Announcement on the completion of the buyout programme in respect of the U.S.$300,000,000 9.00 per cent. Loan Participation Notes due 2025 issued by Bonitron Designated Activity Company
30 June 2023
Bonitron Designated Activity Company («Bonitron») announces today that Eurotorg LLC («Eurotorg»), the Borrower under U.S.$300,000,000 9.00 per cent. Loan Participation Notes due 2025 issued by Bonitron (the «Notes») has completed the buyout programme announced on January 19, 2023 at the maximum amount of U.S.$ 30,000,000 (as extended on March 15, 2023) during the period commencing on 20.01.2023 and ending on 30.06.2023 (the «Buyout Programme»).
Since 20.01.2023 the U.S.$ 27,729,000.00 in aggregate principal amount of the Notes were purchased by Eurotorg and/or on behalf of Eurotorg in accordance with the Buyout Programme, whereof the U.S.$ 20,190,000.00 in aggregate principal amount of the Notes were cancelled.
As at the date of this announcement, following open market repurchases by Eurotorg, including under the Buyout Programme, U.S.$ 90,830,000 in the aggregate principal amount of the Notes remains outstanding, of which U.S.$ 60,583,000 are held by Eurotorg and/or on behalf of Eurotorg.
This announcement may contain inside information as defined in Article 7 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the «Market Abuse Regulation») and is disclosed in accordance with the Bonitron's obligations under Article 17 of the Market Abuse Regulation.
For further details, please contact:
Chief Investment Officer, Eurotorg LLC