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MHP 2029 Bond Pricing

13 Sep 2019 13:47

RNS Number : 3197M
MHP SE
13 September 2019
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13Ā SeptemberĀ 2019

MHP NEW EUROBOND PRICING ANNOUNCEMENT

MHP, a leading agro-industrial company headquartered in Ukraine and one of the largest poultry producers in Southeast Europe, has announced that it has priced the U.S.$350.0Ā million aggregate principal amount of 6.25% notes due 19Ā SeptemberĀ 2029 (the "Notes") to be issued by its wholly-owned subsidiary, MHP Lux S.A., a company incorporated in Luxembourg. The Notes are expected to be rated B+ by Fitch, and B by S&P.

MHP intends to use the proceeds of the Notes, in part, to satisfy and discharge the indenture governing its 8.25% Notes due April 2020 (the "2020 Notes"), followed by a redemption of the entire U.S.$79.4Ā million in the aggregate principal amount of the 2020 Notes outstanding. The balance will be used for short-term debt refinancing, general corporate purposes and to pay fees and expenses related to the offering of the Notes.

Disclaimer

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy securities to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful, and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act"), or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.

This announcement is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as relevant persons). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.

In member states of the European Economic Area ("EEA"), this announcement is directed only at persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129, as amended.

Singapore Securities and Futures Act Product Classification - Solely for the purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the Securities and Futures Act (Chapter 289 of Singapore) (the "SFA"), MHP has determined, and hereby notifies all relevant persons (as defined in Section 309A of the SFA) that the Notes are "prescribed capital markets products" (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018).

This announcement is not an advertisement of securities in Ukraine, and is not an offer or invitation to, or solicitation of, any such circulation, distribution, placement, sale, purchase or other transfer of the securities in the territory of Ukraine. It is not intended to be and must not be publicly distributed in or into Ukraine.

Please address any questions or concerns to:

Anastasiya Sobotyuk (Kyiv)

+38 050 339 29 99

Director of Investor Relations and International Communications

a.sobotyuk@mhp.com.ua

John Grant (London)

+44 (0)7768 465042

Senior Independent Director

johngrant13@btconnect.com

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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