Gestamp Automoción, S.A. (“Gestamp”) announced today that its subsidiary Gestamp Funding Luxembourg S.A. (the “Issuer”) has launched an offering of €400,000,000 aggregate principal amount of senior secured notes due 2023. Gestamp and certain of its subsidiaries will guarantee the notes and the notes will be secured by a charge over the shares of certain subsidiaries of Gestamp.
The net proceeds of the offering, if completed, along with existing cash on balance sheet, will be used to repurchase or redeem for cancellation all of the Issuer’s outstanding euro-denominated 5.875% senior secured notes due 2020 and to pay commissions, fees and other expenses associated with the offering and the repurchase.
Gestamp is a global leader in the design, development and manufacture of metal components and units for the leading car manufacturers. Gestamp specialises in the development of innovatively designed products in order to create increasingly safe and lightweight vehicles, thereby constantly improving energy consumption and environmental impact. Its products are used in all areas of bodywork, chassis and mechanisms.
Gestamp operates in 20 countries, with 95 industrial plants, 12 R&D centres and over 33,000 employees worldwide. In 2015, its turnover was 7.035 billion euros.
This press release is for information purposes only, shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (“Securities Act”) or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States or in any other jurisdiction will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements. This press release is being issued pursuant to and in accordance with Rule 135e under the Securities Act.
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