INEOS announces issuance of A notice for the conditional redemption of all of its outstanding Dollar-denominated 6⅛% senior notes due 2018 AND EURO-DENOMINATED 6½% SENIOR NOTES DUE 2018
LUXEMBOURG – July 25, 2016
INEOS Group Holdings S.A. (“INEOS”) today announced that it has issued a notice for the conditional redemption (subject to the satisfaction or waiver of the condition described below) of all of its outstanding 6⅛% Senior Notes due 2018 and 6½% Senior Notes due 2018 (collectively, the “Notes”). Under the notice, the redemption of the Notes occurring is conditional upon the completion of one or more financing transactions by INEOS (in its discretion) resulting in net proceeds available to INEOS in a sufficient quantity to pay the redemption price for the Notes, including any applicable premium, in full and pay all related expenses on or before the redemption date. If redemption occurs, the Notes will be redeemed in full. There can be no assurance that any of the financing transactions or the redemption will be completed.
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This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any securities that may be offered will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act. No indebtedness incurred in connection with any financing transactions will be registered under the Securities Act.
This communication is directed only at: (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”), (ii) high net worth entities falling within Article 49(2) of the Order and (iii) any other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged in with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This announcement is not a public offering in the Grand Duchy of Luxembourg or an offer of securities to the public in any European Economic Area member state that has implemented Directive 2003/71/EC, and any amendments thereto (together with any applicable implementing measures in any member state, the “Prospectus Directive”).
Forward Looking Statements
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