Ferrari Announces Offering of Notes
13 Maggio 2024 - 12:09PM
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON
LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND
POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF
COLUMBIA OR TO ANY U.S. PERSON
Maranello (Italy), 13
May, 2024 - Ferrari N.V. (“Ferrari”)
(NYSE/EXM: RACE) announced today that it plans to offer unsecured
debt securities (the “Notes”) in benchmark size
and subject to market conditions. The Notes are intended to
rank pari passu with respect to all other outstanding
unsecured and unsubordinated obligations of Ferrari.
Ferrari intends to use the net proceeds from the
offering of the Notes for general corporate purposes.
The Notes will be offered and sold under
Regulation S under the Securities Act of 1933, as amended (the
“Securities Act”). The Notes have not been and
will not be registered under the Securities Act or the securities
laws of any other jurisdiction, and may not be offered or sold in
the United States without registration or an applicable exemption
from registration requirements of the Securities Act and applicable
state laws.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy any securities nor
shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
This press release is directed only (i) at
persons who are outside the United Kingdom, (ii) to investment
professionals falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended or (iii) at persons falling within Article 49(2) (a) to (d)
(‘high net worth companies, unincorporated associations, etc.’) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, as amended (all such persons together being referred to
as ’relevant persons‘). This press release must not be acted on or
relied on by persons who are not relevant persons. Any investment
activity to which this press release relates is reserved for
relevant persons only and may only be engaged in by relevant
persons.
This announcement is an advertisement and is not
a prospectus for the purposes of Regulation (EU) 2017/1129 (as
amended, the “Prospectus Regulation”). The Notes
will be issued under a prospectus. The final form prospectus will
be prepared and made available to the public in accordance with the
Prospectus Regulation. The final form prospectus, when published,
will be available
at https://corporate.ferrari.com/en/investors/bond-info.Relevant
stabilisation regulations including Financial Conduct
Authority/ICMA apply.
MiFID II professionals/ECPs-only/No
PRIIPs KID
Manufacturer target market (MIFID II product
governance and UK MiFIR product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as not the Notes are not available to retail investors in
either the EEA or the UK.
This press release contains forward-looking
statements. These statements are based on the Group’s current
expectations and projections about future events and, by their
nature, are subject to inherent risks and uncertainties. They
relate to events and depend on circumstances that may or may not
occur or exist in the future and, as such, undue reliance should
not be placed on them. Actual results may differ materially from
those expressed in such statements as a result of a variety of
factors, including: volatility and deterioration of capital and
financial markets, changes in commodity prices, changes in general
economic conditions, economic growth and other changes in business
conditions, macro events, pandemics and conflicts, weather, floods,
earthquakes or other natural disasters, changes in government
regulation (in each case, in Italy or abroad), production
difficulties, including capacity and supply constraints and many
other risks and uncertainties, most of which are outside of the
Group’s control.
- FNV PR Launch ENG 13 May 24
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