EVRAZ announces pricing of a U.S.$750 million note issue and tender offers results
The closing and settlement are expected to be completed on 17 December 2015.
Evraz Group S.A. intends to use the net proceeds of the issue to refinance existing indebtedness.
Tender Offers
Pursuant to the tender offers announcement dated 4 December 2015, EVRAZ announces tender offers results as set forth in the table below:
Description of the Notes |
Minimum Denomination |
Principal Amount of Notes Tendered |
Issue Acceptance Amount |
Scaling Factor |
Outstanding Principal Amount Following Settlement of the Tender Offers |
U.S.$600,000,000 7.40% Notes due 24 April 2017 (ISIN: XS0652913558; Common Code: 065291355) |
U.S.$200,000 and integral multiples of U.S.$1,000 thereafter |
U.S.$313,783,000 |
U.S.$313,783,000 |
Not Applicable |
U.S.$286,217,000 |
U.S.$550,000,000 9.50% Notes due 24 April 2018 (ISIN: XS0359381331; Common Code: 035938133) |
U.S.$100,000 and integral multiples of U.S.$1,000 thereafter |
U.S.$155,767,000 |
U.S.$155,767,000 |
Not Applicable |
U.S.$353,433,000 |
U.S.$850,000,000 6.75% Notes due 27 April 2018 (ISIN: XS0618905219; Common Code: 061890521) |
U.S.$200,000 and integral multiples of U.S.$1,000 thereafter |
U.S.$367,584,000 |
U.S.$54,491,000 |
17.81% |
U.S.$795,509,000 |
The Maximum Consideration Amount was increased to U.S.$549,975,860.
Payments for the validly tendered Notes will be made on or about 18 December 2015.
All Notes purchased pursuant to the Tender Offer will not be reissued or resold.
Notes that have not been successfully tendered for purchase and accepted by the Company will remain outstanding and subject to the terms and conditions of such Notes.
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