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UBISOFT LAUNCHES A PUBLIC OFFER TO BUY HIS EXISTING €500M OBLIGATIONS DUE 2023 AND ANNOUNCES ITS INTENTION TO THE PRICE A NEW €500 million OBLIGATION PUBLISH
Paris, June 22 2022 – Ubisoft announces the launch of a public tender offer to eligible holders only to purchase in cash all of its 500 million euros of existing bonds maturing on January 30, 2023, with an annual coupon of 1.289% (of which 500 million euros are currently in circulation) (ISIN: FR0013313186) (the “Existing Obligations“) (the “Take-over bid“) and its intention, subject to market conditions, to simultaneously price to qualified investors a new fixed-rate bond issue for a total amount of €500 million (the “New Obligations”).
The Tender Offer is subject to the terms and subject to the satisfaction of the conditions described in the Tender Offer Memorandum dated June 22, 2022. The Tender Offer is subject to and conditional on the completion of the issuance of the New Notes. The expiry of the Public Offer is scheduled for 1st July 2022. Purchased Existing Bonds will be immediately canceled in accordance with their terms and conditions.
The transaction will allow Ubisoft to extend its maturity profile and further diversify its debt investor base. The net proceeds of the New Bonds will be used for general corporate purposes and to refinance certain existing debts of the Group, in particular the outstanding amount of the Existing Bonds. This is Ubisoft’s third offering on the bond market.
This press release is provided for informational purposes only and does not constitute an offer to sell or subscribe for securities or a solicitation of an order to buy or subscribe for securities in any jurisdiction. The securities mentioned in this press release have not been and will not be offered by way of a public offering. other than qualified investors.
This press release does not constitute an offer to sell securities in the United States of America or in any other jurisdiction. in or from which, or to or from any person to or from whom, it is unlawful to make such an invitation under applicable securities laws. These securities may only be offered or sold in the United States of America if they are registered or exempt from the registration requirements of the US Securities Act of 1933, as amended. Ubisoft Entertainment SA does not intend to register the securities mentioned in this press release in the United States or to make a public offering of securities in the United States.
This press release is not a prospectus as required by the Regulation (EU) 2017/1129 (as amended, the “Prospectus Regulation”). A prospectus will be drawn up and made available to the public, in accordance with the Rules Prospectusas part of admission New Obligations trading on the regulated Euronext market in Paris.
This press release does not constitute an offer of securities in France or in any other country. The New Obligations are the subject of an internship in France and outside France only at qualified investors as defined in Article 2 point (e) of the Prospectus Regulation and in accordance with Article L. 411-2(1)°) of the Monetary and Financial Code.
Ubisoft Entertainment SA will not take any action in connection with this placement with a view to a public offering in France or abroad other than qualified investors. Dissemination of this press release in any country where such dissemination could constitute a violation of applicable law is prohibited.
This press release may be sent to persons located in the United Kingdom only in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply.
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