AMSTERDAM, Jan. 14, 2020 /PRNewswire/ -- VEON Holdings
B.V. (the "Issuer"), a subsidiary of VEON Ltd. (NASDAQ: VEON)
(Euronext Amsterdam: VEON), announces an offering of up to
$300,000,000 in aggregate principal
amount of senior unsecured notes (the "Notes"), to be consolidated
and form a single series with the $700,000,000 4.00% senior notes due 2025 issued
by the Issuer on October 9, 2019,
subject to market and other customary conditions (the
"Offering").
The Issuer intends to use the net proceeds of the Offering to
refinance certain existing outstanding debt and address upcoming
debt maturities and for general corporate purposes.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services, headquartered in
Amsterdam. For more information
visit: http://www.veon.com.
Important Notice
This release is for informational purposes only and shall not
constitute a prospectus or an offer to sell or the solicitation of
an offer to buy securities in the United
States or any other jurisdiction, nor shall there be any
sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under applicable securities laws. The Offering is
being made by means of an offering memorandum.
The Notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"). The
Notes may not be offered or sold in the
United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. There will be
no public offer of the Notes in the
United States (for these purposes, "United States" means the United States of America, its territories
and possessions, any State of the United
States, and the District of
Columbia). The Notes are being offered and sold in
the United States only to
qualified institutional buyers in accordance with Rule 144A under
the Securities Act and to non-U.S. persons outside the United States in accordance with
Regulation S under the Securities Act.
In member states of the European Economic Area, this release is
for distribution only to and directed only at persons who are
"qualified investors" within the meaning of Regulation (EU)
2017/1129 (as amended), and any relevant implementing measure in
the relevant Member State of the European Economic Area (each, a
"Relevant Member State"). In relation to each Relevant Member
State, the investment contemplated by this release does not
constitute and shall not, in any circumstances, constitute a public
offering nor an invitation to the public in connection with any
offer within the meaning of the Regulation (EU) 2017/1129 (as
amended). Each potential investor located within a Relevant
Member State will be deemed to have represented, acknowledged and
agreed that it is a "qualified investor" within the meaning of
Regulation (EU) 2017/1129 (as amended).
Manufacturer target market (MIFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs key information document (KID)
has been prepared as not available to retail investors in EEA.
Within the United Kingdom, this
release is for distribution only to and directed only at persons
who (a) have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended,
the "Financial Promotion Order"), (b) are persons falling within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations, etc") of the Financial Promotion Order, (c) are
outside the United Kingdom, or (d) are 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 investment may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as "relevant persons"). The investment
is not being offered to the public in the United Kingdom.
This release is directed only at relevant persons and must not be
acted on or relied on by persons who are not relevant
persons. The investment or investment activity to which this
release relates is only available to, and will only be engaged in
with, relevant persons and any person who receive this release who
is not a relevant person should not rely or act upon it.
Forward-Looking Statements
This release contains "forward-looking statements," as the
phrase is defined in Section 27A of the U.S. Securities Act of
1933, as amended, and Section 21E of the U.S. Securities Exchange
Act of 1934, as amended. The words "expect," "will," and similar
words are intended to identify estimates and forward-looking
statements. Forward-looking statements are not historical facts,
and include statements relating to, among other things, the
completion of the transaction described above. The forward-looking
statements included in this release are based on management's best
assessment of VEON's strategic and financial position and of future
market conditions, trends and other potential developments.
Forward-looking statements involve risks and uncertainties,
including, without limitation, the risk that the transaction
described above will not be completed. If such risks or
uncertainties materialize or such assumptions prove incorrect,
actual results could differ materially from those expressed or
implied by such forward-looking statements or assumptions. Certain
other factors that could cause actual results to differ materially
from those discussed in any forward-looking statements include the
risk factors described in VEON's Annual Report on Form 20-F for the
year ended 31 December 2018 and other
public filings made by VEON with the SEC. The forward-looking
statements included in this release are made only as of the date
hereof, and VEON disclaims any obligation to update them or to
announce publicly any revision to any of the forward-looking
statements contained in this release, or to make corrections to
reflect future events or developments.
VEON Contact information
Investor Relations
Nik Kershaw
ir@veon.com
Communications
Kieran
Toohey
pr@veon.com
Nik/Kieran: +31-20-79-77-200
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SOURCE VEON Holdings B.V