RHI Magnesita N.V. Perpetual Bonds Partial Early Redemption (3991A)
28 December 2017 - 6:00PM
UK Regulatory
TIDMRHIM
RNS Number : 3991A
RHI Magnesita N.V.
28 December 2017
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
PERPETUAL BONDS PARTIAL EARLY REDEMPTION
27 December 2017, London. RHI Magnesita N.V. (LSE: RHIM), a
global leading supplier of refractory products, systems and
services, announces that Magnesita Refratários S.A (through its
fully-owned subsidiary Magnesita Finance Ltd) has given notice
today for the early redemption of US$70 million of its US$250
million 8.625% Perpetual Notes, to be effected on January 26, 2018,
at a price equal to 100% of the principal amount plus accrued and
unpaid interest.
This initiative is in connection with Company's focus on
strengthening its financial positon, improving free cash flow and
reducing its interest expenses.
About RHI Magnesita
RHI Magnesita is the result of the combination of RHI and
Magnesita to form the global leading supplier of high-grade
refractory products, systems and services which are indispensable
for industrial high-temperature processes exceeding 1,200degC in a
wide range of industries, including steel, cement, non-ferrous
metals, and glass, among others. With a vertically integrated value
chain, from raw materials to refractory products and full
performance-based solutions, RHI Magnesita serves more than 10,000
customers in nearly all countries around the world.
The Company has unmatched geographic diversification with more
than 14,000 employees in 35 main production sites and more than 70
sales offices. RHI Magnesita intends to use its global leadership
position in terms of revenue, greater scale, complementary product
portfolio and diversified geographic presence around the world to
target opportunistically those countries and regions benefitting
from more dynamic economic growth prospects.
For more information please visit: www.rhimagnesita.com
Enquiries:
RHI Magnesita N.V.
Eduardo Gotilla, Head of Corporate Finance and Investor
Relations
Tel +44 (0) 20 3823 3661
E-mail: eduardo.gotilla@rhimagnesita.com
Stefan Rathausky, Head of Corporate Communications
Tel +43 50213-6059
E-mail: stefan.rathausky@rhimagnesita.com
This information is provided by RNS
The company news service from the London Stock Exchange
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