| ANNOUNCEMENT OF THE LAUNCH OF A TENDER OFFER AND OF A NEW ISSUE OF NEXITY BONDS |
| Paris, Tuesday, 6 June 2017 |
Nexity (the « Company ») will receive, until 20 june 2017 (included) the offers to sell of the holders of the 2018 Notes issued by the Company on 22 January 2013 maturing on 27 December 2018 which have been issued under a prospectus filled with the Autorité des marchés financiers (« AMF ») under the visa n°13-015 (ISIN Code: FR0011400605) (the « 2018 Notes »).
In order to finance the tender offer of the 2018 Notes (the « Tender Offer» ), the Company will simultaneously realise, by way of a private placement with institutional investor, a new issue of notes in one or several tranches listed on Euronext Paris Free Market. Subject to market conditions, the new issued notes would have an average maturity of 7 years (the " New Notes ").
The Tender Offer will be realised under the condition precedent of the settlement of the issuance of the New Notes for an amount equal to or exceeding the amount of the Tender Offer, on the date of issuance of the New Notes, which should occur on 29 June 2017 (the " Tender Offer Date ").
The Issuance of the New Notes for an amount equal at least to the amount of the Tender Offer is aimed at financing the general corporate purposes of the Company, by continuing to diversify its sources financing and lengthen the maturity of its financing.
The conditions of the Tender Offer are as described below; it being understood that the Company reserves the right to realise all or part the transaction depending on market conditions:
- Minimum nominal amount of the Tender Offer : minimum indicative threshold of EUR 50 million at the sole discretion of the Company.
- Indicative data on the Tender Offer price per 2018 Note : price excluding accrued interest calculated on the basis of (i) the interpolated mid-swap which will be determined on the date on which the final price is fixed (on or around 22 June at approximately 11:00 CET) by the banks and (ii) a spread of 90 basis points. Accrued coupons will only be paid to the Holders participating in the Tender Offer.
The holders of the 2018 Notes are invited to contact their financial intermediaries which should contact CACEIS Corporate Trust, acting in its capacity as tender agent for the Tender Offer.
The Notes purchased by the Company pursuant to the Tender Offer will be cancelled in accordance to their terms and conditions.
The final size and price of the Tender Offer as well as the final size and the conditions of the issuance of the New Notes will be disclosed in press releases of the Company.
Information on the Company, in particular with regard to its activity, its results, its perspectives and the relevant risk factors are available in the 2016 Company's Registration document (Document de référence) filled with the AMF on 6 April 2017 under the number D.17-0335 which can be consulted, as well as the other regulated information and press releases of the Company, on the web site of Nexity (www.nexity.fr).
The Tender Offer is further detailed in a notice available with CACEIS Trust and distribute through Euroclear France.
Tender Agent contact
CACEIS Corporate Trust 14, rue Rouget de Lisle 92130 Issy les Moulineaux France Attention : David Pasquale ; Jean-Charles Battaglia Tel: +33 1 57 78 34 28 ; +33 1 57 78 32 67 Fax: +33 1 49 08 05 87 Email: david.pasquale@caceis.com; jean-charles.battaglia@caceis.com; LD-F-CT-OST-MARCHE-PRIMAIR@caceis.com
DISCLAIMER
This press release and the information which it contains does not constitute either an offer to sell, or a request to purchase or to subscribe the notes in any country, in particular in the United States, in Canada, in Australia or in Japan. This press release does not constitute an invitation to participate in the Tender Offer. Such an invitation will be made by means of a notice which will be at the disposal of the investors to whom the invitation can legally be addressed. The distribution of this press release can, in certain countries be subject to specific regulations or be prohibited by law and the persons in possession of this press release will have to inquire about applicable restrictions and comply with them.
| ______ AT NEXITY, WE AIM TO SERVE ALL OUR CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVE Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns. Our business lines - real estate brokerage, management, design, development, planning, advisory and related services - are now optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole. Nexity is listed on the SRD and on Euronext's Compartment A Member of the following indices: SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable Ticker symbol: NXI - Reuters: NXI.PA - Bloomberg: NXI FP ISIN: FR0010112524 ______ CONTACT Domitille Vielle - Head of Investor Relations / +33 (0)1 85 55 19 34 - investorrelations@nexity.fr Jean-Marie Palu - Deputy Chief Financial Officer / +33 (0)1 85 55 18 10 - jmpalu@nexity.fr |
