Selecta receives tenders for €115.63 million, CHF 88.75 million notes

New York, Jan. 29 – Selecta Group BV announced that it received tenders of €115,632,000 of its €350 million of 6½% senior secured notes due 2020 and CHF 156,246,000 of its CHF 245 million of 6½% senior secured notes due 2020.

All the notes will be accepted for purchase, subject to the financing condition being met.

Settlement is planned for Feb. 2.

Selecta expects to enter into a new revolving credit facility on Feb. 2 and to close its offering of €1.3 billion equivalent of new notes in three tranches that priced on Jan. 19.

Any notes not tendered will be redeemed on Feb. 13 under a notice of redemption issued on Jan. 15.

The tender ended at 11 a.m. ET on Jan. 26 after being extended on Jan. 24 from the original expiration date of 11 a.m. ET on Jan. 24 in order to allow extra time for investors to participate.

The offer was announced on Jan. 16.

As previously reported, Selecta was offering €1,017.24 per €1,000 principal amount for the euro-denominated notes and CHF 1,017.24 per CHF 1,000 principal amount for the Swiss franc notes.

In addition it will pay accrued interest up to but excluding the payment date.

The original notes were sold under Rule 144A and Regulation S, but the tender offer is being conducted under Regulation S.

Goldman Sachs International (+44 20 7774 9862 or liabilitymanagement.eu@gs.com) is dealer manager. Lucid Issuer Services Ltd. (+44 20 7704 0880 or selecta@lucid-is.com) is information agent.

Both the tender and the redemption have a financing condition. Selecta announced that it will offer €1.3 billion of new notes and it then priced that amount of new debt in three tranches on Jan. 19.

Selecta is a Zurich-based vending and coffee services company.

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