CONTOURGLOBAL ANNOUNCES ADD-ON OFFERING TO ITS EXISTING SENIOR SECURED NOTES DUE 2021
February 8, 2017 – Luxembourg: ContourGlobal Power Holdings S.A. (the “Issuer”) today announced its intention to offer an additional €50 million aggregate principal amount of its 5.125% senior secured notes due 2021 (the “Notes”) in a private offering to eligible purchasers as an add-on to the existing €600 million aggregate principal amount of such notes currently outstanding (the “Existing Notes”). The Notes will have identical terms as the Existing Notes, other than the date of issue, the initial date from which interest will accrue and the initial price. The Issuer intends to use the net proceeds from the offering for general corporate purposes.
The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and, outside the United States, to non-U.S. investors pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The Issuer is a finance subsidiary wholly-owned by ContourGlobal L.P., a Cayman Islands exempted limited partnership (together with its consolidated subsidiaries, “ContourGlobal”). ContourGlobal is a premier developer and operator of wholesale electric power generation businesses in 19 countries worldwide.
Forward Looking Statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. The Issuer undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in ContourGlobal’s business or to reflect the occurrence of unanticipated events.