Eramet: Results of the any and all tender offer to repurchase its bonds due May 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED

STATES OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR IN ANY OTHER JURISDICTION IN WHICH IT IS UNLAWFUL TO DISTRIBUTE THIS PRESS RELEASE.

Paris, 30 May 2024, 5:45 p.m.

PRESS RELEASE

Eramet: Results of the any and all tender offer to repurchase its bonds due May 2025

Eramet (the “Company”) announces today the results of its tender offer, launched on 21 May 2024, to repurchase for cash (the “Tender Offer”) any and all of its €300 million bonds due May 2025, issued on 21 November 2019 (ISIN: FR0013461274) and which are admitted to trading on the regulated market of Euronext Paris, of which the aggregate nominal amount outstanding before the launch of the Tender Offer was €293.6 million (the “Existing Bonds”).

The aggregate nominal amount of Existing Bonds validly tendered and accepted for purchase by the Company amounts to €173.6 million. The Existing Bonds repurchased by the Company pursuant to the Tender Offer will be cancelled by the Company and the aggregate nominal amount of the Existing Bonds that remain outstanding after the settlement of the Tender Offer, expected on 3 June 2024, will amount to €120 million.

The purpose of this Tender Offer and the issue by the Company of its new sustainability-linked bonds announced on 21 May 2024¹ is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity. 

¹ Please refer to press release dated 21 May 2024: 2024-05-21-Eramet-Tender-Offer-CP-de-lancement-EN.pdf

Head office – 10, boulevard de Grenelle – CS 63205 – 75015 Paris – eramet.com

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED

STATES OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR IN ANY OTHER JURISDICTION IN WHICH IT IS UNLAWFUL TO DISTRIBUTE THIS PRESS RELEASE.

This press release and the information therein does not constitute a tender offer nor an invitation to sell the bonds nor an invitation to participate in the tender offer in or from any country or jurisdiction to whom or in which such offer would be unlawful under the applicable laws and regulations. The distribution of this press release may be restricted by law and/or be subject to specific regulations in certain jurisdictions. Persons into whose possession this press release comes should inform themselves about and observe any applicable legal and regulatory restrictions. 

Calendar 

25.07.2024: Publication of 2024 half-year results 

24.10.2024: Publication of 2024 Group third-quarter turnover

ABOUT ERAMET 

Eramet transforms the Earth’s mineral resources to provide sustainable and responsible solutions to the growth of the industry and to the challenges of the energy transition.

Its employees are committed to this through their civic and contributory approach in all the countries where the mining and metallurgical group is present.

Manganese, nickel, mineral sands, lithium, and cobalt: Eramet recovers and develops metals that are essential to the construction of a more sustainable world. 

As a privileged partner of its industrial clients, the Group contributes to making robust and resistant infrastructures and constructions, more efficient means of mobility, safer health tools and more efficient telecommunications devices.

Fully committed to the era of metals, Eramet’s ambition is to become a reference for the responsible transformation of the Earth’s mineral resources for living well together.  www.eramet.com

 Head office – 10, boulevard de Grenelle – CS 63205 – 75015 Paris – eramet.com