Petropavlovsk PLC Announcement of Issuance of Senior Notes (4944W)
November 14 2017 - 11:10AM
UK Regulatory
TIDMPOG
RNS Number : 4944W
Petropavlovsk PLC
14 November 2017
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY, AND DOES NOT
CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO THE UNITED STATES OF AMERICA, OR TO ANY PERSON LOCATED
OR RESIDENT IN, THE UNITED STATES OF AMERICA, OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE
THIS ANNOUNCEMENT
US$500,000,000 8.125 per cent. Guaranteed Notes due 2022
14 November 2017
Further to the pricing announcement by Petropavlovsk PLC (the
Company) on 7 November 2017, the Company is pleased to announce the
successful issuance of US$500,000,000 8.125 per cent. guaranteed
notes (the Notes) due 2022.
The Company intends to use the net proceeds from the Notes issue
to substantially refinance the loans provided pursuant to the
banking facilities by Sberbank and VTB Bank.
The Notes bear interest at a rate of 8.125 per cent. per annum
from and including 14 November 2017. Interest on the Notes will be
payable semi-annually in arrear, on 14 May and 14 November in each
year commencing on 14 May 2018. The Notes are guaranteed by the
Company, JSC Pokrovskiy Rudnik, LLC Albynskiy Rudnik and LLC
Malomirskiy Rudnik. The Notes of US$500 million are due for
repayment on 14 November 2022, as a consequence no principal
payments are to be made prior to that maturity date. However
Petropavlovsk 2016 Limited, the Issuer, may redeem all, but not
part, of the Notes at par plus accrued and unpaid interest at any
time on or after 14 August 2022, by giving not more than 60 nor
fewer than 30 days' irrevocable notice to the Noteholders.
Citigroup Global Markets Limited, J.P. Morgan Securities plc,
SIB (Cyprus) Limited and VTB Capital plc have acted as Joint Lead
Managers.
The Notes have been admitted to the official list of the Irish
Stock Exchange and to trading on the Global Exchange Market of the
Irish Stock Exchange.
Nothing in this announcement constitutes an offer of any
securities in the United States of America (U.S.). The securities
referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended
(Securities Act) or with any securities regulatory authority of any
state or other jurisdiction of the U.S. and may not be offered or
sold within the U.S. or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the Securities Act),
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities
Act.
This announcement is not being reviewed or approved by an
authorised person for the purposes of Section 21 of the Financial
Services and Markets Act 2000. Accordingly, it is not being
distributed to, and must not be passed on to, the general public in
the United Kingdom (UK). This announcement is only being made to
those persons in the UK falling within the definition of investment
professionals (as defined in Article 19(5) of the Financial and
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
Financial Promotion Order) or persons falling within Article
49(2)(a) ("high net worth companies, unincorporated associations,
etc") of the Financial Promotion Order, including existing members
and creditors of the Issuer, or any other persons to whom it may
otherwise lawfully be made under the Financial Promotion Order.
This announcement is not an offer, or an invitation to make
offers, to sell, exchange or otherwise transfer any securities in
the Russian Federation to or for the benefit of any Russian person
or entity and does not constitute an advertisement or offering of
securities in the Russian Federation within the meaning of Russian
securities laws. This announcement has not been, nor shall be
distributed to the public in the Russian Federation. Information
contained in this announcement is not intended for any persons in
the Russian Federation who are not "qualified investors" within the
meaning of Article 51.2 of the Federal Law No. 39-FZ "On the
Securities Market" dated 22 April 1996, as amended (the Russian
QIs) and must not be distributed or circulated into the Russian
Federation or made available in the Russian Federation to any
persons who are not Russian QIs, unless and to the extent they are
otherwise permitted to access such information under Russian
law.
This announcement contains inside information for the purpose of
Article 7 of Regulation (EU) No 596/2014
For more information, please visit www.petropavlovsk.net and
www.ircgroup.com.hk or contact:
Petropavlovsk PLC Maitland
Alya Samokhvalova Neil Bennett
Grace Hanratty James Isola
+44 (0) 20 7201 8900 +44 (0) 20 7379 5151
TeamIR@petropavlovsk.net Petropavlovsk-Maitland@maitland.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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