Business
Launch of Senior Secured Notes Offering
Launch of Senior Secured Notes Offering.
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3708S\n B&M European Value Retail S.A.\n 15 November 2021\n \n \n \n \n \n \n \n \n \n 15 November 2021\n \n \n \n \n \n B&M European Value Retail S.A.\n \n \n \n \n \n B&M Launches £250 Million Senior Secured Notes Offering \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (\"EU MAR\") AND ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF B&M EUROPEAN RETAIL VALUE S.A. THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n \n B&M European Value Retail S.A. (the \"Company\") (BME:LN) announces today that it intends to offer sterling-denominated senior secured notes in an aggregate principal amount of approximately £250 million due 2028 (the \"Notes\").\n \n \n \n The Company intends to use the\n \n gross \n \n proceeds from the offering of the Notes \n for general corporate purposes\n and to pay fees and expenses incurred in connection with the offering of the Notes. \n \n \n \n \n \n SSA Investments S.à r.l. (\"SSA\"), a related party of the Company which is beneficially owned by Simon Arora, Bobby Arora and Robin Arora (Simon Arora being the Chief Executive Officer of the Company and Bobby Arora and Robin Arora each being a person discharging managerial responsibility in relation to the Company's group), has delivered an undertaking, subject to (i) receipt by the Company of the sponsor confirmation that the terms of the proposed transaction are fair and reasonable as far as shareholders of the Company are concerned as required by Listing Rules of the Financial Conduct Authority (the \"Listing Rules\") and ...