Michelin : Michelin contemplates a euro three-tranches bond

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
72
Michelin : Michelin contemplates a euro three-tranches bond offering

PRESS RELEASE Clermont-Ferrand, August 28, 2018

COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN

Michelin contemplates a euro three-tranches bond offering

Today at 10:30 am (CET), Michelin will have a global investor conference call with debt investors, with the intention of launching a euro three-tranche bond offering, with 7-year, 12-year and 20-year maturities respectively.

The net proceeds from the issuance of the bonds will be used for general corporate purposes.

This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for or to sell the bonds and the offering of the bonds is not an offer to the public in any jurisdiction, including France

Investor Relations   Edouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Matthieu Dewavrin +33 (0) 4 73 32 18 02 +33 (0) 6 71 14 17 05 (mobile) matthieu.dewavrin@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Media Relations   Corinne Meutey   +33 (0) 1 78 76 45 27   +33 (0) 6 08 00 13 85 (mobile) corinne.meutey@michelin.com      

                    D I SC L A IM E R

I mportant information

This press release may not be published, distributed or released directly or indirectly in the United States of America, Australia, Canada or Japan. The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes, should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

No communication or information relating to the offering may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance or the subscription of the bonds may be subject to legal and regulatory restrictions in certain jurisdictions; Michelin assumes no liability in connection with the breach by any person of such restrictions.

This press release is an advertisement and not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of November 4, 2003 as amended (the " Prospectus Directive ").

The bonds will be offered only by way of a private placement in France to persons referred to in Article L.411-2-II of the French monetary and financial code ( Code monétaire et financier ) and outside France (excluding the United States of America, Australia, Canada and Japan), and there will be no public offering in any country (including France). This press release does not constitute a recommendation concerning the issue of the bonds. The value of the bonds can decrease as well as increase. Potential investors should consult a professional adviser as to the suitability of the bonds for the person concerned.

Prohibition of sales to E uropean Economic Area retail investors

No action has been undertaken or will be undertaken to make available any bonds to any retail investor in the European Economic Area. For the purposes of this provision:

  1. the expression "retail investor" means a person who is one (or more) of the following:  
  2. a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, " MiFID II "); or  
  3. a customer within the meaning of Directive 2002/92/EC (as amended, the " Insurance Mediation Directive "), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or  
  4. not a "qualified investor" as defined in the Prospectus Directive; and  
  5. the expression "offer" includes the communication in any form and by any means of sufficient information on the terms of the offer and the bonds to be offered so as to enable an investor to decide to purchase or subscribe the bonds.
  6. Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the " PRIIPs Regulation ") for offering or selling the bonds or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the bonds or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation.

    France

    The bonds have not been and will not be offered or sold or cause to be offered or sold, directly or indirectly, to the public in France. Any offer or sale of the bonds and distribution of any offering material relating to the bonds have been and will be made in France only to (a) persons providing investment services relating to portfolio management for the account of third parties ( personnes fournissant le service d'investissement de gestion de portefeuille pour compte de tiers ), and/or (b) qualified investors ( investisseurs qualifiés ) acting for their own account, as defined in, and in accordance with, Articles L.411-1, L.411-2 and D. 411-1 of the French monetary and financial Code ( Code monétaire et financier ).

    U nited Kingdom

    This press release is addressed and directed only (i) to persons located outside the United Kingdom, (ii) to investment professionals as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the " O rder "), (iii) to people designated by Article 49(2) (a) to (d) of the Order or (iv) to any other person to whom this press release could be addressed pursuant to applicable law (the persons mentioned in paragraphs (i), (ii), (iii) and (iv) all deemed relevant persons (" Relevant Persons ")). The bonds are intended only for Relevant Persons and any invitation, offer of contract related to the subscription, tender, or acquisition of the bonds may be addressed and/or concluded only with Relevant Persons. All persons other than Relevant Persons must abstain from using or relying on this document and all information contained therein.

    This press release is not a prospectus which has been approved by the Financial Conduct Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the Financial Services and Markets Act 2000.

    U nited States of America

    This press release may not be published, distributed or transmitted in the United States of America (including its territories and dependencies, any State of the United States of America and the District of Columbia). This press release does not constitute or form a part of any offer or solicitation to purchase for securities in the United States of America. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the " Securities Act "), and may not be offered or sold in the United States of America except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Michelin does not intend to register any portion of the proposed offering in the United States of America and no public offering will be made in the United States of America.

    Australia, Canada and Japan

    The bonds may not and will not be offered, sold or purchased in Australia, Canada or Japan. The information contained in this press release does not constitute an offer of securities for sale in Australia, Canada or Japan.

    The distribution of this press release in certain countries may constitute a breach of applicable law.

    Attachment

Scroll down for more posts ▼

Top 10 Most Recent News Articles

BOC Group Sustains Leadership in Enterprise Architecture

Updated Category News Views 25

BOC Group's Continued Dominance It's not every day you see a company like BOC Group sticking to the Leader spot in Gartner's Magic Quadrant for six straight years. Anyone entrenched in enterprise architecture can recognize what a feat that is. Their tool, ADOIT, isn't just riding the AI trend—it’s steering it. It's like they've got this knack for fusing technology...

Continue Reading
WareSpace Expands in U.S. with Key Site Acquisitions

Updated Category News Views 81

WareSpace's National Growth Strategy: A New Expansion Chapter They say everything's bigger in Texas, but WareSpace is showing that smaller can be mighty impactful too. With its shrewd acquisition of sites in Houston's Inner Loop and Fremont's Warm Springs corridor, WareSpace is playing it smart, appeasing that roaring demand for tiny but mighty warehouse spaces across...

