Listing prospectus for Stockmann's EUR 250 million notes available
STOCKMANN plc, Inside Information 21.12.2017 at 14:00 EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Stockmann plc ("Stockmann") announced on 29 November 2017 its decision to issue senior secured notes in principal amount of EUR 250 million (the "Notes"). The Notes will mature on 11 January 2022 and carry a fixed annual interest of 4.75 per cent.
The Finnish Financial Supervisory Authority has on 20 December 2017 approved the English language listing prospectus of the Notes. The listing prospectus is available on the company's website at http://www.stockmanngroup.com/en/notes2017. A summary contained in the listing prospectus has been translated into Finnish and Swedish.
Stockmann has applied for the Notes to be listed on Nasdaq Helsinki Ltd. Public trading on the Notes is expected to commence on or about 22 December 2017 under the trading code "STCJ047522". The proceeds from the Notes have been used for the early redemption of the existing notes due 2018 and the refinancing of other existing financial indebtedness.
Further information: Kai Laitinen, CFO, tel. +358 9 121 5800
Disclaimer This announcement is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Stockmann. No actions have been taken to register or qualify the Notes, or otherwise to permit a public offering of the Notes, in any jurisdiction.
The distribution of this announcement may, in certain jurisdictions, be restricted by law. This announcement and any material or documentation related to the issuance of the Notes may be received only in compliance with applicable exemptions or restrictions. This announcement and any such material or documentation may not be distributed or published in any jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of such jurisdiction. Persons into whose possession this announcement or any such material or documentation may come are required to inform themselves of and observe all such restrictions. Neither Stockmann nor the lead managers nor their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting Stockmann's securities including the Notes are aware of such restrictions.
Any securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and any such securities may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of any U.S. person (as such terms are defined in Regulation S under the Securities Act).