Greenko Group plc Pricing of Senior Notes - RNS Released Pre-Market (3180N)
July 25 2014 - 10:58AM
UK Regulatory
TIDMGKO
RNS Number : 3180N
Greenko Group plc
25 July 2014
25 July 2014
Greenko Group plc
("Greenko" or "the Company")
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF
AMERICA OR IN ANY OTHER JURISDICTION IN WHICH TO DO SO WOULD BE
PROHIBITED BY APPLICABLE LAW OR REGULATION
Pricing of Senior Notes
Greenko Group plc, the Indian developer, owner and operator of
clean energy projects, today announces the pricing of an offering
by its subsidiary, Greenko Dutch BV, of 8.00% Senior Notes due 2019
in an aggregate principal amount of US$550.0 million. The net
proceeds of the offering will be used primarily towards repaying
the Group's existing indebtedness.
Approval-in-principle has been received for the listing of the
Notes on the Singapore Exchange Securities Trading Limited (the
"SGX-ST"). Admission of the Notes to the SGX-ST is not to be taken
as an indication of the merits of the Issuer or the Notes.
For further information please visit www.greenkogroup.com or
call:
Greenko Group plc
Anil Chalamalasetty/Mahesh Kolli/ Vasudeva
Rao Kaipa +44 (0)20 7920 3150
Arden Partners plc
Richard Day/Steve Douglas +44 (0)20 7614 5917
Investec Bank plc
Jeremy Ellis / Gary Clarence +44 (0)20 7597 4000
Tavistock Communications
Matt Ridsdale / Mike Bartlett/ Niall Walsh +44 (0)20 7920 3150
About Greenko
Greenko is a mainstream participant in the growing Indian energy
industry and a market leading owner and operator of clean energy
projects in India utilising a de-risked portfolio of wind,
run-of-river hydropower, natural gas and biomass assets. The Group
is now focused on building new utility scale wind farms and
hydropower projects across India. Greenko intends to increase the
installed capacity it operates by winning concessions to develop
and build new greenfield assets, as well as making selective
acquisitions which enhance shareholder value.
Greenko's portfolio is carefully planned and managed to ensure
it offers investors diversification and spreads its risk across a
number of projects that utilise various well-proven environmental
technologies. The Company's goal is to reach 1,000 MW of
operational capacity in 2015 and approximately 2,000 MW in
2018.
With a core belief in sustainability both operationally and
environmentally, Greenko endeavours to be a responsible business
playing an important role in the community beyond its role in the
power generation industry. The Company maintains a continuous
involvement in localised projects and community programmes which
centre on education, health and wellbeing, environmental
stewardship and improving rural infrastructure.
Greenko Group plc was admitted to trading on the AIM market of
the London Stock Exchange (LSE: GKO) in November 2007.
Important Information
The Notes are being offered in the United States to qualified
institutional buyers pursuant to Rule 144A under the U.S.
Securities Act of 1933, as amended (the "Securities Act") and
outside of the United States pursuant to Regulation S under the
Securities Act. The Notes have not been registered under the
Securities Act or applicable state securities laws and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state law. The Issuer does not intend
to register any portion of the offering of the Notes in the United
States. Nothing in this announcement constitutes an offer to buy,
or a solicitation of an offer to sell, securities in the United
States or any other jurisdiction in which such offer or
solicitation would be unlawful.
This announcement and the information referred to in it, is
provided by way of information only and is not an invitation or
inducement to engage in any investment activity.
This announcement may contain forward-looking statements, which
are based on current expectations and projections about future
events and include all statements other than statements of
historical facts, including, without limitation, any statements
preceded by, followed by or that include the words "targets",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "should", "plans", "could", "seek to",
"predicts", "projects", "estimates", "foresees" or similar
expressions or the negative thereof. Any such forward-looking
statements are based on a number of assumptions about the
operations of the Company and factors beyond the Company's control
and are subject to significant risks and uncertainties.
Accordingly, actual results may differ materially from those
expressed or implied by such forward-looking statements. These
forward-looking statements speak only as of the date of this
announcement. The Company has no obligation to update these
forward-looking statements for events or circumstances that occur
subsequent to such dates. Given the aforementioned risks,
uncertainties and assumptions, you should not place undue reliance
on these forward-looking statements as a prediction of actual
results or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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