Thomas Cook Group PLC Announcement of pricing of Senior Notes (0441Y)
01 December 2017 - 3:43AM
UK Regulatory
TIDMTCG
RNS Number : 0441Y
Thomas Cook Group PLC
30 November 2017
THIS ANNOUNCEMENT IS NOT FOR GENERAL PUBLICATION, DISTRIBUTION
OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION IN WHICH
OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW
Announcement of pricing of EUR400,000,000 Senior Notes by Thomas
Cook
30 November 2017
Thomas Cook Group plc (the "Company") announces that it has
priced its offering of EUR400,000,000 aggregate principal amount of
Senior Notes due 2023 (the "Notes") by its wholly owned subsidiary,
Thomas Cook Finance 2 plc (the "Issuer"), at an issue price of
100%. The Notes will bear interest at a rate of 3.875% and will
mature on 15 July 2023. The Notes include a call option in favour
of the Issuer exercisable after two years, subject to a call
schedule with step-downs up to maturity. The Notes will be
guaranteed by the Company and its subsidiaries that guarantee its
existing notes due 2022.
Thomas Cook intends to use the proceeds of the offering to
redeem its outstanding guaranteed senior unsecured fixed rate notes
due in June 2021.
Michael Healy, Group Chief Financial Officer, said "I am very
pleased with the strong response on our new bond, with support from
a broad range of investors. The transaction will allow us to
achieve lower interest costs, while extending maturities and
liquidity, giving the Group greater flexibility to support our
strategy for profitable growth."
This announcement is for information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy
the Notes or any other security and shall not constitute an offer,
solicitation or sale in the United States or in any jurisdiction in
which, or to any persons to whom, such offering, solicitation or
sale would be unlawful.
The Notes and any related guarantees have not been, and will not
be, registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act"), or any U.S. state securities laws, and may
not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons except pursuant to an exemption
from, or in a transaction not subject to, the registration
requirements of the Securities Act. Accordingly, the Notes and any
related guarantees are being offered and sold in the United States
only to qualified institutional buyers in accordance with Rule 144A
under the Securities Act and to non-U.S. persons in offshore
transactions outside the United States in accordance with
Regulation S under the Securities Act.
The offer and sale of the Notes will be made pursuant to an
exemption under the Prospectus Directive, as implemented in Member
States of the European Economic Area, from the requirement to
produce a prospectus for offers of securities. This announcement
does not constitute an advertisement for purposes of the Prospectus
Directive.
No money, securities or other consideration is being solicited,
and, if sent in response to the information contained herein, will
not be accepted.
This announcement contains "forward-looking statements" that are
based on estimates and assumptions and are subject to risks and
uncertainties. Forward-looking statements are all statements other
than statements of historical fact or statements in the present
tense, and can be identified by words such as "targets", "aims",
"aspires", "assumes" "believes", "estimates", "anticipates",
"expects", "intends", "hopes", "may", "would", "should", "could",
"will", "plans", "predicts" and "potential", as well as the
negatives of these terms and other words of similar meaning. The
forward-looking statements in this announcement are made based upon
the Company's estimates, expectations and beliefs concerning future
events affecting the Company and are subject to a number of known
and unknown risks and uncertainties. Such forward-looking
statements are based on numerous assumptions regarding the
Company's present and future business strategies and the
environment in which it will operate, which may prove not to be
accurate. The Company cautions that these forward-looking
statements are not guarantees and that actual results could differ
materially from those expressed or implied in these forward-looking
statements. Undue reliance should, therefore, not be placed on such
forward-looking statements. Any forward-looking statements
contained in this announcement apply only as at the date of this
announcement and are not intended to give any assurance as to
future results. The Company will update this announcement as
required by applicable law, including the Prospectus Rules, the
Listing Rules, the Disclosure and Transparency Rules, and any other
applicable law or regulations, but otherwise expressly disclaims
any obligation or undertaking to update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
This announcement contains inside information by the Issuer
under Regulation (EU) 596/2014 (16 April 2014).
-----------------
For further information,
please contact:
Analysts & Investors
James Sandford, Thomas
Cook Group
Tej Randhawa, Thomas +44 (0) 20 7557 6433
Cook Group +44 (0) 20 7557 6487
Media
Alice Macandrew, Thomas
Cook Group +44 (0) 20 7557 6409
Matthew Magee, Thomas
Cook Group +44 (0) 20 7294 7059
This information is provided by RNS
The company news service from the London Stock Exchange
END
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