Continue Reading
Farmer Sentiment Rises, Hints of Cautious Optimism

Updated Category News Views 54

Sifting Through October's Optimism: Farmers' Sentiments October saw a glimmer of hope in the agricultural sector as the Purdue University/CME Group Ag Economy Barometer inched upward from 123 to 126. Sure, it's not a fireworks display, but it's a far cry from doom and gloom. This slim gain in sentiment comes on the coattails of some government help through Agriculture...

Continue Reading
Katie Lee: Embracing Losses for Business Success

Updated Category News Views 134

Redefining Adversity Through Business Acumen You'd think building a business empire requires nothing short of pure triumph, yet Katie Lee sings a different tune altogether. Lee's path from high school dropout to a prominent figure in the culinary world is paved with setbacks—albeit ones she wears like badges of honor. This November 18th, catch her at the New York Public...

Continue Reading
China-CEEC Forum Sparks Robust SME Partnerships

Updated Category News Views 57

There’s a fresh buzz around Cangzhou's efforts to galvanize business opportunities between China and Central and Eastern Europe. The 7th China-CEEC SME Forum, kicking off in this city of Hebei Province, isn’t just another meeting of the minds. Nope, it’s like a marketplace thrown into overdrive—where AI strategies and logistics are shaping up to be the star...

Continue Reading
First Industrial Declares Regular Dividend Amid Growth Insights

Updated Category News Views 10

Dividend Declaration Reflects Confidence First Industrial Realty Trust, folks, just put another office stamp on their ongoing reliability quest—and I'm talking dividends. They're shelling out a tidy $0.50 per share for Q4 2026, with stockholders due to see the cash on January 19, 2027. That's like clockwork precision, showing a steadiness in what some call the unruly...

Continue Reading
Windward Expands Maritime Scope with Azimut.ai Deal

Updated Category News Views 65

An Invincible Maritime Shield When it comes to maritime intelligence, Windward just pulled a fast one. In a market where staying ahead of the game is like playing three-dimensional chess, they've snatched up Azimut.ai. This ain't some small fry; it's a visual intelligence firm poised to shore up Windward's grip on the elusive maritime world. Charting New Waters with...

Continue Reading
Waters Acquires MOBILion: Ion Mobility Meets AI

Updated Category News Views 59

MOBILion Joins Waters' Fold: A New Era for Proteomics Ah, the biotech world just saw another big whirl with Waters Corporation snagging MOBILion Systems. Now, this isn't just some stroll in the market park. We're talking about weaving MOBILion's fancy high-resolution ion mobility separation tech right into Waters' already robust mass spectrometry setup. These folks are...

Continue Reading
Sesame Software's Game-Changer: Smooth CRM Switch

Updated Category News Views 31

Why Leaving Salesforce Isn't as Crazy as It Sounds Stepping away from Salesforce isn't your run-of-the-mill decision for businesses. It’s more like abandoning ship, anticipating lurking dangers: losing cherished data, facing burdensome API restrictions, and fretting over years of trapped history. It’s not as simple as flipping a switch, and that’s what keeps most...

Continue Reading
Atomic Mobile's Global IoT Game Changer in Connectivity

Updated Category News Views 0

Atomic Orbit Unlocks Global Connectivity Think about the hassle businesses face globally when devices drop off the grid. It's like losing a lifeline. Atomic Mobile, outta Spring Lake, decided enough's enough and dropped their latest brainchild on the world — Atomic Orbit. This bad boy is turning heads because it's not clinging to a single carrier. Instead, it's dancing...

Continue Reading

Top 5 Most Recently Viewed Articles

Insights into abrdn Japan Equity Fund's Tender Offer Strategy

Updated Category News Views 262

Understanding the Tender Offer and Reorganization Process abrdn Japan Equity Fund, Inc. (NYSE: JEQ) is entering an exciting phase as it moves forward with additional details regarding its tender offer and the anticipated reorganization with abrdn Global Infrastructure Income Fund (NYSE: ASGI). As this process unfolds, it is essential for investors to grasp the key details...

Continue Reading
Zhejiang's Journey to Showcase Common Prosperity and Innovation

Updated Category News Views 288

Zhejiang's Model for Common Prosperity Zhejiang province is setting the standard as a national leader in achieving common prosperity through robust, high-quality development. Central to this initiative is the rapid advancement in science and technology that has redefined the economic landscape of the region. Innovative Breakthroughs Fueling Growth In line with its...

Continue Reading
Adlai Nortye's Management Team Engages Investors Through Conferences

Updated Category News Views 172

Adlai Nortye's Upcoming Investor Conferences Adlai Nortye Ltd. (NASDAQ: ANL), a clinical-stage biotechnology firm dedicated to advancing innovative cancer treatments, has announced that its management will take part in several notable investor conferences to enhance engagement with stakeholders. Participation Details The upcoming conferences provide a platform for the...

Continue Reading
Fostering Connections: How Care Services Combat Senior Isolation

Updated Category News Views 65

Fostering Connections: Addressing Senior Loneliness During the Holidays As the holiday season comes around each year, many individuals find themselves filled with joy and anticipation. However, for seniors, the approach of this festive time can heighten a sense of loneliness, particularly for those living alone or away from family. It is during these moments that the...

Continue Reading
Understanding Goldman Sachs Gr's Recent Options Trends

Updated Category News Views 174

Goldman Sachs Gr Sees Significant Options Activity Large investors are adopting a cautious stance towards Goldman Sachs Gr (NYSE: GS), and this trend is sparking attention in the market. Options trading, particularly when it involves major players, often hints at underlying sentiments regarding future price movements. Recent data reflects heightened activity within the...

Continue Reading