EURONXT said on Thursday that it launched a 425 million euros offered offer from large bonds that are not guaranteed due to 2032, which can be converted into new and/or exchangeable shares of the company’s current stocks.
The company revealed that this offer is taking place through a special situation for eligible investors only, with the exception of retailers.
The bonds will pay a fixed annual voucher ranging from 1.5 % and 2.0 %, with semi -annual payment.
The initial transfer price will be set by 30 % to 35 % higher than the EURONXT reference price on Euronxt Paris, and the final conditions are expected to be followed after the completion of the bookback process.
The offer revenues will be used to pay part of the bridge loan facility that was arranged in April to finance the acquisontrol acquisition process, as well as for public companies.
Bond holders will have the right to convert or exchange bonds to shares starting from today 41 after the release. Unless they are recovered earlier, bonds will ripen on May 30, 2032.
EURENEXT said that it may recover early in light conditions, including if at least 80 % of the manager has been transferred or if the company’s share price exceeds 130 % of the transfer price for a specific period.
The company will seek to accept bonds to trade on Euronxt Access in Paris within 30 days of the version. Playing shareholders will not have preferential rights to the offer.