Vougeot Bidco plc announces the launch of a €70 million offering of Senior Secured Floating Rate Notes due July 15, 2020.
The proceeds from the offering of the Notes, if completed, are expected to be used to acquire, directly and indirectly, the entire corporate capital of Capitolosette S.r.l. (“Capitolosette”), to acquire the shares in The Space Entertainment S.p.A. held by Mr Corrado and Mr Canepa, to refinance the outstanding amounts of certain of the existing bank facilities to which the subsidiaries of The Space Entertainment S.p.A. and Capitolosette are party and to fund the related estimated transaction fees and expenses.
Vougeot Bidco plc (the “Issuer”) today announces an offering of Senior Secured Floating Rate Notes due July 15, 2020 (the “Notes”).
Important Regulatory Notice
This press release is for informational purposes only and does not constitute a prospectus or an offer to sell or the solicitation of an offer to purchase any securities in the United States (as defined in the U.S. Securities Act of 1933, as amended (the “Securities Act”)) or in any other jurisdiction. There will not be any sale of these securities in any such state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country.
The securities referred to herein have not been and will not be registered under the Securities Act and may not be offered and sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of such securities in the United States.
This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the Issuer about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Within the United Kingdom, this announcement is directed only at persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“relevant persons”). The investment or investment activity to which this announcement relates is only available to and will only be engaged in with relevant persons and person who receive this announcement who are not relevant persons should not rely or act upon it.