9 Jun 2016 16:00
GRUPO CLARIN S.A.
Cablevision Board Approves Issuance of Notes
On 8 June 2016, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that its subsidiary Cablevision S.A. ("Cablevision") had published the Notice of Results relating to its Class "A" 5-Year Fixed Rate Notes, for an aggregate principal amount of up to USD 500,000,000.
Attached as Exhibit A is a free English language translation of the Notice of Results.
Enquiries:
In Buenos Aires:
Agustín Medina Manson / Patricio Gentile
Grupo Clarín
Tel: +5411 4309 7215
Email: investors@grupoclarin.com
In London:
Alex Money
Jasford IR
Tel: +44 20 3289 5300
Email: alexm@jasford.com
In New York:
Melanie Carpenter
I-advize Corporate Communications
Tel: +1 212 406 3692
Email: clarin@i-advize.com
Exhibit A
FREE TRANSLATION
NOTICE OF RESULTS
CABLEVISIÓN S.A.
CLASS "A" 5-YEAR FIXED RATE NOTES FOR AN AGGREGATE PRINCIPAL AMOUNT OF UP TO US$500,000,000
to be issued within the framework of the
GLOBAL PROGRAM FOR THE ISSUANCE OF NOTES FOR A NOMINAL AGGREGATE PRINCIPAL AMOUNT OF UP TO US$1,000,000,000 (OR ITS EQUIVALENT IN OTHER CURRENCIES)
This notice supplements the pricing supplement dated as of June 1, 2016 (as amended by the addenda to the pricing supplement dated as of June 3, 2016, the "Pricing Supplement" and the "Addenda", respectively), published in the Merval through the Daily Bulletin of the Buenos Aires Stock Exchange ("BCBA"), pursuant to the powers delegated by the Merval to the BCBA, as provided under Resolution No. 17,501 of the Argentine Securities Commission ("CNV"), dated as of June 1, 2016, and in the Electronic Bulletin of the Mercado Abierto Electrónico, S.A., ("MAE"). It may also be found on the CNV's website, www.cnv.gob.ar, under the ítem Información Financiera (Financial Information), on the Company's institutional website (www.cablevision.com.ar) and on the micro website for tenders of the SIOPEL system of the MAE www.mae.com.ar/mpmae, in connection with the Class "A" 5-Year Fixed Rate Notes, for an aggregate principal amount of up to US$ 500,000,000 (the "Notes") that will be issued by Cablevisión S.A. (the "Company"), exclusively for "qualified investors", as defined under Article 12 of Section II of Chapter VI of Title II of the CNV Rules, within the framework of its Global Program for the Issuance of Non-convertible Notes for a Nominal Aggregate Principal Amount of US$ 1,000,000,000 (or its equivalent in other currencies) (the "Program"). All capitalized terms not defined in this notice shall have the meaning attributed to them in the Pricing Supplement and/or the Addenda, as applicable.
Pursuant to the Pricing Supplement, we hereby inform the results of the placement of the Notes:
1) Principal Amount Bid: US$ 3,318,015,000
2) Principal Amount Placed: US$500,000,000
3) Principal Amount of Notes to be Issued: US$500.000.000
4) Interest Rate: 6.50%
5) Issue Price: 100% of the nominal value
6) Applicable Yield: 6.50%
7) Maturity Date: June 15, 2021
8) Principal Payment Date: June 15, 2021
9) Interest Payment Dates: December 15, 2016; June 15, 2017; December 15, 2017; June 15, 2018; December 15, 2018; June 15, 2019; December 15, 2019; June 15, 2020; December 15, 2020 and on the Maturity Date, June 15, 2021.
10) Optional Redemption with Prepayment Premium: Pursuant to the Pricing Supplement, the Company may redeem the Notes in full but not in part, at any time prior to June 15, 2019, at a redemption price equal to (i) 100% on the nominal value of the Notes to be redeemed, plus accrued and unpaid interest, plus, (ii) a prepayment premium.
11) Optional Redemption without Prepayment Premium: Pursuant to the Pricing Supplement, the Company may redeem the Notes in full or in part, at any time after June 15, 2019, at the following redemption prices, plus accrued and unpaid interest as of the redemption date:
As from June 15, 2019: 103.250%
As from June 15, 2020: 101.625%
As from June 15, 2021: 100.000%
12) Optional Redemption with the Proceeds of Share Offerings: At any time, on or before June 15, 2019, the Company may redeem up to 35% of the Notes with the net cash proceeds of certain offerings of shares.
13) Issue Date: June 15, 2016
Public Offering authorized by Resolution Nº18,067 dated as of May 26, 2016 of the CNV. This authorization only means that the Company has complied with established disclosure requirements. The CNV has not made any judgment about the data contained in the Prospectus and/or the Pricing Supplement. The veracity of the accounting, financial and economic information, as well as any other information included in the Prospectus and/or the Pricing Supplement is the exclusive responsibility of the board of directors and, to the extent it pertains to them, the Company's supervisory body and the auditors in connection with their respective reports about the consolidated financial statements attached and the other liable persons set forth under Articles 119 and 120 of the Capital Markets Law. The board of directors of the Company states, as an affidavit, that the Prospectus and the Pricing Supplement contain, as of the dates of their respective publications, true and sufficient information about all relevant facts that may affect the equity and the economic and financial situation of the Company and all information that must be known by the investor public in connection with this issue, pursuant to applicable law.
Local Agents | |||
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Banco Itaú Argentina S.A.Liquidation and Compensation Agent and Integral Negotiation AgentLicence Number 70 issued by the CNV | Industrial and Commercial Bank of China (Argentina) S.A.Liquidation and Compensation Agent and Integral Negotiation AgentLicence Number 74 issued by the CNV | ||
International Agents | |||
Deutsche Bank Securities, Inc | Itau BBA USA Securities Inc. | J.P. Morgan Securities LLC | |
The date of this Notice of Results is June 8, 2016
___________________________
Facundo Goslino
Subdelegate