INEOS announces satisfaction of the conditions for the redemption of all of its outstanding 5 3/8% Senior Notes due 2024 and 5 5/8% Senior Notes due 2024.
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INEOS announces satisfaction of the Conditions for the Redemption of all of its outstanding 53/8% senior notes due 2024 and 5 5/8% senior notes due 2024.
LUXEMBOURG – November 8, 2021
INEOS Group Holdings S.A. (“INEOS”) today announces that it has raised funds sufficient, together with cash on hand, to pay the redemption price for all of its outstanding €650 million outstanding 53/8% Senior Notes due 2024 (the “Euro Notes”) and $500 million outstanding 5 5/8% Senior Notes due 2024 (the “Dollar Notes” and, together with the Euro Notes, the “Notes”) in full, and to pay all related expenses on or before the redemption date, which Notes have been conditionally called to be redeemed on November 9, 2021. As such, the Refinancing Condition (stated in each of the notices of conditional redemption issued on October 29, 2021) has been satisfied, and the redemption of the Notes will occur on November 9, 2021.
53/8% Senior Secured Notes due 2024
ISIN Numbers: XS1405769560 (Rule 144A) and XS1405769990 (Regulation S)
Common Code: 140576956 (Rule 144A) and 140576999 (Regulation S)
5 5/8% Senior Secured Notes due 2024
ISIN Numbers: US44986UAD19 (Rule 144A) and USL5078PAH03 (Regulation S)
Common Code: 146 226 388 (Rule 144A) and 146 226 400 (Regulation S)
CUSIP: 44986U AD1. (Rule 144A) and L5078P AH0 (Regulation S)
Contact
For further information, please contact:
Richard Longden
Direct tel.: +41 (0) 21 627 7063
Mobile: +41 (0) 799 626 123
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This announcement is not a public offering or an offer of securities to the public in the Grand Duchy of Luxembourg or in any European Economic Area member state within the meaning of the EU Prospectus Regulation (EU) 2017/1129 of the European Parliament and Council of June 14, 2017 relating to the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and / or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities, as amended from time to time.
Forward Looking Statements
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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