Rimini BidCo announces the price of 445 million euros of variable rate senior covered bonds linked to sustainable development due 2026

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MILAN – (COMMERCIAL THREAD) – Rimini BidCo SpA (the “Society“), an entity owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), today announced that it has priced 445 million euros in the amount of total principal of variable rate senior guaranteed sustainability notes maturing in 2026 (the “Remarks“) in an offering (the”Offer“) exempt from the registration requirements of the Securities Act of 1933, as amended (the”Securities Act“). The Notes are valued at an issue price of 98.5% and will bear interest at a rate equal to the 3-month EURIBOR (with a floor of 0.0%) increased by 5.25% per year, updated quarterly. The offering is expected to close on December 14, 2021, subject to customary closing conditions, and the notes will mature on December 14, 2026.

The Company expects to use the gross proceeds of the Offer after the completion of its mandatory takeover bid in connection with the acquisition of Reno de Medici SpA (“RdM”) To (i) repay certain outstanding loans of RdM and its subsidiaries, (ii) reimburse the outstanding loans contracted by the Company within the framework of the acquisition of RdM and (iii) pay certain costs and expenses related to the acquisition of RdM.

The Notes have only been offered to persons reasonably suspected of being (i) qualified institutional buyers within the meaning of Rule 144A of the Securities Act and (ii) non-US investors purchasing the Notes outside of the United States. in accordance with Regulation S of the Securities Act. . The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without an effective registration statement or exemption. applicable registration requirements or a transaction not subject to registration requirements. of the Securities Act or any state securities law.

This press release is neither an offer to sell nor the solicitation of an offer to buy securities. There will be no offer of security in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration, qualification or other similar action. This press release is issued under and in accordance with Rule 135c of the Securities Act.

This communication is addressed only to persons who (i) have professional experience in matters relating to investments falling under Article 19 (5) of the Financial Services and Markets (Financial Promotion) Act 2000 of 2005, as amended (the “Order“), (ii) are persons falling under Article 49 (2) (a) to (d) (“wealthy corporations, unincorporated associations, etc. ‘) Of the Order, (iii) are persons who are located outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (as defined in of Article 21 of the Financial Services and Markets Act 2000) in the context of the issue or sale of any Security may moreover be legally communicated or have it communicated (all these persons being together referred to as “data subjects”).

Any investment activity to which this communication relates will only be accessible and will be undertaken with the persons concerned. Anyone who is not a Data Subject should not act or trust this document or any of its contents.

The Notes are not intended to be offered, sold or otherwise made available and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the “”EEE“). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in Article 4 (1) (11) of Directive 2014 / 65 / EU (as amended, “MiFID II“); (ii) a client within the meaning of Directive (EU) 2016/97 (as amended or replaced), when this client would not be considered a professional client as defined in point (10) of article 4, paragraph 1, of MiFID II; or (iii) is not an accredited investor as defined in Regulation (EU) 2017/1129 (as amended, the “EU Prospectus Regulation“). Therefore, no key information document required by Regulation (EU) No 1286/2014 (as amended, the ‘PRIIPs Regulation”) For the offering or sale of the Notes or their making available to retail investors in the EEA in any other way has been prepared. The offering or sale of the Notes or their making available to any retail investor in the EEA may be illegal under the PRIIPs Regulation. Any offering of Notes in any EEA Member State will be made in accordance with an exemption under the Prospectus Regulation from the obligation to publish a prospectus for offers of Notes.

