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Italy’s Autostrada Brescia tenders for €200 million of 2 3/8% notes
By Susanna Moon
Chicago, Sept. 29 – Autostrada Brescia Verona Vicenza Padova SpA is tendering for up to €200 million of its €600 million 2 3/8% senior secured notes due March 20, 2020.
Pricing will be set using a purchase yield of negative 0.05% for a purchase price of 105.918% based on a settlement date of Oct. 11.
Holders also will receive accrued interest to but excluding the settlement date.
Autostrada Brescia is making the offer to reduce its debt and refinancing risk, according to a company announcement.
The tender offer will end at 11 a.m. ET on Oct. 6.
The dealer managers are BNP Paribas (+44 20 7595 8668 or liability.management@bnpparibas.com), Banca IMI SpA (+39 02 72 61 59 38, fax +39 02 72 61 22 20 or liability.management@bancaimi.com) and UniCredit Bank AG (+49 89 378 13722 or corporate.lm@unicredit.de).
The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, fax +44 20 3004 1590 or autobpsd@lucid-is.com).
Autostrada Brescia works on the construction and management of motorway concessionaires in Italy. The company is based in Verona, Italy, and is a subsidiary of A4 Holding SpA.
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