TORONTO, Canada and MOSCOW, Russia, Aug. 22, 2013 /CNW/ - Uranium One today
announced that it has negotiated definitive commercial terms and closed the
order book for its offering (the "Offering") of approximately USD 378.8
million(RUB12,500,000,000) aggregate principal amount of Series 2 Ruble Bonds,
originally announced in the Company's press release dated August 13, 2013.
The Company further announced that the order book for its public offering to
repurchase the Company's existing USD 433.3 million(RUB14,300,000,000)
aggregate principal amount of Series 1 Bonds, announced in the same press
release, has also closed (the "Repurchase"), with 83% of the existing bonds
submitted for repurchase.
Highlights of the Series 2 Bond Offering
-- The Offering was over-subscribed.
-- Expected gross proceeds of approximately USD 378.8 million
-- Ruble interest rate of 10.25%.
-- Effective term of seven years from the date of issue.
-- Series 2 Bonds to be listed for trading on the Moscow Exchange.
-- The Offering is scheduled to close on August 23, 2013.
Highlights of the Series 1 Bond Repurchase
-- Holders of approximately USD 357.9 million (RUB11,809,941,000)
aggregate principal amount of the Series 1 Bonds have tendered
to the Repurchase.
-- The Repurchase is scheduled to close on August 23, 2013.
-- Funding for the Repurchase will come from the proceeds of the
Series 2 Offering.
-- The terms of the remaining USD 75.5 million (RUB2,490,059,000)
Series 1 Bonds will remain unchanged with an effective U.S.
dollar interest rate of 6.74% and maturity of November 30,
(The U.S. dollar amounts given above are indicative and based on current spot
exchange rate of USD 1 = RUB 33.0; both series of bonds are denominated and
payable in rubles.)
The Offering and the Repurchase were arranged by CJSC "Sberbank CIB" (as lead
arranger) and Gazprombank.
This announcement is being made concurrently with one or more similar Russian
announcements in the form prescribed by the Russian Federal Service for
About Uranium One
Uranium One is one of the world's largest uranium producers with a globally
diversified portfolio of assets located in Kazakhstan, the United States,
Australia and Tanzania. ARMZ and its affiliates currently are Uranium One's
largest shareholder, owning approximately 492.2 million (approximately 51.4%
of the outstanding) common shares of Uranium One, and have entered into an
agreement to acquire the remaining outstanding common shares of Uranium One,
subject to receipt of all necessary regulatory approvals.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
The Series 02 Bonds are offered for sale only in Russia and in such other
jurisdictions in which the offer and sale of the Series 02 Bonds may be
legally made and will not trigger (i) any obligation to prepare and file a
prospectus or similar disclosure document, or (ii) any registration or other
obligation on the part of Uranium One.
The Series 02 Bonds have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any
U.S. state securities laws, nor will the Bonds be offered or sold to, or for
the account or benefit of, a person in the United States or a U.S. person, as
such terms are defined in Regulation S under the U.S. Securities Act.
The distribution of this press release and other information in connection
with the securities described herein in certain jurisdictions may be
restricted by law and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
This press release contains "forward-looking statements" within the meaning of
applicable securities laws that are intended to be covered by the safe
harbours created by those laws, including statements that use forward-looking
terminology such as "may", "will", "expect", "anticipate", "believe",
"continue", "potential", or the negative thereof or other variations thereof
or comparable terminology. Such forward-looking statements may include,
without limitation, statements regarding the completion and terms of the
proposed offering and sale of the Series 02 Bonds referred to herein and the
use of the proceeds of such offering, the completion and terms of the proposed
repurchase of Series 01 Bonds, and other statements that are not historical
facts. While such forward-looking statements are expressed by Uranium One, as
stated in this release, in good faith and believed by Uranium One to have a
reasonable basis, they are subject to important risks and uncertainties
including, without limitation, the completion of the proposed transactions,
the state of the capital markets, and changes to the content or application of
the relevant laws or regulations, which could cause actual results to differ
materially from future results expressed, projected or implied by the
forward-looking statements. As a result of these risks and uncertainties, the
proposed transaction could be modified, restructured or not be completed, and
the results or events predicted in these forward-looking statements may differ
materially from actual results or events. These forward-looking statements are
not guarantees of future performance, given that they involve risks and
uncertainties. Uranium One is not affirming or adopting any statements made by
any other person in respect of the proposed transaction and expressly
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except in accordance with applicable securities or to comment on
expectations of, or statements made by any other person in respect of the
proposed transaction. Investors should not assume that any lack of update to a
previously issued forward-looking statement constitutes a reaffirmation of
that statement. Reliance on forward-looking statements is at investors' own
For further information about Uranium One, please visit www.uranium1.com.
SOURCE Uranium One Inc.
Chris Sattler Chief Executive Officer Tel: +1 647 788 8500
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