Eramet - Tender Offer 2024 (FR) - Launch

Eramet: Launch of an any and all cash tender offer to repurchase its bonds due May 2025 and potential issuance of new sustainability-linked bonds - FR0013461274

21 MAY 2024

Full announcement including disclaimers and offer restrictions available via Eramet (Source: Eramet)

Scroll below for information on previous offers related to this Issuer

Eramet (the “Company”) announces today:

(i) the launch of a tender offer to repurchase for cash any and all of its €300 million bonds due May 2025 issued on 21 November 2019 (ISIN: FR0013461274), of which € 293,600,000 are currently outstanding, and which are admitted to trading on the regulated market of Euronext Paris (the “Existing Bonds”) (the “Tender Offer”); and

(ii) its intention, subject to market conditions, to issue new sustainability-linked bonds denominated in euros concomitantly with the Tender Offer (the “New Bonds”).

The Tender Offer is made under the terms and conditions set out in the Tender Offer Memorandum dated 21 May 2024. This Tender Offer is, in particular, conditional upon the successful completion (in the sole and absolute determination of the Company) of the issue of the New Bonds. An application for admission to trading of the New Bonds on the regulated market of Euronext in Paris should be made. The net proceeds of the New Bonds would be used for general corporate purposes of the Company, including to refinance part of the Existing Bonds to be purchased in the context of the Tender Offer.

A mechanism of priority allocation in the New Bonds may be applied at the sole and absolute discretion of the Company for holders of the Existing Bonds who participate in the Tender Offer and who wish to subscribe to the New Bonds.

The purpose of this Tender Offer and the contemplated issue of the New Bonds is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity.

Final results of the Tender Offer will be announced as soon as practicable after the pricing of the Tender Offer which is expected on 30 May 2024 (subject to any extension, withdrawal, termination or amendment of this Tender Offer)."

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Eramet: Results of the tender offer to repurchase its bonds due February 2024

17 MAY 2023

Full announcement including disclaimers and offer restrictions available via Eramet (Source: Eramet)

"Eramet (the “Company”) announces today the results of its tender offer, launched on 9 May 2023, to purchase for cash (the “Tender Offer”) its €500 million bonds due February 2024, issued on 28 September 2017 (ISIN: FR0013284643) and which are admitted to trading on the regulated market of Euronext Paris, of which the aggregate nominal amount outstanding before the launch of the Tender Offer was €429.7 million (the “Existing Bonds”).

The aggregate nominal amount of Existing Bonds validly tendered and accepted for purchase by the Company amounts to €143.3 million. The Existing Bonds purchased by the Company pursuant to the Tender Offer will be cancelled by the Company and the aggregate nominal amount of the Existing Bonds that remain outstanding after the settlement of the Tender Offer, expected on 23 May 2023, will amount to €286.4 million.

The purpose of this Tender Offer and the issue by the Company of its first sustainability-linked bonds announced on 11 May 20231 is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity."

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Eramet: Launch of a tender offer to repurchase its bonds due February 2024 and potential issuance of inaugural sustainability-linked bonds

09 MAY 2023

Full announcement including disclaimers and offer restrictions available via globenewswire (Source: Eramet)

Eramet (the “Company”) announces today:

(i) the launch of a tender offer to purchase for cash (up to a maximum aggregate principal amount to be announced by the Company as soon as practicable following the pricing of the New Bonds) of its €500 million bonds due February 2024 issued on 28 September 2017 (ISIN: FR0013284643), of which €429.7 million are currently outstanding, and which are admitted to trading on the regulated market of Euronext Paris (the “Existing Bonds”) (the “Tender Offer”); and

(ii) its intention, subject to market conditions, to issue sustainability-linked bonds denominated in euros concomitantly with the Tender Offer (the “New Bonds”).