20th May 2009 10:46
Greene King plc announces acceptances in respect of its Tender Offers for certain Notes of Greene King Finance plc
NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OR ITALY
20 May 2009.
On 12 May 2009 Greene King plc (the Company) announced separate invitations to holders of Greene King Finance plc's Class A4, Class B1 and Class B2 Notes described below (together the Notes and each a Class) to tender the Notes held by them for purchase for cash (the Offers). The Offers closed at 5.00 p.m. (London time) on 19 May 2009. The Company announces that an aggregate principal amount outstanding of Notes of £22.116 million has been accepted for purchase by its wholly-owned subsidiary, Greene King Debt Acquisitions Limited, acting as principal and not as agent, split between the Classes as follows: £6.106 million Class A4 Notes, £8.405 million Class B1 Notes and £7.605 million Class B2 Notes. Greene King Debt Acquisitions Limited will pay the amount indicated below for each £1,000 in principal amount outstanding of the Notes accepted for purchase pursuant to the Offers, and Greene King Debt Acquisitions Limited will also pay an Accrued Interest Payment in respect of such Notes, as further described in the Tender Offer Memorandum. Settlement is expected to occur on 26 May 2009.
|
Notes |
ISIN/ Common Code |
Outstanding Principal Amount |
Aggregate principal amount of Notes purchased (Class Acceptance Amount) |
Purchase Price per £1,000 of principal amount outstanding |
|
£265,000,000 Class A4 Secured 5.106 per cent. Notes due 2034 |
XS0252914923 /025291492 |
£265,000,000 |
£6,106,000 |
£643 |
|
£130,000,000 Class B1 Secured Fixed/Floating Rate Notes due 2034 |
XS0213358608 /021335860 |
£130,000,000 |
£8,405,000 |
£520 |
|
£115,000,000 Class B2 Secured Floating Rate Notes due 2036 |
XS0252915730 /025291573 |
£115,000,000 |
£7,605,000 |
£400 |
The weighted average Purchase Price across the £22.116 million was £512.7 per £1,000.
The Offers were made on the terms and subject to the conditions contained in the tender offer memorandum dated 12 May 2009 (the Tender Offer Memorandum) prepared by the Company for the Offers. The Offers were not made to any person located or resident in the United States or Italy, and were also subject to restrictions in other jurisdictions, all as further described in the Tender Offer Memorandum. This announcement must be read in conjunction with the Tender Offer Memorandum.
Further Information
|
Greene King plc |
Rooney Anand, chief executive Ian Bull, group finance director |
Tel: 01284 763222 |
|
Financial Dynamics |
Ben Foster |
Tel: 020 7831 3113 |
Requests for information in relation to the Offers should be directed to the Dealer Manager:
The Royal Bank of Scotland plc
135 Bishopsgate
London EC2M 3UR
Telephone: +44 20 7085 8056
Attention: Andrew Burton
Email: [email protected]
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