In regards to the regulatory announcement RB 45/2009 dated 30.12.2009 and RB 13/2010 dated 24.02.2010, the Management Board of AmRest Holdings SE („AmRest”, “the Company”, “the Issuer”) informs that on September 10th, 2014 the Company made an early redemption of 13 150 dematerialized bearer bonds of total value 131 500 000 PLN, including:
- 9 150 bonds AMRE01301214 series, issued on December 30th, 2009 with the maturity date falling on December 30th 2014, with a par value of PLN 10,000 per one bond and the total nominal value of PLN 91 150 000,
- 4 000 bonds AMRE02301214 series, issued on February 24th, 2010, with the maturity date falling on December 30th 2014, with a par value of PLN 10,000 per one bond and the total nominal value of PLN 40 000 000.
The redemption of the bonds resulted in expiry of all rights and obligations arising from them (according to Art. 24 Sec. 1 of the Act on bonds dated June 29th, 1995).
Simultaneously, the Management Board of AmRest informs that on September 10th, 2014 the Company issued bonds aimed to be a part of a plan to diversify sources of financing AmRest’s debt. The proceeds will be used for the development of the Company.
AmRest issued 14 000 dematerialized bearer bonds AMRE04100919 series at a par value of PLN 10 000 per one bond and an issue price equaled to 100% of the par value – the total value of issue amounted to PLN 140 000 000.
All bonds have a variable interest rate of 6M WIBOR increased by margin and their maturity date is September 10th, 2019. The interest will be paid semi-annually (on June 30th and December 30th) commencing from December 30th, 2014. The bond issue has not been additionally secured.
The value of AmRest’s liabilities as at the last day of the quarter preceding the offer amounted to PLN 1 573 million. It is estimated that the Net Debt/EBITDA ratio for the last 12 months shall not exceed 3.5 until the bonds are repurchased in their entirety.
Information enabling potential bond buyers to assess the effects of the project to be financed with the bond issue proceeds, and the Issuer’s ability to perform its obligations under the bonds, will be included in AmRest Annual and Semi-Annual Reports published at Warsaw Stock Exchange and placed on Issuer’s website [www.amrest.eu].