By Abigail W. Adams
Portland, Me., Dec. 1 Worldline SA priced a 200 million tap of its 0% convertible notes due July 30, 2026 in the Oceane structure at 116.5, according to a company news release.
The offering was marketed to qualified investors in accordance with the French monetary and financial code.
The tap will become immediately fungible and carry the same terms as the companys 0% Oceanes due 2026.
Proceeds will be used for general corporate purposes.
Worldline initially priced about 600 million of the 0% Oceanes in July at an issue price of 126.96 to yield negative 1.22% and an initial conversion premium of 57.5%.
Worldline is a Bezons, France-based payment transaction processing company.
| Issuer: | Worldline SA
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| Securities: | Oceane bonds
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| Amount: | 200 million add-on
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| Maturity: | July 30, 2026
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| Coupon: | 0%
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| Price: | 116.5
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| Call options: | Callable on or after July 30, 2023 subject to a 130% hurdle
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| Put options: | Upon a fundamental change
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| Pricing date: | Dec. 1
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| Distribution: | Regulation S
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| Original issue: | 600 million priced in July 2020 at 126.96 to yield negative 1.22% with initial conversion premium of 57.5%
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| Stock symbol: | EPA: WLN
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| Market capitalization: | 21.21 billion
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