Groupama Assurances Mutuelles launches a tender offer to repurchase its Undated Senior Subordinated Notes issued in 2014
October 03 2022 - 3:38AM
Groupama Assurances Mutuelles launches a tender offer to repurchase
its Undated Senior Subordinated Notes issued in 2014
Groupama Assurances Mutuelles
(Groupama) is today announcing the launch of a
tender offer (the Tender Offer) to repurchase up
to EUR 400,000,000 in nominal amount (subject to the right of
Groupama in its sole and absolute discretion to increase or
decrease such amount) of its EUR 1,100,000,000 Undated Senior
Subordinated Notes issued in 2014 (ISIN: FR0011896513) (the
Notes). The Notes are admitted to trading on the
regulated market of Euronext Paris.
The purpose of the Tender Offer for Groupama is,
amongst other things, to proactively manage its capital structure.
The Tender Offer also provides qualifying holders with the
opportunity to sell their Notes.
The Tender Offer will be open during the period
from 3 October 2022 to 16:00 hours (CET) on 7 October 2022, subject
to changes as a result of any extension, withdrawal, termination or
amendment of the Tender Offer. The results are expected to be
announced on 10 October 2022.
Disclaimer
This announcement does not constitute an
invitation to participate in the Tender Offer in or from any
jurisdiction in or from which, or to or from any person to or from
whom, it is unlawful to make such invitation under applicable
securities laws. The distribution of this announcement in certain
jurisdictions may be restricted by law. Persons into whose
possession this announcement comes are required to inform
themselves about, and to observe, any such restrictions.
Tenders of Notes for purchase pursuant to the
Tender Offer will not be accepted from qualifying holders in any
circumstances in which such offer or solicitation is unlawful.
Groupama does not make any recommendation as to whether or not
qualifying holders should participate in the Tender Offer.
United States
The Tender Offer is not being made and will not
be made directly or indirectly in or into, to owners of Notes who
are located in the United States as defined in Regulation S of the
U.S. Securities Act of 1933, as amended (the Securities
Act) or to U.S. Persons as defined in Regulation S of the
Securities Act (each a U.S. Person) and such Notes
may not be tendered in the Tender Offer by any such use, means,
instrumentality or facility from or within the United States, by
persons located or resident in the United States or by
U.S. Persons. Accordingly, copies of this document are not
being, and must not be, directly or indirectly, mailed or otherwise
transmitted, distributed or forwarded in or into the United States
or to any such person. Any purported offer to sell in response to
the Tender Offer resulting directly or indirectly from a violation
of these restrictions will be invalid, and offers to sell made by a
person located or resident in the United States or any agent,
fiduciary or other intermediary acting on a non-discretionary basis
for a principal giving instructions from within the United States
or any U.S. Person will not be accepted.
Investors & Analysts contactValérie Buffard
– valerie.buffard@groupama.com – +33 (0)6 70 04 12 38
- Groupama_Financial release_3Oct2022
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