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Worldline: Strong success of the issuance of Bonds Convertible into New Shares and/or Exchangeable for Existing Shares (OCEANE) due 2025

Written by Customer Service on . Posted in Public Companies.

Strong success of the issuance of Bonds Convertible into New Shares and/or Exchangeable for Existing Shares (OCEANE) due 2025Bezons, July 23rd, 2020 – Worldline (the “Company”) (Euronext Paris: FR0011981968), the European leader in the payment and transactional services industry has successfully placed today bonds convertible into new shares and/or exchangeable for existing shares (“OCEANE”) due July 30, 2025 (the “Bonds”) for a nominal amount of approximately €600 million being offered to qualified investors (within the meaning of Regulation (EU) 2017/1129) only in accordance with Article L. 411-2-1° of the French monetary and financial code (Code monétaire et financier) (the “Offering”).Following strong investor demand, the initial amount of €500 million has been increased to approximately €600 million.The net proceeds of the Offering will be used for the pre-financing of the contemplated acquisition of Ingenico Group S.A. and/or for general corporate purposes.●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●
Eric Heurtaux, Group Chief Financial Officer, said:“We are pleased to announce the success of a convertible bond issuance of 600 million euros on very favorable terms, with both a negative yield and a high conversion premium for this maturity. It confirms the attractiveness of Worldline and secures excellent conditions for the pre-financing of the Ingenico acquisition. This issuance complements the bonds issued for 1 billion euros on June 30th and represents one more step towards the finalization of the Ingenico financing.”
●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●●The nominal value of the Bonds has been set at €119.44, corresponding to a premium of 57.50% above Worldline’s reference share price1 on the regulated market of Euronext in Paris (“Euronext Paris

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