INEOS announces satisfaction of the conditions for the redemption of all of its outstanding 4 percent senior secured notes due 2023
INEOS Finance plc (“INEOS”) today announces that it has raised funds sufficient, together with cash on hand, to pay the redemption price for all of its outstanding €770,000,000 4% Senior Secured Notes due 2023 (the “Notes”), including any applicable premium, in full, and to pay all related expenses on or before the redemption date, which Notes have been conditionally called to be redeemed on May 1, 2019. As such, the Refinancing Condition (stated in the notice of conditional redemption issued on April 8, 2019) has been satisfied, and the redemption of the Notes will occur on May 1, 2019.
4% Senior Secured Notes due 2023
ISIN Numbers: XS1117295904 (Rule 144A) and XS1117296209 (Regulation S)
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This press release includes “forward-looking statements,” within the meaning of the U.S. securities laws and the laws of certain other jurisdictions, based on our current expectations and projections about future events, including: the cyclical and highly competitive nature of our businesses; our significant debt service obligations, as well as our ability to generate sufficient cash flow to service our debt; risks associated with our capital structure and our other indebtedness; our sales growth across our principal businesses and our strategy for controlling costs, growing margins, increasing manufacturing capacity and production levels, and making capital expenditures; our ability to deleverage through strategic disposals of certain assets and non-core businesses; raw material costs or supply arrangements; our technological and manufacturing assets and our ability to utilize them to further increase sales and the profitability of our businesses; impacts of climate change, including regulatory requirements on greenhouse gas emissions, the costs to purchase emissions allowances and the physical risks to our facilities of severe weather conditions; current or future health, safety and environmental requirements and the related costs of maintaining compliance with, and addressing liabilities under, those requirements; operational hazards, including the risk of accidents that result in injury to persons and environmental contamination; our ability to retain existing customers and obtain new customers; our ability to develop new products and technologies successfully; our ability to successfully integrate acquired businesses with our historical business and realize anticipated synergies and cost savings, including with respect to businesses acquired; currency fluctuations; our ability to attract and retain members of management and key employees; our relationship with our shareholders, affiliates and joint ventures and general economic, social or political conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.
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