Veolia Environnement Announces the Launch of a Tender Offer on an Outstanding Series of EUR 600,000,000 Hybrid Notes and Its Intention to Issue New Hybrid Notes
2023年11月13日 - 6:41PM
ビジネスワイヤ(英語)
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Regulatory News:
Veolia Environnement (the “Company”) (Paris:VIE)
announces today the launch of a tender offer (the "Tender
Offer") to repurchase any and all of the EUR 600,000,000
Undated Deeply Subordinated Fixed Rate Resettable Notes (ISIN:
FR0013252061) (the "Existing Notes"), initially issued by
Vigie S.A. (formerly known as Suez S.A.) on 19 April 2017, but for
which all rights and obligations in respect thereof were
transferred to the Company in October 2022, of which EUR
600,000,000 is currently outstanding, upon the terms and subject to
the conditions set out in the tender offer memorandum dated 13
November 2023. The Existing Notes are admitted to trading on the
regulated market of Euronext Paris. The tender price payable for
the Existing Notes validly submitted for tender and accepted for
purchase by the Company has been fixed at 99.75% of the principal
amount of the Existing Notes.
In parallel, the Company announces its intention to issue,
subject to market conditions, new euro denominated hybrid notes
(the “New Notes”) to be offered to qualified investors
(including qualifying holders of the Existing Notes who may receive
priority on allocation).
The Tender Offer provides qualifying holders with the
opportunity to either only sell their holdings of the Existing
Notes ahead of the upcoming first optional par redemption date
(i.e. 20 January 2024) or to do the same whilst extending their
exposure to the Company’s hybrid debt by applying for priority in
the allocation of the New Notes.
The completion of the Tender Offer will depend on the pricing of
the issue of the New Notes in the sole determination and
satisfaction of the Company (or the waiver of this condition by the
Company).
The pricing of the New Notes is expected to be announced later
today. The New Notes are intended to be admitted to trading on
Euronext Paris. It is also expected that the rating agencies will
assign the New Notes a rating of BB+/Baa3 (S&P / Moody's) and
an equity content of 50%.
The acceptance of any Existing Notes validly tendered for
purchase is at the absolute discretion of the Company.
The Tender Offer will commence on 13 November 2023 and will
expire at 16:00 hours (CET) on 20 November 2023, unless extended,
withdrawn, re-opened or terminated at the sole and absolute
discretion of the Company. The results are expected to be announced
on 21 November 2023.
The purpose of the Tender Offer as well as the planned issuance
of the New Notes is, amongst other things, to proactively manage
the Company's stock of hybrid securities.
About Veolia
Veolia group aims to be the benchmark company for ecological
transformation. With nearly 230,000 employees worldwide, the Group
designs and provides game-changing solutions that are both useful
and practical for water, waste and energy management. Through its
three complementary business activities, Veolia helps to develop
access to resources, preserve available resources, and replenish
them. In 2022, the Veolia group provided 111 million inhabitants
with drinking water and 97 million with sanitation, produced 44
terawatt hours and recovered 61 million tonnes of waste. Veolia
Environnement (Paris Euronext: VIE) achieved consolidated revenue
of 42,885 millions euros in 2022. www.veolia.com
DISCLAIMER
This announcement does not constitute an invitation to
participate in the Tender Offer in or from any jurisdiction in or
from which, or to or from any person to or from whom, it is
unlawful to make such invitation under applicable laws and
regulations. The distribution of this announcement in certain
jurisdictions may be restricted by law. Persons into whose
possession this announcement comes are required to inform
themselves about, and to observe, any such restrictions.
Tenders of Notes for purchase pursuant to the Tender Offer will
not be accepted from qualifying holders in any circumstances in
which such offer or solicitation is unlawful. The Company does not
make any recommendation as to whether or not qualifying holders
should participate in the Tender Offer.
United States
The Tender Offer is not being made and will not be made directly
or indirectly in or into, or by use of the mails of, or by any
means or instrumentality (including, without limitation, telex,
telephone, email and other forms of electronic transmission) of
interstate or foreign commerce of, or any facility of a national
securities exchange of, or to owners of Notes who are located in
the United States as defined in Regulation S (the Regulation
S) of the U.S. Securities Act of 1933, as amended (the
Securities Act) or to, or for the account or benefit of, any
U.S. persons as defined in Regulation S (each a U.S. Person)
and such Notes may not be tendered in the Tender Offer by any such
use, means, instrumentality or facility from or within the United
States, by persons located or resident in the United States or by
U.S. Persons. Accordingly, this document and copies of this
document are not being, and must not be, directly or indirectly,
mailed or otherwise transmitted, distributed or forwarded
(including, without limitation, by custodians, nominees, trustees)
in or into the United States or to any such person. Any purported
offer to sell Notes in response to the Tender Offer resulting
directly or indirectly from a violation of these restrictions will
be invalid, and purported tender of Notes made by a person located
or resident in the United States, a U.S. Person, any person acting
for the account or benefit of a U.S. Person, or any agent,
fiduciary or other intermediary acting on a non-discretionary basis
for a principal giving instructions from within the United States
or any U.S. Person will not be accepted.
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Group Press Relations Laurent Obadia Evgeniya Mazalova –
Emilie Dupas Tel: + 33 (0)1 85 57 86 25/ 33 33
Investors & Analysts Relations Ronald Wasylec -
Ariane de Lamaze Tel: + 33 (0)1 85 57 84 76 / 84 80
Veolia Environnement (EU:VIE)
過去 株価チャート
から 4 2024 まで 5 2024
Veolia Environnement (EU:VIE)
過去 株価チャート
から 5 2023 まで 5 2024