Partial Tender offer in respect of the notes due 29 January 2028
Hera Custom Facet Publish Date
Category Facet
Custom Facet
Search Bar
To search for exact matches, insert the phrase in quotes (eg. "board of directors")
Asset Publisher
Asset Publisher
Hera S.p.A. (“Hera” or the “Company”) announces the launch of a partial tender offer (the “Tender Offer”) addressed to the holders of the outstanding “€700,000,000 5.20 per cent. Fixed Rate Notes due 29 January 2028” (ISIN code: XS0880764435) (the “Notes”) issued by Hera in January 2013 and listed on the regulated market of the Luxembourg Stock Exchange. The Tender Offer provides for a cash consideration and will be carried out pursuant to the terms and conditions of the Tender Offer Memorandum dated 4 May 2021.
The Tender Offer launched today will expire on 10 May 2021, subject to the right of the Company to extend, re-open, amend and/or terminate the Tender Offer. The settlement date for the Tender Offer is expected to fall on 12 May 2021.
Should the aggregate principal amount of the Notes tendered exceed the maximum amount of Notes that Hera will decide to purchase, the Company will apply the pro rata allotment criteria set forth in the Tender Offer Memorandum.
The Tender Offer is being carried out in compliance with the offer and distribution restrictions set forth in the Tender Offer Memorandum and is carried out in the Republic of Italy as an exempted offer pursuant to Article 101-bis, paragraph 3-bis of Legislative Decree No. 58 of 24 February 1998, (the “Financial Services Act”), as amended, and Article 35-bis, paragraph 3 of CONSOB Regulation No. 11971 of 14 May 1999, (the “Issuers’ Regulation”), as amended, and therefore the provisions of Part IV, Title II, Section II, Sub-section I of the Financial Services Act and the provisions of Part II, Title II of Issuers’ Regulation will not apply.
The results of the Tender Offer will be published following the expiration of the Tender Offer. Upon completion of the Tender Offer, the Notes repurchased will be cancelled.
BNP Paribas and Mediobanca – Banca di Credito Finanziario will act in their capacities as Dealer Managers in the context of the Tender Offer. Lucid Issuer Services Limited will act in its capacity as Tender Agent of the Tender Offer.
Copies of the Tender Offer Memorandum and any other document or material related to the Tender Offer are available from the Tender Agent:
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: + 44 (0) 20 7704 0880
Attention: Thomas Choquet
Email: hera@lucid-is.com
Not for release, publication or distribution to any U.S. Person (as defined in Regulation S of the U.S. Securities Act of 1933, as amended) in or into or to any person located or resident in, the United States, its territories and possessions (including Puerto Rico, the U.S. virgin islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States or the District of Columbia or to any other person or in or into any other jurisdiction where it is unlawful or illegal to distribute this document.
Search Results
Contacts
Telephone: +39 051 287111
HERA SPA
Viale Carlo Berti Pichat nr. 2/4 - 40127
Bologna
Contacts
Telephone: +39 051 287111
HERA SPA
Viale Carlo Berti Pichat nr. 2/4 - 40127
Bologna