NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
KONECRANES STOCK EXCHANGE RELEASE, JUNE 2, 2017 at 17:30 EET
Konecranes Plc issues senior unsecured guaranteed notes of EUR 250 million (the “Notes”). The Notes were priced 165 basis points over the prevailing mid-swap rate and mature on June 9, 2022. The Notes bear a fixed annual interest rate of 1.750 percent and have an issue price of 99.697 percent. The Notes are callable before the final maturity.
“The issue of the Notes brings Konecranes successfully to the credit markets. With the support of strong financial markets and our good reputation, we are able to refinance a part of the loans raised to finance the MHPS acquisition at attractive rates,” says Konecranes’ President and CEO Panu Routila.
Application will be made for listing of the Notes on Nasdaq Helsinki Ltd. The proceeds from the Note offering will be used to refinance some of Konecranes’ existing indebtedness.
Nordea Bank AB (publ), OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) act as Lead Managers and Joint Bookrunners for the issue of the Notes.
KONECRANES PLC
Miikka Kinnunen Vice President, Investor Relations
FURTHER INFORMATION Mr. Tomi Hintikka, Vice President, Group Treasurer, tel. +358 (0) 20 427 2042 Mr. Miikka Kinnunen, Vice President, Investor Relations, tel. +358 (0) 20 427 2050
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2016, Group (comparable combined company) sales totaled EUR 3,278 million. The Group has 17,000 employees at 600 locations in 50 countries. Konecranes class A shares are listed on the Nasdaq Helsinki (symbol: KCR).
Disclaimer
This release 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 Konecranes Plc ("Konecranes"). The distribution of this release and the related material concerning the issuance of the Notes may, in certain jurisdictions, be restricted by law. No actions have been taken to register or qualify the Notes, or otherwise to permit a public offering of the Notes, in any jurisdiction. Any offering material or documentation related to the Notes may be received only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such offering material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such offering material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction. In particular this release and any such offering material or documentation may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction in which it would not be permissible to offer the Notes and this release and any related material concerning the issuance of the Notes may not be sent to any person in the beforementioned jurisdictions. The information contained herein shall not constitute an offer to sell or buy, or a solicitation of an offer to buy or sell any of Konecranes' securities including the Notes to any person in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither Konecranes, Nordea Bank AB (publ), OP Corporate Bank plc or Skandinaviska Enskilda Banken AB (publ), or their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting Konecranes' securities including the Notes are aware of such restrictions. The Notes have not been and will not be registered under the U.S. Securities Act, or under the securities laws of any state or other jurisdiction of the United States. The Notes may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons.
Konecranes has not authorized the offering of the Notes to the public in any member state of the European Economic Area (the "EEA"). All offers of the Notes in the EEA will be made pursuant to an exemption under the Prospectus Directive (Directive 2003/71/EC as amended), as implemented in the member states of the EEA (each, a "Relevant Member State"), from the requirement to produce a prospectus under the Prospectus Directive for offers of securities. An offer to the public of the Notes may not be made in that Relevant Member State, except that an offer of the Notes to the public in that Relevant Member State may be made under the following exemptions from the Prospectus Directive, if they have been implemented in that Relevant Member State: (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; (b) to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive; or (c) in any other circumstances falling within Article 3(2) of the Prospectus Directive, provided that no such offer of securities shall result in a requirement for Konecranes, Nordea Bank AB (publ), OP Corporate Bank plc or Skandinaviska Enskilda Banken AB (publ) to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive. The expression an "offer to the public" in relation to the Notes in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any securities to be offered so as to enable an investor to decide to purchase any securities, as the same may be varied in that Relevant Member State by any measure implementing the Prospectus Directive in that Relevant Member State.
The information provided in this release and any offer materials relating to the Notes is addressed to and directed only at persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 as amended, does not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) persons falling within Article 49(2)(a) to (d) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this document or any of its contents.
