Petroplus Holdings AG (SWX:PPHN) announced today that it has
successfully priced a US$1.2 billion high yield corporate bond in two
tranches. The US$600 million 2014 issue was priced at US Treasuries +
216 bps and pays a coupon of 6.75% while the US$600 million 2017 issue
was priced at US Treasuries + 236 bps and pays a coupon of 7.00%.
The Company intends to use the proceeds from the high yield
corporate bond primarily to fund the planned acquisition of the
Coryton refinery.
Petroplus Holdings AG is one of the largest independent refiners
and wholesalers of petroleum products in Europe. Petroplus focuses on
refining and currently owns and operates four refineries across
Europe: the Ingolstadt refinery in Ingolstadt, Germany, the Belgium
Refining Corporation refinery in Antwerp, Belgium, the Cressier
refinery in the canton of Neuchatel, Switzerland, and the Teesside
refinery in Teesside, United Kingdom. Petroplus has also announced
that it has signed an agreement to acquire the Coryton refinery
located on the Thames Estuary in the United Kingdom. The existing
refineries have a combined throughput capacity of approximately
405,000 bpd. The Coryton refinery has a crude oil throughput capacity
of approximately 172,000 barrels per day and can process up to an
additional 70,000 barrels per day of other feedstocks.
The information contained in this new release is not for
publication or distribution in the United States of America.
This announcement does not constitute a prospectus in the sense of
Article 652a or 1156 of the Swiss Code of Obligations or a listing
prospectus pursuant to the listing rules of the SWX Swiss Exchange.
Any decision to purchase shares of Petroplus Holdings AG should be
solely based on the Offering Memorandum.
This news release is not an offer of securities for sale in the
United States of America. None of the Notes, rights or shares have
been registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") and may not be offered or sold in the United States
of America absent registration or an exemption from registration under
the Securities Act. Petroplus Holdings AG does not intend to make a
public offering of securities in the United States of America.
The information contained in this press release is not for
publication or distribution in Canada, Australia or Japan and does not
constitute an offer of securities for sale in Canada, Australia or
Japan.
This press release contains forward-looking statements, including
the company's current expectations with respect to future market
conditions, future operating results, the future performance of its
refinery operations, and other plans. Words such as "expects,"
"intends," "plans," "projects," "believes," "estimates," "may,"
"will," "should," "shall," and similar expressions typically identify
such forward-looking statements. Even though Petroplus believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations
will be attained. Information herein regarding the Coryton refinery
has been provided to the company by the current owner of the refinery
and reflects the company's analysis of such information but has not
been verified by the company. Factors that could cause actual results
to differ materially from expectations include, but are not limited
to, operational difficulties, varying market conditions, potential
changes in gasoline, crude oil, distillate, and other commodity
prices, government regulations, and other factors contained from time
to time in the Petroplus's annual and interim reports.