The Notes are not intended to be offered, sold or otherwise made available and should not be offered, sold or otherwise made available to a UK retail investor (“UK“). For these purposes, a retail investor means a person who is one (or more): (i) a retail client, as defined in Article 2 (8) of Regulation (EU) No 2017 / 565 because it is part of domestic law by virtue of the 2018 law on the European Union (withdrawal) (“EUWA“); or (ii) a customer within the meaning of the provisions of the FSMA and any rule or regulation adopted under the FSMA to implement Directive (EU) 2016/97, where such customer would not be considered a professional client, as defined in point (8) of Article 2 (1) of Regulation (EU) No 600/2014 as it is part of domestic law under EUWA; or (iii) no is not a “qualified investor” as defined in Article 2 of Regulation (EU) 2017/1129 as it is part of UK domestic law under EUWA (the “”UK Prospectus Regulation“). No key information document required by Regulation (EU) No 1286/2014 as it is part of national law under EUWA (the “”UK PRIIP Regulation“) for offering or selling the Notes or making them available to retail investors in the United Kingdom has been prepared. Offering or selling the Notes or making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulations Any offering of Securities in the UK will be made in accordance with an exemption under the UK Prospectus Regulations from the requirement to publish a prospectus for offers of Securities.

Governance of MiFID II products / Target market for professional investors and ECP only / No KID under the PRIIPs regulation – The manufacturer’s target market consists of eligible counterparties and professional clients only (all distribution channels). No Key Information Document (KID) under the PRIIPs Regulation has been prepared as it is not available for retail sale in the EEA.

Governance of MiFIR products in UK / Target market reserved for professional investors and ECP / No KIDs under UK PRIIPs regulation – Manufacturer’s target market consists of eligible counterparties (as defined in the FCA Handbook Conduct of Business Sourcebook) and professional clients (as defined in Regulation (EU) No 600/2014 as it is part of UK domestic law under EUWA (“UK MiFIR”) only (all distribution channels No Key Information Document (KID) under the UK PRIIPs Regulation has been prepared as it is not available for retail sale in the UK.

In the context of any issue of Notes, a stabilizing manager (or persons acting on behalf of this stabilizing manager) may over-allot Notes or carry out transactions in order to support the market price of the Notes at a level greater than which might otherwise prevail. However, there can be no assurance that the Stabilizer Manager (or persons acting on its behalf) will take stabilization action. Any stabilization action may begin from the date on which adequate public disclosure of the terms of the offer of the Notes is made and, if commenced, may end at any time, but must end no later than earlier than 30 calendar days after the date of issue of the Notes and 60 days after the date of allocation of the Notes. Any stabilization or over-allotment action must be carried out by the stabilizing manager (or the person (s) acting on behalf of the stabilizing manager) in accordance with all applicable laws and rules.

About Apollo

Apollo is a high growth global alternative asset manager. We seek to provide our clients with excess return at every step of the risk-return spectrum, from investment grade to private equity, by focusing on three business strategies: return, hybrid and equity. Through our investing activity on our fully integrated platform, we meet the retirement income and financial performance needs of our clients, and we deliver innovative capital solutions to businesses. Our patient, creative and knowledgeable approach to investing aligns our clients, the companies we invest in, our employees, and the communities we impact on, to expand opportunities and drive positive results. As of September 30, 2021, Apollo had approximately $ 481 billion in assets under management. For more information, please visit www.apollo.com.

Forward-looking statements

This communication and other written or oral statements made by or on behalf of the Company contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. , which are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. In particular, statements using words such as “may”, “seek”, “will”, “likely”, “Assume”, “” estimate “,” expect “,” anticipate “,” intend “,” believe “,” do not believe “,” aim “,” foresee “,” plan “, “Plan”, “continue”, “potential”, “advice”, “foresee”, “could”, “objective”, “outlook”, “trends”, “future”, “could”, “would”, “should “,” target “,” on track “or their negatives or variations, and similar terminology and words of similar importance, generally imply future or forward-looking statements. Forward-looking statements reflect views, plans or current expectations of the Company with respect to future events and financial performance. They are inherently subject to significant risks, uncertainties and risks. commercial, economic, competitive and other news. The inclusion of forward-looking statements in this or any other communication should not be construed as a representation by the Company or any other person that current plans or expectations will be realized. Therefore, you should not place undue reliance on any forward-looking statement. Forward-looking statements speak only as of the date on which they are made, and the Company assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information or future developments. or otherwise, unless otherwise specified. by the law.


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