PRISA completes the issuance of convertible bonds

PRISA reported to the National Commission on the Stock Exchange (CNMV) Full subscription to the issuance of convertible bonds for which demand exceeds the maximum amount of the aforementioned issue.

In the information registered with the CNMV, And the company clarifies that during the preferential subscription period that ended on January 26, 2023The subscription rights were exercised for 269,340 Convertible Notes representing 76.66% of the total maximum nominal amount of the issue.

After the end of the preferential subscription period There were 82,010 excess convertible bonds that will be allocated in the additional period specified in the second phase of the process.

The corresponding distribution is expected to take place tomorrow, February 1, 2023 To assign excess convertible noteswithin the allocation period included in this second phase of the process.

For all these reasons, the company is reporting that it will not continue At the opening of the third period, in which the discretionary allocation stipulated in the offer was contemplatedTherefore, as stipulated in the Process, the Company will terminate the offer as soon as the additional allocation period expires.

As a result of all of the above, The company informs that the issue will be fully subscribed.

In the coming days, the notarial deed corresponding to the subscription and payment of the convertible bonds will be granted and submitted to the Commercial Registry, in addition to the request to accept the trading of the convertible bonds in the AIAF-regulated Spanish market fixed income market.

PRISA will immediately inform you of pre-verification CNMV from the requirements for convertible bonds to be accepted for trading and to be accepted for trading on the AIAF in the coming days.

The success of the operation demonstrates the strong support of the shareholders for the group’s project. The €130m issuance will mainly go to Reduce PRISA’s financial debt, after obtaining the necessary funds for partial cancellation and offering the debt tranche with the highest financial expense It means interest, that is, the segment of junior debt, which is denoted by a variable interest rate equal to Euribor + 8%.