CE Energy announces launch of offering of senior notes
28. 1. 2014
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW
CE Energy, a.s. (“CE ENERGY”), a wholly-owned subsidiary of Energetický a průmyslový holding, a.s. (“EPH”) and the direct parent of EP Energy, a.s., announced today that it has launched an offering of euro-denominated fixed rate senior notes due 2021 (the “Notes”) in an aggregate principal amount of €500 million.
The proceeds from the offering, if completed, will be applied in prepayment in full of the outstanding senior indebtedness of CE ENERGY under a senior credit facility agreement entered into in December 2013 (which was used in part to fund a loan to EPH) and cancellation thereof, in repayment of a portion of certain subordinated shareholder indebtedness, towards payment of fees, costs and expenses related to the offering and with remaining amounts available as cash reserves.
For further information, please contact:
CE Energy, a.s.
Pařížská 130/26, 110 00 Praha 1
T: +420 232 005 246
F: +420 232 005 400
This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be 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 absent registration or an applicable exemption from registration requirements.
Forward Looking Statements
This press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the words “assume,” “believe,” “could,” “estimate,” “anticipate,” “expect,” “intend,” “may,” “will,” “plan,” “continue,” “ongoing,” “potential,” “predict,” “project,” “risk,” “target,” “seek,” “should” or “would” and similar expressions or, in each case, their negative or other variations or comparable terminology or by discussions of strategies, plans, objectives, targets, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth and strategies, our reserves and the industry in which we operate. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results.