daa Finance plc Statement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
1 June 2016
daa finance plc
ANNOUNCES RESULTS OF ITS TENDER OFFER ON ITS EUR549,650,000 6.5872 PER CENT. NOTES DUE 2018, GUARANTEED BY DAA PLC (ISIN:XS0375220588)
daa finance plc (the Company) announces the results of its previously announced invitation to Qualifying Holders of its €600,000,000 6.5872 per cent. Guaranteed Notes due 2018 guaranteed by daa plc (formerly known as Dublin Airport Authority plc) (the Guarantor) (of which €549,650,000 are currently outstanding) (ISIN: XS0375220588) (the Notes) to submit offers to sell any or all of the Notes held by such Qualifying Holders to the Company for cash (the Tender Offer).
The Tender Offer was made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 23 May 2016 (the Tender Offer Memorandum). Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.
The Tender Offer expired at 16:00 (London time) on 31 May 2016.
The Company hereby announces that as at the Expiration Time on the Expiration Date, it had received valid Offers to Sell for EUR259,432,000 in aggregate principal amount of the Notes.
Subject to the New Financing Condition described in the Tender Offer Memorandum, the Company announces that it will accept any and all Notes validly Offered for Sale.
The Tender Offer Price for the Notes accepted for purchase is 113.954% and the amount of Accrued Interest for the Notes accepted for purchase is 3.1676%.
Settlement
The Settlement Date is expected to be 8 June 2016. On the Settlement Date, the Company will purchase the Notes validly Offered for Sale and accepted for purchase by the Company pursuant to the Tender Offer, and will pay (or procure the payment of) the aggregate Tender Consideration in the manner provided below.
Payment
Subject to the above, the Company will pay (or procure payment of) the aggregate Tender Consideration payable to Qualifying Holders whose Notes are purchased by the Company pursuant to the Tender Offer to (or to the order of) the Clearing Systems on the Settlement Date, for onward payment by the Clearing Systems to Participants for further dissemination to the relevant Qualifying Holders.
Contact Information
This announcement does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.
Barclays Bank PLC and BNP Paribas are acting as Dealer Managers for the Tender Offer and Lucid Issuer Services Limited is acting as Tender Agent.
Dealer Managers
Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom
Tel: +44 20 3134 8515
Attention: Liability Management Group
Email: eu.lm@barclays.com
BNP Paribas
10 Harewood Avenue
London NW1 6AA
United Kingdom
Telephone: +44 20 7595 8668
Attention: Liability Management Group
Email: liability.management@bnpparibas.com
THE TENDER AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: 44 20 7704 0880
Attention: Yves Théis
Email: daa@lucid-is.com
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum come are required by each of the Company, the Guarantor, the Dealer Managers and the Tender Agent to inform themselves about, and to observe such restrictions. Please also see the Tender Offer Memorandum for a fuller description of such restrictions.