Rolls-Royce Holdings plc Rolls-Royce Announces Senior Notes Offering (1427B)
05 Ottobre 2020 - 04:24PM
UK Regulatory
TIDMRR.
RNS Number : 1427B
Rolls-Royce Holdings plc
05 October 2020
NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN OR
AUSTRALIA.
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES OF ROLLS-ROYCE HOLDINGS PLC OR ROLLS-ROYCE PLC.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
5 October 2020
ROLLS-ROYCE ANNOUNCES
SENIOR NOTES OFFERING
Further to its announcement of its recapitalization package on 1
October 2020, Rolls-Royce Holdings plc (the "Company" and together
with its subsidiaries, the "Group" or "Rolls-Royce") today
announces that it is commencing a series of meetings with fixed
income investors with a view to launching, subject to market
conditions, an offering (the "Bond Offering") of senior unsecured
notes, which will be denominated in US dollars, euros and/or pounds
sterling, targeting maturities of 2026 (long 5 year) and 2027
(straight 7 year) (the "Notes"). The Notes will be issued by
Rolls-Royce plc , a wholly-owned subsidiary of the Company, and
guaranteed by the Company.
The Group intends to raise gross proceeds of at least GBP1bn
from the Bond Offering and use these proceeds together with those
of the rights issue that forms part of the recapitalization package
to enhance its financial resilience and deliver a more appropriate
balance sheet in order to position the Group for the post COVID-19
environment. This will enable the Group to improve its liquidity
headroom, reduce its level of balance sheet leverage while
supporting disciplined execution and investment to ensure maximized
value for existing capabilities.
IMPORTANT INFORMATION
NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN OR
AUSTRALIA.
Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
assumptions and are subject to a number of risks and uncertainties
that could cause actual events or results to differ materially from
any expected future events or results expressed or implied in these
forward-looking statements. Persons receiving this announcement
should not place undue reliance on forward-looking statements.
Unless otherwise required by applicable law, regulation or
accounting standard, the Group does not undertake to update or
revise any forward-looking statements, whether as a result of new
information, future developments or otherwise.
This announcement is not an offer of securities for sale in the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in
the United States absent registration or an applicable exemption
from registration requirements under the Securities Act. There is
no intention to register any securities referred to herein in the
United States or to make a public offering of the securities in the
United States. Any decision to invest in the Notes offered in the
Bond Offering must be made solely based on the information in the
offering memorandum relating to the Notes.
This announcement is for informational purposes only and is
directed only at persons who are: (a) persons in member states of
the European Economic Area (the "EEA") who are qualified investors
(as defined in Regulation (EU) No. 2017/1129); (b) persons in the
United Kingdom 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 senior secured 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.
About Rolls-Royce Holdings plc
1. Rolls-Royce pioneers cutting-edge technologies that deliver
clean, safe and competitive solutions to meet our planet's vital
power needs.
2. Rolls-Royce has customers in more than 150 countries,
comprising more than 400 airlines and leasing customers, 160 armed
forces, 70 navies, and more than 5,000 power and nuclear
customers.
3. Annual underlying revenue was GBP15.45 billion in 2019,
around half of which came from the provision of aftermarket
services.
4. In 2019, Rolls-Royce invested GBP1.46 billion on research and
development. We also support a global network of 29 University
Technology Centres, which position Rolls-Royce engineers at the
forefront of scientific research.
5. Rolls-Royce Holdings plc LEI: 213800EC7997ZBLZJH69
For further information, please contact:
Media
Richard Wray
Director of External Communications & Brand, Rolls-Royce
plc
Tel +44 (0) 7810 850055
Richard.Wray@Rolls-Royce.com
Investors
Isabel Green
Head of Investor Relations, Rolls-Royce plc
Tel +44 (0) 7880 160976
Isabel.Green@Rolls-Royce.com
www.Rolls-Royce.com
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