Fnac Darty: launches a E500m senior bond offering

(CercleFinance.com) - Fnac Darty announces the launch of a E500m senior bond offering maturing in 2029 and a cash tender offer for its existing senior bonds maturing in 2024 and 2026.


The Company intends to use the gross proceeds of the New Bond Offering to redeem the Existing Bonds under the Redemption Offer and to pay the fees and expenses related to the Transactions. If all of the Existing 2024 Bonds are not repurchased under the Repurchase Offer, the Company intends to redeem them in full at a price of 100% after the closing of the Repurchase Offer.

If necessary, the Company also plans to redeem part of the 2026 existing bonds not redeemed under the Buyback Offer when they become redeemable at a price of 100% (on or after 30 May 2024), so that the principal amount of the Existing Bonds 2026 is E50m.


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