ANNOUNCEMENT ON THE COMPLETION OF THE BUYBACK 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 AND ON THE COMMENCEMENT OF THE BUYBACK PROGRAMME
15 January 2025
Bonitron Designated Activity Company («Bonitron») announces that Eurotorg LLC («Eurotorg»), the Borrower under U.S.$300,000,000 9.00 per cent. Loan Participation Notes due 2025 (XS2243344434) issued by Bonitron (the «Notes»), has completed the buyback programme for the maximum amount of U.S.$25,297,000 (as was expended on 04.06.2024), which was effective during the period commencing on 08.01.2024 and ending on 31.12.2024. During this period, the Notes in the aggregate principal amount of U.S.$4,700,000 have been repurchased by Eurotorg and/or on behalf of Eurotorg. On 08.01.2025, the Notes in the principal amount of U.S.$3,000,000 were further repurchased.
Consequently, as of 15.01.2025, the Notes in the aggregate principal amount of U.S.$78,341,000 remained outstanding, of which U.S.$ 57,494,000 were held by Eurotorg and/or on behalf of Eurotorg.
Bonitron also announces today that Eurotorg is commencing a new buyback programme in respect of the available Notes in the maximum amount of U.S.$20,847,000, which corresponds to the total principal amount of the Notes being outstanding and is not held by Eurotorg and/or on behalf of Eurotorg as of the date hereof. The terms of the repurchases under the new buyback programme will be negotiated individually with each potential seller. The new buyback programme will commence on 15.01.2025 and will end on 20.10.2025. The Notes are expected to be repurchased directly by Eurotorg and/or by Eurotorg Holding PLC. The repurchased Notes will be cancelled or held in treasury.
This announcement has been prepared solely for informational purposes..This announcement does not constitute or form part of an invitation or inducement to engage in investment activity with, or any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of, Eurotorg or Bonitron, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of, or any investment in, Eurotorg or Bonitron. The information, statements and opinions contained in this announcement do not constitute a public offer under any applicable legislation or an offer to sell or a solicitation of an offer to buy any securities.
This announcement may contain “forward-looking statements” concerning Eurotorg. Generally, the words “will”, “may”, “should”, “could”, “would”, “can”, “continue”, “opportunity”, “believes”, “expects”, “intends”, “anticipates”, “estimates” or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Eurotorg’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Eurotorg assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
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 obligations under Article 17 of the Market Abuse Regulation.
For further details, please contact:
Chief Investment Officer, Eurotorg LLC
Andrei Belkavets |
