<Lufthansa Malta Blues LP successfully prices the issue of EUR 234 million notes exchangeable into JetBlue shares and guaranteed by Lufthansa
03/29/2012 | 04:20pm
Lufthansa Malta Blues LP has successfully priced the issue of EUR 234 million notes due 2017 exchangeable into shares of common stock of JetBlue Airways Corporation at the option of the noteholders and guaranteed by Deutsche Lufthansa AG. The notes were offered and sold to qualified institutional buyers that are also qualified purchasers in an institutional private placement without registration pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The offering is expected to settle on or around April 5, 2012.
The terms for the 5-year exchangeable senior notes maturing 5 April 2017 have been set with a coupon of 0.75% per annum, payable annually and an initial exchange price of EUR 5.02 per share of JetBlue Airways Corporation common stock, representing an exchange premium of 37.5% based on the volume weighted average trading price between market open and pricing on March 29, 2012 converted at an exchange rate of USD:EUR 1.3263. The proceeds from the offering are to be used for general corporate purposes.
The notes have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
This press release is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as "relevant persons"). This press release is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.
This press release does neither constitute an offer of securities nor a prospectus within the meaning of Directive 2003/71/EC of the European Union (together with any amendments thereto, including any relevant implementing measure in the relevant member state (the "Prospectus Directive"). Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA member state that has implemented the Prospectus Directive is only addressed to qualified investors in that member state within the meaning of the Prospectus Directive.
The information contained in this press release is not for publication or distribution in Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.
Deutsche Lufthansa AG Media Relations Lufthansa Group>