THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
30 September 2019
HELLENIC PETROLEUM FINANCE PLC ANNOUNCES FINAL RESULTS OF THE TENDER OFFER
On 23 September 2019, Hellenic Petroleum Finance plc (the "Company") launched an invitation to holders of the Company’s €449,530,000 4.875 per cent. Notes due 2021 (the "Notes") guaranteed by Hellenic Petroleum S.A. (the "Guarantor") to tender such Notes for purchase by the Company for cash (the "Offer"), subject to applicable offer and distribution restrictions.
The Company today announces that it will (subject to satisfaction or waiver of the New Financing Condition) accept for purchase in cash an aggregate nominal amount of Notes validly tendered pursuant to the Offer equal to €248,441,000. The Company will accept all Tender and Priority Allocation Instructions and will reject all Tender Only Instructions. The Purchase Price will be 109.25 per cent. of the nominal amount of the Notes and the Company will also pay an Accrued Interest Payment. A summary is set out below:
Aggregate Aggregate Outstanding Nominal Nominal principal amount Aggregate Amount Amount of Notes Nominal Accepted Accepted following Description ISIN/Common Purchase Amount pursuant to pursuant to settlement of the Notes Code Price Accepted for Tender and Tender Only Purchase Priority Instructions Allocation Instructions €449,530,000 XS1500377517/ €248,441,000 €248,441,000 €0 109.25 per €201,089,000 4.875 per 150037751 cent. cent. Guaranteed Notes due 2021 of Hellenic Petroleum Finance plc
The Offer remains subject to the conditions and restrictions set out in a tender offer memorandum dated 23 September 2019 (the "Tender Offer Memorandum"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
Subject to satisfaction of the New Financing Condition, the expected Settlement Date for the Offer is 4 October 2019.
For Further Information
A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:
The Dealer Managers
Alpha Bank A.E. 40 Stadiou Str. 102 52 Athens Greece
Telephone: +30 210 326 8220 Attention: DCM Email: [email protected]
Citigroup Global Markets Limited Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
Telephone: +44 (0) 20 7986 8969 Attention: Liability Management Group Email: [email protected]
Credit Suisse Securities (Europe) Limited One Cabot Square Canary Wharf London E14 4QJ United Kingdom
Telephone: +44 20 7883 8763 Attention: The Liability Management Desk Email: [email protected]
Eurobank Ergasias S.A. 8 Othonos Str. 105 57 Athens Greece
Telephone: +30 210 3718996 Attention: Liability Management Group Email: [email protected]
Goldman Sachs International Plumtree Court 25 Shoe Lane London EC4A 4AU United Kingdom
Telephone: +44 (0) 20 7552 6157 Attention: Liability Management Group Email: [email protected]
National Bank of Greece S.A. Akadimias 68, 1st floor 10678 Athens, Greece
Telephone: +30 210 332 8851 Attention: Treasury Division Email: [email protected]
Nomura International plc 1 Angel Lane London EC4R 3AB United Kingdom
Telephone: +44 (0) 20 7103 6597 Attention: Liability Management Group Email: [email protected]
Piraeus Bank S.A. 4 Amerikis Str. 10564 Athens Greece
Telephone: +30 210 776 5341 Attention: Custody Corporate Actions Email: [email protected]
The Tender Agent
Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom
Telephone: +44 20 7704 0880 Attention: David Shilson Email: [email protected]
A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.
DISCLAIMER
The Dealer Managers do not take responsibility for the contents of this announcement. This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire any Notes is being made pursuant to this announcement.
The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum come into are required by each of the Company, the Guarantor, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.