Ferrari N.V. announces indicative results of the cash tender offers on certain series of its euro notes
12 Luglio 2019 - 11:20AM
Maranello, Italy 12 July 2019 - Ferrari N.V.
(NYSE/MTA: RACE) (Ferrari or the Company) hereby
announces, on a non-binding basis, the indicative results of its
invitation to eligible holders (subject to the offer restrictions
referred to in the Tender Offer Memorandum (as defined below)) of
the Company’s outstanding €700,000,000 0.250 per cent. Notes due 16
January 2021 (ISIN: XS1720053229) (the 2021 Notes), and the
Company’s outstanding €500,000,000 1.500 per cent. Notes due 16
March 2023 (ISIN: XS1380394806) (the 2023 Notes and,
together with the 2021 Notes, the Notes) to tender their
Notes for purchase by the Company for cash (the Offers and
each an Offer).
The Offers were announced on 4 July 2019 and
were made on the terms and subject to the conditions set out in the
tender offer memorandum dated 4 July 2019 (the Tender Offer
Memorandum). The Offers expired at 5.00 p.m. (Rome time) on 11
July 2019.
Capitalised terms used in this announcement but
not defined have the meanings given to them in the Tender Offer
Memorandum.
The Company hereby announces its non-binding
intention to accept for purchase valid tenders of the 2021 Notes
pursuant to the relevant Offer for an indicative aggregate nominal
amount of €200,000,000 and the 2023 Notes pursuant to the relevant
Offer for an indicative aggregate nominal amount of €115,395,000.
The Company intends to set the Maximum Acceptance Amount at
€315,395,000.
- PR Monza Indicative Results ENG 12.7.19
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