Saipem Finance International B.V. - Tender Offer 2024 (XS) - Final Results

SAIPEM FINANCE INTERNATIONAL B.V. AS OFFEROR ANNOUNCES THE FINAL RESULTS IN RELATION TO THE OFFERS ADDRESSED TO HOLDERS OF THE ANY AND ALL 2025 NOTES AND CAPPED 2026 NOTES FOR CASH UP TO THE OVERALL FINAL ACCEPTANCE AMOUNT - XS1711584430 - XS2202907510

29 MAY 2024

Full announcements, including disclaimers and restrictions available via Saipem Finance International B.V.

Scroll below for information on previous offers related to this Issuer

...

"Any and All 2025 Notes:

The Offeror hereby announces that:

Capped 2026 Notes:

The Offeror hereby announces that:

In respect of the Capped 2026 Notes, with an increase of the Capped 2026 Notes Maximum Amount from €200,000,000 to €258,509,000, a Pro-Ration Factor is not applicable.

The Offeror hereby announces the following pricing details for the Capped 2026 Notes (as described further in the Tender Offer Memorandum) in respect of the Notes:"

...

---

Saipem prepares the launch of new notes and launch two tender offers relating two bonds expiring in 2025 and 2026 - XS1711584430 - XS2202907510

21 MAY 2024

Full announcements, including disclaimers and restrictions available via Saipem Finance International B.V.

Scroll below for information on previous offers related to this Issuer

Milan (Italy), May 21, 2024 – Saipem S.p.A. (“Saipem”) together with its subsidiary Saipem Finance International B.V. (“Saipem Finance”, the “Issuer” or the “Offeror”) hereby announce that they have mandated BNP Paribas, HSBC Continental Europe, Intesa Sanpaolo S.p.A. and UniCredit Bank GmbH, as Joint Bookrunners to arrange, starting from the date hereof, a series of calls with fixed income investors aimed at evaluating the potential launch by Saipem Finance of new non-convertible and unsubordinated notes (the "New Notes").

Moreover, in the context of the potential transaction, Saipem and Saipem Finance hereby announce the launch by Saipem Finance of two tender offers of two bonds issued by Saipem Finance for a total maximum amount of Euro 380,000,000 (the "Offers").

In particular, the Offers are addressed to holders of the "2.625% EUR 500m Notes due 7 January 2025" (ISIN Code: XS1711584430) (the "Any and All 2025 Notes") and "3.375% EUR 500m Notes due 15 July 2026" (ISIN Code: XS2202907510) (the "2026 Notes" and, together with the 2025 Notes, the "Notes") issued by the Offeror and listed on the Euro MTF of the Luxembourg Stock Exchange."

...

"Purchase prices

In respect of the Any and All 2025 Notes, the Offeror will pay for the Any and All 2025 Notes accepted by it for purchase pursuant to the Offer, a price per EUR 1,000 in aggregate nominal amount of the notes equal to EUR 994.00 (the “2025 Notes Purchase Price”).

The price payable with respect to the Capped 2026 Notes accepted for purchase (the "2026 Notes Purchase Price" and, together with the 2025 Notes Purchase Price, the "Purchase Prices") will be determined as provided in the Tender Offer Memorandum by reference to a fixed spread of 40 bps (the "Fixed Purchase Spread") over the Interpolated Mid-Swap Rate at or around the Pricing Time, expressed as a percentage and rounded to the third decimal place (with 0.0005 per cent. being rounded upwards).

Notes repurchased by the Offeror pursuant to the Offers are expected to be cancelled. Notes which have not been validly tendered and accepted for purchase pursuant to the Offers will remain outstanding after the Settlement Date."

...

...

---

---

SAIPEM FINANCE INTERNATIONAL B.V. ANNOUNCES FINAL RESULTS OF ITS INVITATION TO TENDER THE 2025 NOTES FOR CASH UP TO THE TARGET ACCEPTANCE AMOUNT - XS1711584430

27 NOVEMBER 2023

Full announcements, including disclaimers and restrictions available via Luxse 

...

"The Offeror hereby announces that:

A Pro-Ration Factor is not applicable.

The Offeror hereby announces the following pricing details (as described further in the Tender Offer Memorandum) in respect of the Notes:

The Settlement Date is expected to be 29 November 2023."

...

---

SAIPEM FINANCE INTERNATIONAL B.V. ANNOUNCES INDICATIVE RESULTS OF ITS INVITATION TO TENDER THE 2025 NOTES FOR CASH UP TO THE TARGET ACCEPTANCE AMOUNT - XS1711584430

27 NOVEMBER 2023

Full announcements, including disclaimers and restrictions available via Luxse 

...

"The Offeror hereby announces that:

Its non-binding indication is that a Pro-Ration Factor is not applicable.

The above indications are non-binding and remain subject to confirmation at the time of the announcement of the final results of the Tender Offer. Pricing is expected to take place at or around 12:00 (CET) today (the "Pricing Time"). As soon as reasonably practicable after the Pricing Time, the Offeror will publish the final results of the Tender Offer.

The Settlement Date is expected to be 29 November 2023."

...

---

SAIPEM FINANCE INTERNATIONAL B.V. ANNOUNCES AN INVITATION TO TENDER THE 2025 NOTES FOR CASH UP TO THE TARGET ACCEPTANCE AMOUNT - XS1711584430

20 NOVEMBER 2023

Full announcements, including disclaimers and restrictions available via Luxse

...

"Saipem Finance International B.V. (the "Offeror") hereby announces an invitation to the holders ("Noteholders") of the €500,000,000 2.625 per cent. Notes due 7 January 2025 (ISIN XS1711584430) (the "Notes") to tender their Notes for purchase by the Offeror for cash up to the Target Acceptance Amount (the "Offer"). The Offeror, subject to the terms and conditions set out in the tender offer memorandum dated 20 November 2023 (the "Tender Offer Memorandum") and the applicable offer and distribution restrictions therein, will determine the Final Acceptance Amount in its sole and absolute discretion. The Offeror reserves the right, in its sole and absolute discretion, to increase or reduce, or purchase more or less than the Target Acceptance Amount, subject to applicable law, and the right to accept significantly more or less (or none) of the Notes (subject to proration, where applicable).

Capitalised terms used herein but not defined have the meanings given to them in the Tender Offer Memorandum.

Summary of the Offer"

74 (Banks

...and Brokers)."