Ferrari Pricing of Issue of Notes
21 May 2020 - 7:23AM
Maranello (Italy), 20 May 2020
– Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”)
today announces the pricing of a Euro 650 million issue of notes
due in May 2025 (the “Notes”), being the initial
offering for a minimum benchmark size more than five times
oversubscribed. The issue price of the Notes is equal to 98.898% of
their principal amount and the Notes have a fixed annual coupon of
1.500%. The proceeds of the issue will be used for general
corporate purposes.
Banca IMI S.p.A., Barclays Bank PLC, BNP
Paribas, Goldman Sachs International, J.P. Morgan Securities plc,
Merrill Lynch International and UniCredit Bank AG acted as Joint
Lead Managers and Bookrunners to the issue of the Notes.
Application has been made for the Notes to be
admitted to the Official List of Euronext Dublin and to trading on
the regulated market of Euronext Dublin. Settlement and issue of
the Notes are expected to occur on 27 May 2020.
- DRS - Pricing Press Release (ENG) Final
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