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Gestamp announces launch of €400,000,000 senior secured notes due 2023

Gestamp logo

5.3.2016

Gestamp Automoción, S.A. (“Gestamp”) announced today that its subsidiary Gestamp Funding Luxembourg S.A. (the “Issuer”) has launched an offering of €400,000,000 aggregate principal amount of senior secured notes due 2023. Gestamp and certain of its subsidiaries will guarantee the notes and the notes will be secured by a charge over the shares of certain subsidiaries of Gestamp.

The net proceeds of the offering, if completed, along with existing cash on balance sheet, will be used to repurchase or redeem for cancellation all of the Issuer’s outstanding euro-denominated 5.875% senior secured notes due 2020 and to pay commissions, fees and other expenses associated with the offering and the repurchase.

About Gestamp

Gestamp is a global leader in the design, development and manufacture of metal components and units for the leading car manufacturers. Gestamp specialises in the development of innovatively designed products in order to create increasingly safe and lightweight vehicles, thereby constantly improving energy consumption and environmental impact. Its products are used in all areas of bodywork, chassis and mechanisms.                

Gestamp operates in 20 countries, with 95 industrial plants, 12 R&D centres and over 33,000 employees worldwide. In 2015, its turnover was 7.035 billion euros.

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This press release is for information purposes only, shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (“Securities Act”) or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States or in any other jurisdiction will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements. This press release is being issued pursuant to and in accordance with Rule 135e under the Securities Act.

This press release may include forward looking statements. These forward looking statements can be identified by the use of forward looking terminology, including the terms (“believes,” “estimates”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are expectations concerning, among other things, Gestamp’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which it operates. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward looking statements are not guarantees of future performance and that Gestamp’s actual results of operations, financial condition and liquidity, and the development of the industry in which it operates may differ materially from those made in or suggested by the forward looking statements contained in this press release. In addition, even if Gestamp’s results of operations, financial condition and liquidity, and the development of the industry in which Gestamp operates are consistent with the forward looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

This press release does not constitute an offer to sell or buy or the solicitation of an offer to sell or buy any existing bonds (and offers of existing bonds for sale or solicitations of offers to purchase the existing bonds will not be accepted from holders), in any circumstances in which such offer or solicitation is unlawful.