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ConvaTec Announces Offer of $500M Senior Notes
ConvaTec Announces Offer of $500M Senior Notes.
About this update from Convatec Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5886N\n ConvaTec Group PLC\n 30 September 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30, 2021\n \n \n ConvaTec Group Plc Announces Offering of\n$500 Million Senior Notes due 2029 \n \n \n \n London, England-September 30, 2021 -\n \n ConvaTec Group Plc (the \"Company\") announces that it has launched an offering of $500 million aggregate principal amount of senior notes due 2029 (the \"Notes\") intended to be issued by 180 Medical, Inc. (the \"Issuer\"). The Notes are being offered only to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\") and to certain persons outside the United States in reliance on Regulation S under the Securities Act (\"Regulation S\"). The interest rate, offering price and certain other terms will be determined at the time of pricing of the Notes, subject to market conditions. \n \n \n The Company intends to use the proceeds from the offering of the Notes to prepay a portion of borrowings under the facilities agreement dated 24 October 2019 (as amended and/or restated from time to time) between, among others, ConvaTec Finance Holdings Limited and ConvaTec Inc. as original borrowers and National Westminster Bank plc as facility agent and security agent (the \"Credit Facility Agreement\"). As part of the Transaction, the existing security granted over the shares securing the Credit Facility Agreement will be released.\n \n \n For more information, please contact: \n \n \n ConvaTec Group Plc\n \n \n 3 Forbury Place, 23 Forbury Road, Reading, RG1 3JH, United Kingdom\n \n \n \n \n \n ConvaTec Investor Relations:\n \n \n Phone: +44 (0)118 952 8123\n \n \n Email: \n [email protected]\n \n \n \n \n \n ConvaTec Media Relations:\n \n \n Phone: +44 (0)118 952 8170\n \n \n Email: \n [email protected]\n \n \n * * *\n \n \n The offering is being made by means of an offering memorandum. This announcement 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. \n \n \n The Notes and the related guar...