LONDON - J.P. Morgan Securities PLC, acting as the Stabilisation Coordinator, has announced the possibility of market stabilization activities related to Sherwood Financing PLC's recent securities offering. The securities, which include various tranches of senior secured notes denominated in euros and pounds sterling, have an aggregate nominal amount of €1.46 billion.
The stabilization period, which is expected to begin today, could last until December 28, 2024. During this time, the Stabilisation Manager(s) may engage in transactions to support the market price of the securities. This could include over-allotting securities by up to 5% of the aggregate nominal amount. The stabilization actions aim to maintain the securities' price higher than it might otherwise be in the open market. However, there is no guarantee that stabilization will take place, and if it does, it may be discontinued at any time within the specified period.
The securities in question consist of EUR 5-year-Non-Call-1-year FRN Senior Secured Notes, EUR 5-year-Non-Call-2-year FXD Senior Secured Notes, and GBP 5-year-Non-Call-2-year FRN Senior Secured Notes. These will be listed on The International Stock Exchange, with the offer price to be confirmed.
J.P. Morgan Securities PLC is the Stabilisation Coordinator, with Barclays (LON:BARC), HSBC, and Natwest serving as Stabilisation Managers. The stabilization activities, if initiated, will be conducted over the counter.
This announcement serves as a pre-stabilisation notice and does not constitute an offer to buy or an invitation to sell the securities. It is directed at qualified investors and those with professional investment experience outside the United Kingdom (TADAWUL:4280), or high net worth individuals within the UK as specified by local regulations.
The securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent an exemption from registration. There will be no public offering of these securities in the United States.
The information is based on a press release statement and is intended for informational purposes only. It does not imply an endorsement of the securities or suggest an investment recommendation.
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