Getlink SE today announced its intention to offer, subject to market conditions, its inaugural issue of Senior Secured Notes due in 2023.
In line with the Group’s focus on sustainability, the Notes will be classified as Green Bonds1.
This offering has been made possible thanks to various measures put in place in 2015 and 2017 to manage the Group’s financing.
The notes will not be made available to retail investors as stated below.
The Company intends to use the net proceeds of the Offering to repay the £190 million bank loan incurred in February 2018 by the Company’s subsidiary Eurotunnel Agent Services Limited to purchase the G2 bonds2 and to finance capital expenditure in relation to the Group’s ElecLink project.
The Company has appointed BNP PARIBAS and Goldman Sachs International to be the joint global coordinators and active bookrunners, and Deutsche Bank to be the joint bookrunner, for the Offering.
Result of the Offering will be confirmed towards the end of the week.
Source: Business Wire