By Rebecca Melvin
New York, Oct. 30 – Atos SE has priced €500 million 0% five-year bonds exchangeable into shares of Worldline SA. The bonds were sold at 108.875 for a yield of minus 1.7% and an initial conversion premium of 35%, according to a company news release on Wednesday.
Atos also completed an equity sale of about €780 million of Worldline shares.
The Rule 144A and Regulation S exchangeables were sold by Goldman Sachs International, J.P. Morgan Securities plc, Deutsche Bank AG, London Branch, Morgan Stanley & Co International plc, Societe Generale, BNP Paribas, HSBC, Commerzbank, Natixis SA and Banco Bilbao Vizcaya Argentaria, SA as joint bookrunners.
The bonds are non-callable for three years and then provisionally callable if shares exceed 130% of the conversion price.
The proceeds will be used primarily to repay medium- and long-term debt.
Atos is an information technology services company based in Paris. Worldline, formerly Atos Worldline SAS, is a France-based payments and transaction services company.
| Issuer: | Atos SE
|
| Securities: | Bonds exchangeable for ordinary shares of Worldline SA
|
| Amount: | €500 million
|
| Maturity: | Nov. 6, 2024
|
| Concurrent offering: | €780 million shares of Worldline
|
| Bookrunners: | Goldman Sachs International, J.P. Morgan Securities plc, Deutsche Bank AG, London Branch, Morgan Stanley & Co International plc, Societe Generale, BNP Paribas, HSBC, Commerzbank, Natixis SA and Banco Bilbao Vizcaya Argentaria, SA
|
| Coupon: | 0%
|
| Price: | 108.875
|
| Yield to maturity: | Minus 1.7%
|
| Exchange premium: | 35%
|
| Call options: | Non-callable for three years and then provisionally callable at par at a price trigger of 130%
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 6
|
| Distribution: | Rule 144A and Regulation S
|
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