Caverion Corporation Stock Exchange Release 17 February 2022 at 5.00 p.m. EET
Caverion Corporation issues a EUR 75 million bond
Caverion Corporation ("Caverion") issues a senior unsecured bond of EUR 75 million (the "Bond"). The 5-year Bond matures on 25 February 2027 and it carries a fixed annual interest of 2.750 per cent and has an issue price of 99.425 per cent.
"I am very pleased with the demand investors showed towards our bond issue. This refinancing transaction extends our debt maturity profile, lowers our interest expenses and will support our strategy for sustainable profitable growth in 2022 and beyond", says Martti Ala-Härkönen, Chief Financial Officer of Caverion.
Caverion will no later than 30 April 2022 submit an application for the Bond to be admitted to trading on the official list of Nasdaq Helsinki Ltd. The net proceeds of the offering will be used for the partial repurchase of the existing notes due 2023 and the remaining proceeds for general corporate purposes. The tender offer results will be announced as soon as practicable after the expiry of the offer period.
Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) act as Joint Lead Managers for the issue of the Bond.
DKCO Attorneys-at-law Ltd acts as legal advisor to Caverion and the Joint Lead Managers in the issue of the Bond.
Distribution: Nasdaq Helsinki, principal media, www.caverion.com
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Caverion. The distribution of this release and the related material concerning the issuance of the Bond may, in certain jurisdictions, be restricted by law. No actions have been taken to register or qualify the Bond, or otherwise to permit a public offering of the Bond, in any jurisdiction. Any offering material or documentation related to the Bond may be received only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such offering material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such offering material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland. In particular, this release and any such offering material or documentation may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction in which it would not be permissible to offer the Bond and this release and any related material concerning the issuance of the Bond may not be sent to any person in the before mentioned jurisdictions. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell any of Caverion's securities, including the Bond, to any person in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Neither Caverion nor the Joint Lead Managers, or their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting Caverion's securities, including the Bond, are aware of such restrictions.
The Bond has not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the "U.S. Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. The Bond may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms are defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
The information provided in this release and any offer materials relating to the Bond is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000 as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) persons falling within Article 49(2)(a) to (d) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.