Business
Pricing of $500M 3.875% Senior Notes due 2029
Pricing of $500M 3.875% Senior Notes due 2029.
About this update from Convatec Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6966N\n ConvaTec Group PLC\n 01 October 2021\n \n \n \n \n \n \n \n \n September 30, 2021\n \n \n ConvaTec Group Plc Announces Pricing of\n$500 Million 3.875% Senior Notes due 2029 \n \n \n \n London, England-September 30, 2021 -\n \n ConvaTec Group Plc (the \"Company\") announces that it has priced an offering of $500 million aggregate principal amount of senior notes due 2029 (the \"Notes\") intended to be issued by 180 Medical, Inc. The Notes will bear interest at a rate of 3.875% per annum and will be issued at a price of 100% of the nominal amount thereof. The issuance and settlement of the Notes is expected to occur on October 7, 2021, subject to customary closing 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 refer to our announcement published on September 30, 2021, or 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 guarantees have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"Securities Act\") or the securities laws of any state or other j...