Schiphol Nederland B.V. announces debt tender offer
(Thomson Reuters ONE) -
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS, TO ANY PERSON LOCATED OR
RESIDENT IN THE REPUBLIC OF ITALY OR IN ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (See "Invitation and Distribution
Restrictions" below).
Schiphol Nederland B.V. announces debt tender offer
6 December 2010 - Schiphol Nederland B.V. (the "Company") announced today an
invitation to holders of its outstanding ?800,000,000 6.625 per cent. Guaranteed
Notes due 23 January 2014 guaranteed by N.V. Luchthaven Schiphol ("Schiphol
Group") under the ?2,000,000,000 Euro Medium Term Note Programme (the "Notes")
to tender their Notes for repurchase for cash up to a maximum tender amount of
?150,000,000 of the outstanding Notes (the "Invitation").
The Invitation is made on the terms and subject to the conditions contained in
the Tender Offer Memorandum dated 6 December 2010 (the "Tender Offer
Memorandum") including the invitation and distribution restrictions contained
therein and this announcement should be read in conjunction with the Tender
Offer Memorandum. Capitalised terms used but not otherwise defined in this
announcement shall have the meaning given to them in the Tender Offer
Memorandum.
The Company will pay for each ?1,000 in nominal amount of the Notes accepted by
it for repurchase pursuant to the Invitation a price to be determined at the
Pricing Time on the Pricing Date in the manner described in the Tender Offer
Memorandum by reference to the sum of a repurchase spread of 25 basis points and
the Interpolated Mid-Swap Rate. The Company will also pay, on the Settlement
Date, Accrued Interest on such Notes.
Rationale for the Invitation
The purpose of the Invitation is to retire the Notes prior to their maturity in
order to lower the Company's interest expense and improve the Company's debt
profile. The Company expects to retire and cancel any Notes purchased pursuant
to the Invitation.
Maximum Tender Amount
The Invitation is limited to a maximum of ?150,000,000 in aggregate nominal
amount of Notes (the "Maximum Tender Amount").
See PDF attached for more information
Pdf Press release Schiphol Nederland B.V. announces debt tender offer:
http://hugin.info/132864/R/1469075/406435.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schiphol Group via Thomson Reuters ONE
[HUG#1469075]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2010 - 09:03 Uhr
Sprache: Deutsch
News-ID 49422
Anzahl Zeichen: 3277
contact information:
Town:
Schiphol
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 388 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Schiphol Nederland B.V. announces debt tender offer"
steht unter der journalistisch-redaktionellen Verantwortung von
Schiphol Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
