Business
Pricing of Senior Secured Notes Offering
Pricing of Senior Secured Notes Offering.
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7297S\n B&M European Value Retail S.A.\n 17 November 2021\n \n \n \n \n \n \n \n \n \n 17 November 2021\n \n \n \n \n \n B&M European Value Retail S.A. \n \n \n \n \n \n Pricing of £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OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF B&M EUROPEAN RETAIL VALUE S.A. THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE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 that it has priced its offering of £250 million aggregate principal amount of 4.000% senior secured notes due 2028 (the \"Notes\"). \n \n \n \n \n \n The Company will use the gross proceeds from the offering of the Notes for general corporate purposes and to pay fees and expenses incurred in connection with the offering of the Notes. \n \n \n \n \n \n Upon the issuance of the Notes to the Initial Purchasers, 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), will purchase £56.25 million principal amount of the Notes in the Offering from the Initial Purchasers for a total consideration of £56.25 million. As announced on 15 November 2021, this transaction constitutes a smaller related party transaction under Listing Rule 11.1.10R. The sponsor confirmation under...