Closing of Offering of Senior Secured Notes

ContourGlobal plc

Closing of Offering of Senior Secured Notes

August 2, 2019 - Luxembourg: ContourGlobal Power Holdings S.A. (the "Issuer") today announced the closing of its previously announced private offering of an additional €100 million aggregate principal amount of its 4.125% Senior Secured Notes due 2025 (the "Notes") to eligible purchasers as an add-on to the existing €300 million aggregate principal amount of such notes issued in July 2018 (the "Existing Notes"). The Notes were priced at 106% of par plus accrued interest from August 1, 2019. The Notes have identical terms as the Existing Notes, other than the date of issue, the initial date from which interest accrues and the initial price.

The Issuer intends to use the net proceeds from the offering of Notes for general corporate purposes.

Cautionary Statement

The Notes were offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and, outside the United States, to non-U.S. investors pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

This announcement is for informational purposes only and (a) in member states of the European Economic Area (other than the United Kingdom), is directed only at persons who are qualified investors (as defined in the Prospectus Regulation (EU) 2017/1129); (b) in the United Kingdom, is directed only at persons who are qualified investors and who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) persons falling within Article 49(2) (a) to (d) of the Order ("high net worth companies, unincorporated associations, etc."); or (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any Notes may otherwise be lawfully communicated or cause to be communicated (all such persons in (a) and (b) together being referred to as "relevant persons"). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About ContourGlobal

ContourGlobal is listed on the premium segment of the London Stock Exchange (TKR: GLO). ContourGlobal is an international owner and operator of contracted wholesale power generation businesses with approximately 4,317 MW in operation in 18 countries. ContourGlobal operates a portfolio of 101 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies.

Forward Looking Statements

This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. The Issuer undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in ContourGlobal's business or to reflect the occurrence of unanticipated events. 

Enquiries:

Investor Relations - ContourGlobal

Alice Heathcote

Tel: +1 617 690 9633

[email protected]

Media - Brunswick

Charles Pretzlik

Tel: +44 (0) 207 404 5959

[email protected]