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CapMan Plc - Tender Offer 2024 (FI) - Indicative Results

CapMan announces indicative tender offer results for its outstanding notes due 2025 - FI4000456132

31 MAY 2024


Full announcement including disclaimers and offer restrictions available via CapMan Plc


"The offer period for the Tender Offer expired at 4:00 p.m. Finnish time (EEST) today (the “Expiration Deadline“). At the Expiration Deadline, the aggregate principal amount of Notes validly tendered by the noteholders for purchase was EUR 45,929,000.


Pursuant to the terms of the Tender Offer, the Company has reserved the right, in its sole discretion, to decide on acceptance of the Notes for purchase, including not to accept any Notes for purchase. The acceptance by the Company of any Notes for purchase is subject to, without limitation, the pricing of the potential issue of new euro-denominated notes and other conditions set out in the tender offer memorandum dated 24 May 2024 (the “New Issue Condition“). As at the date of this announcement, the New Issue Condition has not yet been fulfilled.


The non-binding indicative aggregate nominal amount of the Notes expected to be accepted for purchase pursuant to the Tender Offer in the event that the New Issue Condition is satisfied (or waived) is EUR 45,929,000.


The Company expects to announce the final results of the Tender Offer, and whether the New Issue Condition has been fulfilled or waived, as soon as feasible, and no later than 14 June 2024."


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CapMan considers issuance of new sustainability-linked notes and announces a voluntary tender offer of its 2025 notes - FI4000456132

24 MAY 2024


Full announcement including disclaimers and offer restrictions available via CapMan Plc


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"At the same time, the Company announces that it invites the holders of its outstanding EUR 50 million 4.000 per cent notes due 9 December 2025 (ISIN: FI4000456132) (the “Notes”) (the “Holders”) to tender their Notes for cash on the terms and conditions set out in the Tender Offer Memorandum dated 24 May 2024 (the “Tender Offer Memorandum”) (the “Tender Offer”)."


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"The purchase price of the Notes is EUR 1,005 per EUR 1,000 in nominal amount of the Notes. Accrued and unpaid interest will be paid in respect of all Notes accepted for purchase.


When considering allocations of the New Notes, the Company intends to give preference to those investors who have, prior to the allocation of the New Notes, validly tendered Notes or given an indication of firm intention to the Company or the Dealer Manager to tender Notes and subscribe for New Notes. Therefore, a Holder that wishes to subscribe for New Notes in addition to tendering Notes for purchase pursuant to the Tender Offer may be eligible to receive priority in the allocation of the New Notes, at the Company’s sole and absolute discretion and subject to the completion of the Tender Offer, the selling restrictions contained in the preliminary listing prospectus  for the New Notes and the satisfaction or waiver of the New Issue Condition. Such priority may be given for an aggregate nominal amount of the New Notes up to the aggregate nominal amount of Notes subject to a Holder’s valid tender instruction where an allocation of the New Notes is also requested, subject to the acceptance for purchase by the Company of the Notes so tendered."


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"Rationale of the Tender Offer


The Company intends to use a part of the proceeds received from the New Notes to fund the purchase of Notes accepted for purchase by the Company in the Tender Offer. The purpose of the Tender Offer in conjunction with the issuance of the New Notes is to proactively manage upcoming debt redemptions and to extend the average debt maturity profile for the Company."


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