Eramet calls undated Odirnans; bonds convertible until Oct. 25

Chicago, Oct. 4 – Eramet Group has called for early redemption on Nov. 19 its Odirnan bonds (ISIN: FR0013204492), according to a press release.

The trading price of Eramet’s shares for 20 trading days of the last 40 days has exceeded the 130% hurdle.

The bonds will be redeemed at par of €46.33 plus interest from Oct. 5 to the redemption date, i.e. €46.558 per bond.

Holders of the undated bonds may exercise their conversion rights until Oct. 25.

Irrevocable requests to convert the bonds should be made to the financial intermediary holding the bonds.

BNP Paribas is the centralizing agent.

Any request for conversion will be effective the first trading day after BNP has received the request to exercise the conversion right, or the relevant bonds will have been transferred to BNP by 9 a.m. ET. If after 9 a.m. ET, the conversion right will be effective the following business day.

The company has the option to deliver either shares or cash if holders exercise their conversion rights.

The company notifies holders that it intends to honor exercises of the conversion rights with new shares.

Eramet is a Paris-based mining and metallurgical global producer of alloying metals.

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