Indra intends to accept offers to sell bonds for a nominal amount of 150 million

MADRID, 16 May.

Indra intends to accept offers to sell bonds for a nominal amount of 150 million

MADRID, 16 May. (EUROPA PRESS) -

Indra intends to accept offers to sell bonds for a total nominal amount of 150 million euros, subject to its confirmation and at its sole and absolute discretion, applying an indicative proration factor of 79.20%, as reported on Monday the company to the National Securities Market Commission (CNMV).

Specifically, the firm has communicated the indicative results of its invitation to the holders of its outstanding bonds corresponding to the issue amounting to 300 million euros at 3% annual interest maturing in 2024 to make offers to sell bonds to the society.

The terms of the request for sales offers established that the maximum amount of said request would be 100 million euros or the amount established by the firm at its full discretion.

The pricing of the solicitation of offers to sell will take place this Monday at or around 12:00 noon (London time).

As soon as possible after fixing the price of the request for sales offers, the firm will announce whether it finally accepts the sales offers validly presented in accordance with the request for the same and, if accepted, the aggregate nominal amount of the bonds accepted for purchase, the proration factor (if applicable), the purchase price, the interpolated average exchange rate and the return on the purchase.

The expected settlement date for the payment of the purchase price with respect to the accepted sales offers is May 18.

Last week, the company explained that the objective of the request for sales offers is, among other things, the management by the firm of its liquidity in an efficient manner through the proactive management of its financial liabilities in the debt capital markets to optimize the level of cash available and the volume and cost of its financial debt.

In addition, the solicitation of offers to sell will also provide bondholders with liquidity at a premium to current market prices and an opportunity to pursue alternative investments.


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