Funds raised by this bond will be used to reinforce the Group's financial means and allow it to continue its development. The Group decided to reinforce its financial structure without waiting for the 2006 maturity of its outstanding convertible bond by taking advantage of the historically low long-term interest rate environment.
Technip, after having successfully refinanced its existing bank credit lines last week with a new five-year EUR 850 million syndicated revolving credit facility, specifies that it has no current plans to increase its capital expenditure program or to make any significant acquisitions.
The bond offering is expected to be placed during the coming weeks and will be underwritten by a syndicate of international investment banks.
This announcement does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States. The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This notice is issued pursuant to Rule 135c of the Securities Act of 1933.
This communication is for distribution only to persons who (i) are outside the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49(2)(a) through (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001, as amended (all such persons together being referred to as "relevant persons"). This communication is only directed at relevant persons and must not be acted on or relied on by persons other than relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.
This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in France. The Notes may not and will not be offered or sold to the public in France except to qualified investors (investisseurs qualifies) acting for their own account, all as defined in, and in accordance with, Article L. 411-2 of the Code Monetaire et Financier and Decree no. 98-880 dated October 1, 1998.
Most Popular Articles