Business
Announcement of Tender Offer
Announcement of Tender Offer.
About this update from Evraz Plc
[{"type":"text","content":"\n \nRNS Number : 1616T Evraz Plc 18 March 2019 \n\n \nNOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n18 March 2019\n \nEVRAZ PLC ANNOUNCES INVITATIONS TO PURCHASE NOTES FOR CASH\nEVRAZ plc (the \"Company\") has today launched an invitation to holders (the \"Noteholders\") of the U.S.$1,000,000,000 6.50% Notes due 22 April 2020 (Regulation S: Common Code: 080863861, ISIN: XS0808638612; Rule 144A: Common Code: 78394986, ISIN: US30050AAF03, CUSIP: 30050AAF0) of which U.S.$700,000,000 in principal amount is currently outstanding (the \"Notes\"), originally issued by Evraz Group S.A. (which was, on 13 March 2019, substituted by the Company in its capacity as issuer of the Notes), subject to the offer and distribution restrictions below, and upon the terms and subject to the conditions set forth in a tender offer memorandum dated 18 March 2019 (as it may be amended or supplemented from time to time, the \"Tender Offer Memorandum\"), to tender for purchase for cash any and all their Notes in accordance with the procedures described therein. The invitation to tender the Notes for purchase is referred to herein as the \"Tender Offer\".\nCapitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum. Copies of the Tender Offer Memorandum are available, subject to the offer and distribution restrictions, on the Offer Website: https://sites.dfkingltd.com/evraz.\nSummary of the Tender Offer\n\n\n\n\n\nNotes\n \n\n\n\n\nCommon code/ISIN for Regulation S Notes\n\n\n\n\nCommon code/ISIN/ CUSIP for Rule 144A Notes\n\n\n\n\nOutstanding Principal Amount\n\n\n\n\nMinimum Denomination\n\n\n\n\nPurchase Price\n\n\n\n\nAmount subject to the Tender Offer\n\n\n\n\n\nU.S.$1,000,000,000 6.50% Notes due 22 April 2020 \n\n\n080863861/\nXS0808638612\n\n\n78394986/\nUS30050AAF03/\n30050AAF0\n\n\nU.S.$700,000,000\n\n\nU.S.$200,000 and integral multiples of U.S.$1,000 thereafter\n\n\nU.S.$1,037.50 per U.S.$1,000 in principal amount of the Notes\n\n\nAny and all\n\n\n\n\n \n \nRationale for the Tender Offer\nThe Company is a holding company which, together with its consolidated subsidiaries, is hereafter referred to as the \"Group\". The purpose of the Tender Offer i...