Aperam S.A.: Announces Intention Redeem Convertible and/or Exchangeable Bonds

Aperam S.A. / Key word(s): Financing 
Aperam S.A.: Announces Intention Redeem Convertible and/or Exchangeable 
Bonds 
 
01-Oct-2019 / 18:00 CET/CEST 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION OR 
TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL 
TO DISTRIBUTE THIS PRESS RELEASE 
 
Luxembourg, 1 October 2019, 18.00 CET - Aperam S.A. ("Aperam") announces its 
intention to redeem its U.S.$300,000,000 0.625 per cent. Net Share Settled 
Convertible and/or Exchangeable Bonds due 2021 (ISIN XS1084287322) (the 
"Bonds"), exchangeable into ordinary registered shares of Aperam, of which 
U.S.$27,600,000 in aggregate principal amount remains outstanding. 
On the date hereof, Aperam hereby gives notice that it will redeem all but 
not some only of the outstanding Bonds at their principal amount plus any 
accrued interest on 4 November 2019. The redemption will occur in connection 
with the exercise by Aperam of its option to redeem the Bonds pursuant to 
Condition 7(b)(ii) (_Redemption at the Option of the Issuer_) of the Bonds. 
As at the date hereof, the Bonds have a conversion price of U.S.$37.45. On 
30 September 2019, the closing price of an ordinary registered share of 
Aperam on Euronext Amsterdam was EUR22.34. Conversion rights may be validly 
exercised by bondholders so long as they have a Conversion Date not later 
than 18October 2019. The accrued interest payable in respect of each Bond in 
the principal amount of U.S.$200,000 will be U.S.$402.78. 
 
*Information on the Bonds* 
On 8 July 2014, Aperam issued net share settled convertible and/or 
exchangeable bonds for an aggregate principal amount of U.S.$300,000,000 due 
8 July 2021. The Bonds have a nominal value of U.S.$200,000 each and are 
listed on the Open Market (_Freiverkehr_) segment of the Frankfurt Stock 
Exchange. 
The Bonds are governed by English law. 
*I 
MPORTANT NOTICE* 
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 Regulations. 
This press release does not constitute an offer to sell or buy or a 
solicitation of an offer to sell or buy the Bonds or any other securities. 
No action has been taken by Aperam or any of its affiliates that would 
permit the possession or distribution of this press release in any 
jurisdiction where action for that purpose is required. Persons into whose 
possession this press release comes are required by Aperam to inform 
themselves about and to observe any such restrictions. 
 
*About Aperam* 
 
Aperam is a global player in stainless, electrical and specialty steel, with 
customers in over 40 countries. The business is organized in three primary 
operating segments: Stainless & Electrical Steel, Services & Solutions and 
Alloys & Specialties. 
 
Aperam has 2.5 million tonnes of flat Stainless and Electrical steel 
capacity in Brazil and Europe and is a leader in high value specialty 
products. Aperam has a highly integrated distribution, processing and 
services network and a unique capability to produce stainless and specialty 
from low cost biomass (charcoal). Its industrial network is spread in six 
production facilities located in Brazil, Belgium and France. 
 
In 2018, Aperam had sales of EUR 4,677 million and steel shipments of 1.97 
million tonnes. 
 
For further information, please refer to our website at www.aperam.com 
 
*Contacts* 
 
Corporate Communications / Laurent Beauloye: [phone] 
Investor Relations / Thorsten Zimmermann: [phone] 
 
Dissemination of a Financial Wire News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
883605 01-Oct-2019 CET/CEST 
 
 

(END) Dow Jones Newswires

October 01, 2019 12:00 ET (16:00 GMT)