19.06.2024 14:30:05 - dpa-AFX: GNW-Adhoc: Azerion successfully places Subsequent Bonds in an amount of EUR 50 million
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF
AMERICA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR IN ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
Amsterdam, 19 June 2024 - Azerion Group N.V. (the "Company" or "Azerion")
announces today that it has, following a bookbuilding process, successfully
placed a subsequent bond issue (the "Subsequent Bond Issue" or the "Subsequent
Bonds") in an amount of EUR 50 million under the Company's existing senior
secured floating rate bond framework of EUR 300 million with ISIN NO0013017657
(the "Bonds"). Following the Subsequent Bond Issue, the outstanding aggregate
principal amount under the Bonds will be EUR 215 million. The transaction was
met with strong demand from primarily institutional investors based in the
Nordic markets, Europe and the U.S., and was placed at a price of 100.75% of
par.
Proceeds from the Subsequent Bond Issue will be used to finance general
corporate purposes of the Company, including capital expenditure, acquisitions
and transaction costs.
Ben Davey, CFO Azerion: "We are delighted with the successful subsequent bond
issue and the strong support received from existing and new bond investors
across the Nordics, Europe and the U.S. The proceeds received will support our
continued focus on growing our Platform and the execution of our strategy."
Settlement of the Subsequent Bonds is expected to be on or about 5 July 2024.
The Company shall use its best efforts to ensure that the Subsequent Bonds are
listed on the relevant Regulated Market no later than 60 days after the issuance
of the Subsequent Bonds and with an intention to list within 30 days and on
Frankfurt Stock Exchange Open Market as soon as practically possible after the
issuance of the Subsequent Bonds.
Pareto Securities AB acted as sole bookrunner and Roschier AdvokatbyrÄ AB acted
as legal advisor in connection with the Subsequent Bond Issue.
About Azerion
Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe's largest digital
advertising and entertainment media platforms. Azerion brings global scaled
audiences to advertisers in an easy and cost-effective way, delivered through
our proprietary technology, in a safe, engaging, and high quality environment,
utilizing our strategic portfolio of owned and operated content with
entertainment and other digital publishing partners.
Having its roots in Europe and with its headquarters in Amsterdam, Azerion has
commercial teams based in over 23 offices around the world to closely support
our clients and partners to find and execute creative ways to make a real impact
through advertising.
For more information visit: www.azerion.com
For further information, please contact:
Andrew Buckman
VP Investor Relations
ir@azerion.com
This press release relates to the disclosure of information that qualified, or
may have qualified, as inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation. The information was submitted for publication,
through the agency of the contact person set out above, at 14:30 CEST on 19 June
2024.
Disclaimer
This communication does not constitute an offer to sell, or a solicitation of an
offer to buy, any securities or any other financial instruments.
This communication does not constitute or form part of any offer or invitation
to sell or issue, or any solicitation of any offer to purchase or subscribe for
any Bonds or any other securities nor shall it (or any part of it) or the fact
of its distribution, form the basis of, or be relied on in connection with or
act as an inducement to enter into, any contract or commitment whatsoever.
In particular, this communication does not contain or constitute an offer of, or
the solicitation of an offer to buy or subscribe for, or form part of any offer,
invitation or solicitation to purchase, securities to any person located or
resident in the United States or to any U.S. Person (as defined in Regulation S
under the U.S. Securities Act). The securities referred to herein have not been,
and will not be, registered pursuant to U.S. Securities Act or any securities
laws in any state or other jurisdiction in the United Sates and may not be
offered, sold, accepted, exercised, re-sold, renounced, transferred or
delivered, whether directly or indirectly, in the United States, except pursuant
to an exemption from, or in a transaction not subject to, the registration
requirements of the U.S. Securities Act. No public offering of securities is
being, has been, or will be made in the United States.
This communication is made accessible on the basis that any offers of securities
referred to herein in any Member State of the EEA will be made pursuant to an
exemption under the Prospectus Regulation from the requirement to publish a
prospectus for offers of such securities. The Bonds have, with respect to
persons in Member States of EEA, only been offered to persons who are qualified
investors within the meaning of Article 2(1)(e) of the Prospectus Regulation and
Section 1:1 of the Dutch Financial Supervision Act. The expression "Prospectus
Regulation" means Regulation No. 1129/2017.
In the United Kingdom, the material is made accessible on the basis that any
offers of securities referred to herein will be made pursuant to an exemption
under the UK Prospectus Regulation from the requirement to publish a prospectus
for offers of such securities. The Bonds have, with respect to persons in the
United Kingdom, only been offered to persons who are qualified investors within
the meaning of Article 2(1)(e) of the UK Prospectus Regulation. The expression
"UK Prospectus Regulation" means Regulation (EU) 2017/1129 as it forms part of
retained EU law as defined in the EU (Withdrawal) Act 2018.
The release, publication or distribution of the material may be restricted by
law and persons in such jurisdictions in which a release, publication or
distribution of the material should therefore inform themselves about, and
observe, any such restrictions.
This press release may include projections and other "forward-looking"
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of the Company about future
events and financial performance. No assurances can be given that such events or
performance will occur as projected and actual results may differ materially
from these projections.
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