qualified
investors and who are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order"); or (ii) persons
falling within Article 49(2) (a) to (d) of the Order; or (iii)
persons to whom an invitation or inducement to engage in investment
activity (within the meaning of Section 21 of the Financial
Services and Markets Act 2000) in connection with the issue or sale
of any Notes may otherwise lawfully be communicated or caused to be
communicated (all such persons in (a) and (b) together being
referred to as "relevant persons"). This announcement must not be
acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this announcement
relates is available only to relevant persons and will be engaged
in only with relevant persons.
MiFID II professionals/ECPs-only/No PRIIPs KID. Manufacturer
target market (MIFID II product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as not available to retail in EEA.
This announcement contains inside information.
ENDS
For further information:
Rachael Malcolm, Head of Investor Relations -
rachael.malcolm@zpg.co.uk / +44 (0)203 8725 648
Lawrence Hall, Director of Communications -
lawrence.hall@zpg.co.uk / +44 (0)7890 078 945
Ned Staple, General Counsel and Company Secretary -
ned.staple@zpg.co.uk / +44(0)203 872 5658
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 18, 2018 09:37 ET (14:37 GMT)
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