Urenco gives results in tender of €150 million of notes due 2022

Chicago, July 2 – Urenco Finance NV announced the final results of its tender offer for up to €150 million of its €500 million 2.25% notes due 2022 (ISIN: XS1269854870), according to a London Stock Exchange notice.

As of the expiration time of 11 a.m. ET on July 1, the company had received valid tenders for €94,975,000 principal amount of notes.

All notes tendered will be accepted for purchase without pro rata scaling at a purchase price of 103.349 plus interest.

Pricing was set at 6 a.m. ET on July 2 using the interpolated mid-swap rate plus 80 basis points.

The interpolated mid-swap rate used was negative 0.38% with a purchase yield of 0.42%.

Settlement is expected for July 6.

HSBC Bank plc (+44 20 7992 6237, LM_emea@hsbc.com) and MUFG Securities EMEA plc (+44 20 7577 4218, liability.management@mufgsecurities.com) are acting as dealer managers, and Lucid Issuer Services Ltd. (+44 20 7704 0880, urenco@lucid-is.com) is acting as tender agent.

Urenco Ltd. is an enrichment services provider to the nuclear industry and is based in Stoke Poges England.

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