Not for distribution directly or indirectly in the United States, Canada, Australia or Japan / Bond issue project
Paris, May 26, 2015 – Nexans has today launched the process of roadshow meetings with fixed income investors and, subject to market conditions, a bond issue may follow. The amount of the targeted bond issue would be of approximately
€250 million, with an expected maturity of approximately five years.
The net proceeds of any such issue would be used by Nexans for general corporate purposes. These would include financing of its upcoming debt maturities (the €212.6 million OCEANE repayment expected to be due on January 1, 2016) and reducing of its financing costs. It would also include supporting the Group's previously announced transformation plan which contemplates the implementation of various cost reduction actions and/or plans that are currently being studied and aim to deliver €100 million of additional savings by 2017. The execution of certain of these plans, if adopted, would entail significant cash costs.
Depending on markets conditions, Nexans may decide not to proceed with the bond issue described above, or may decide to modify its terms, including increasing or decreasing the size of the bond.
Not for distribution in the United States, Australia, Canada or Japan.
This press release is for information purposes only and is not an offer to sell securities or a solicitation to buy securities in any jurisdiction, including in the United States, Australia, Canada and Japan. The securities mentioned in this press release were not and will not be offered through a public offering and no related documents will be distributed to the public in any jurisdiction. The circulation, publication or distribution of this press release is forbidden in any country where such circulation, publication or distribution would be an infringement of applicable laws and regulations.
Any offers and sales of bonds in the European Union, including in France, will be made only in private transactions that are exempted from the obligation to publish a prospectus under the Prospectus Directive (directive 2003/71/EC of the European Parliament and of the Council of November 4th, 2003) and under any relevant implementing measures in each member state. Potential investors are required by Nexans to inform themselves about and to observe these restrictions.
The securities described herein may not be offered or sold in the United States. Nexans does not intend to conduct a public offering in the United States or any other jurisdiction or to register any portion of an offering in the United States.
By accessing these materials, you confirm and agree that you are are not located in the United States, Canada, Australia or Japan.
Nexans sikrer tilgangen til energi gennem sit store og varierede udbud af kabler og kabelløsninger, som forbedrer vores kunders aktiviteter og resultater verden over. Nexans’ ambition er at være en samarbejdspartner, og en støtte for kunderne inden for fire hovedforretningsområder: elektrisk transmission og distribution (til havs og på land), energiressourcer (olie og gas, minedrift og vedvarende energikilder), transporter (veje, jernbaner, fly og skibe) samt installation (kommercielle bygninger, boliger og datacentraler). Nexans’ strategi bygger på en løbende innovation af produkter, løsninger og tjenester, kompetenceudvikling for medarbejdere, uddannelse af kunder og introduktion af sikre industriprocesser med mindst mulige miljøpåvirkning. I 2013 blev Nexans den første virksomhed i kabelindustrien, der oprettede en fond til fremme af langsigtede projekter, som giver udsatte samfund rundt om i verden tilgang til energi. Med en industriel tilstedeværelse i over 40 lande og salgskontorer over hele verden havde Nexans 26.000 medarbejdere og en omsætning på 6,4 milliarder euro i 2014. Nexans er børsnoteret på NYSE Euronext Paris, afdeling A. For mere information besøg www.nexans.dk.