PAO Severstal (SVST)
PAO Severstal Announces That Steel Capital S.A. Closes Issue of Loan
Participation Notes
17-Sep-2019 / 10:48 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART IN OR INTO THE UNITED STATES (OTHER THAN TO QIBs THAT ARE
ALSO QPs, AS DEFINED BELOW), AUSTRALIA, CANADA, JAPAN, THE RUSSIAN
FEDERATION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
PAO Severstal Announces That Steel Capital S.A. Closes Issue of Loan
Participation Notes
17 September 2019, Moscow, Russia - PAO Severstal announces the successful
closing and issuance on 16 September 2019 by Steel Capital S.A. of its
US$800,000,000 3.15 % loan participation notes due 2024 (the "Notes") under
its US$4,500,000,000 Loan Participation Note Programme. The Notes have been
issued for the sole purpose of financing a loan to PAO Severstal. The Notes
have been admitted to trading on the Main Securities Market of the Irish
Stock Exchange from 16 September 2019.
The Issuer has on-lent the proceeds from the issue of the Notes to PAO
Severstal. PAO Severstal intends to apply the borrowed funds primarily for
general corporate purposes.
For further information, please contact:
Severstal Investor Relations
Evgeny Belov
Vladimir Zaluzhsky
Tel: +7 (495) 926 7766
Severstal Public Relations
Anastasia Mishanina
Vladimir Zaluzhsky
Tel: +7 (495) 926 7766
DISCLAIMER
This announcement is not for release or distribution or publication,
directly or indirectly, in whole or in part in or into the United States,
Australia, Canada, Japan, the Russian Federation or any other jurisdiction
where to do so would be unlawful. This announcement does not constitute an
offer of securities for sale or a solicitation of an offer to purchase
securities in the United States or in any jurisdiction or jurisdictions in
which such offers or sales are unlawful. The securities referred to herein
are not intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any retail
investor in the European Economic Area ("EEA"). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as
defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended,
"MiFID II"); or (ii) a customer within the meaning of Directive 2016/97/EU
(the "Insurance Distribution Directive"), where that customer would not
qualify as a professional client as defined in point (10) of Article 4(1) of
MiFID II. Consequently no key information document required by Regulation
(EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or
selling the Notes or otherwise making them available to retail investors in
the EEA has been prepared and therefore offering or selling the Notes or
otherwise The securities referred to herein have not been nor will they be
registered under the US Securities Act of 1933, as amended (the "Securities
Act"), or with any securities regulatory authority of any state or other
jurisdiction of the United States and may not be offered, sold, pledged or
otherwise transferred, delivered or distributed, directly or indirectly,
within the United States absent a registration or an exemption from, or in a
transaction not subject to, the registration requirements of the Securities
Act and applicable state securities laws. There will be no public offer of
the securities in the United States. The securities mentioned herein will
only be offered for sale in the United States to qualified institutional
buyers ("QIBs") as defined in Rule 144A under the Securities Act that are
also qualified purchasers ("QPs") as defined in Section 2(a)(51) of the US
Investment Company Act of 1940, in reliance on Rule 144A or another
available exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and will only be offered for
sale outside the United States to persons other than U.S. persons in
reliance on Regulation S under the Securities Act.
This announcement is being distributed to and is only directed at (1) if in
the European Economic Area ("EEA"), are persons who are "qualified
investors" within the meaning of the Regulation (EU) 2017/1129 or (2)
persons who are outside the United Kingdom or (3) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (4) persons falling within
Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) or (5) persons to whom an invitation or
inducement to engage in investment activity (within the meaning of section
21 of the Financial Services and Markets Act 2000) in connection with the
issue or sale of any securities may otherwise lawfully be communicated or
caused to be communicated (all such persons together being referred to as
"Relevant Persons"). Any investment activity to which the materials relate
is only available to and will only be engaged with Relevant Persons. Any
person who is not a Relevant Person should not act or rely on this
announcement or any of its contents.
This announcement or information contained therein is not an offer, or an
invitation to make offers, to sell, exchange or otherwise transfer
securities in the Russian Federation to or for the benefit of any Russian
person or entity and does not constitute an advertisement or offering of
securities in the Russian Federation within the meaning of Russian
securities laws. Information contained herein is intended only for persons
who are "qualified investors" within the meaning of Article 51.2 of the
Federal Law no. 39-FZ "On the Securities Market" dated 22 April 1996, as
amended (the "Russian QIs") and must not be distributed or circulated into
Russia or made available in Russia to any persons who are not Russian QIs,
unless and to the extent they are otherwise permitted to access such
information under Russian law. The securities have not been and will not be
registered in Russia and are not intended for "placement" or "circulation"
in Russia (each as defined in Russian securities laws) unless and to the
extent otherwise permitted under Russian law.
ISIN: US8181503025
Category Code: PFT
TIDM: SVST
LEI Code: 213800OKDPTV6K4ONO53
Sequence No.: 20332
EQS News ID: 874725
End of Announcement EQS News Service
(END) Dow Jones Newswires
September 17, 2019 03:48 ET (07:48 GMT)
