Approval of the Amendment to Rallye's Safeguard Plan Relating to the Global Tender Offer Launched by Rallye on Its Unsecured Debt and Announcement of the Settlement Date
09 Mai 2022 - 7:34PM
Business Wire
Regulatory News:
Rallye (Paris:RAL) announces that the Paris Commercial Court has
approved today the amendment to its safeguard plan, allowing
therefore the effective completion of the global tender offer on
its unsecured debt launched on March 23, 2022 (the “Tender
Offer”) (see Rallye’s press release dated March 23, 2022).
Consequently, the settlement of the Tender Offer will occur on
May 16, 2022.
Rallye will spend EUR 36.6 million of cash to acquire EUR 242.3
million of nominal amount of unsecured debt, reducing the total
amount of its net financial debt by approximately EUR 234.8 million
(including accrued interests). The total amount of unsecured debt
purchased under the Tender Offer is allocated between the various
instruments according to the breakdown set out in the annex to the
press release issued by Rallye on April 6, 2022.
The repayment profile of Rallye's financial debt following the
settlement of the Tender Offer is detailed in the press release
attached to this article and available on the companies' website:
http://www.rallye.fr/en/press/press-releases.
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regulatory restrictions.
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Press contact: PLEAD Étienne Dubanchet +33 6 62 70 09 43
etienne.dubanchet@plead.fr
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