Avolta Prices EUR 500 Million of Senior Notes to Refinance Existing Debt

Avolta has successfully priced its offering of EUR 500 million in senior notes with a 4.750% interest rate, due 2031. The company announced that the interest on these notes would be paid semi-annually. This move is aimed at refinancing a portion of Avolta's senior notes that are due in 2024.

The new notes are expected to be listed on the Official List of The International Stock Exchange. This offering targets non-U.S. individuals outside the United States in compliance with Regulation S under the Securities Act of 1933. Avolta has affirmed that the securities mentioned will not be registered under the U.S. Securities Act, and there are no plans for a U.S. offering.

The release highlighted various legal and regulatory considerations, emphasizing that the notes are not intended for retail investors in the European Economic Area or the United Kingdom. This strategy aligns with the regulations set forth by the EU and UK, avoiding the need for a prospectus for the offer of these notes due to certain exemptions.

Avolta's initiative reflects a strategic financial decision to manage its debt profile efficiently. Prospective investors are cautioned about the forward-looking statements included in the release, signaling potential risks and uncertainties.