Wordline launches convertible bond offer for amount of around 500 mln euros

Thursday, 25 Jul 2019 

July 25 (Reuters) - Worldline SA ::* Launch of an offering of bonds convertible into new shares and/or exchangeable for existing shares (“OCEANE”) due July 30, 2026 for a nominal amount of approximately €500 million by way of a placement to institutional investors..* The net proceeds of the Offering will be used to refinance a portion of the bridge financing secured with BNP Paribas, J.P. Morgan Securities plc and Natixis in the context of the acquisition of the 36.4% minority stake in equensWorldline.* The nominal value of the Bonds will be set at a premium of 55% to 60% above Worldline’s reference share price on the regulated market of Euronext in Paris.* The Bonds will not bear interest (zero-coupon) and will be issued at an issue price ranging between 103.5% and 107.0% of their nominal value, corresponding to an annual gross yield-to-maturity of (0.49)% to (0.96)%. .