March 01, 2015 10:18 AM ET

Construction and Engineering

Company Overview of Abengoa Finance, S.A.U.

Company Overview

Abengoa Finance, S.A.U. is based in Seville, Spain. Abengoa Finance, S.A.U. operates as a subsidiary of Abengoa SA.

Campus Palmas Altas

Seville,  41014

Spain

Key Executives for Abengoa Finance, S.A.U.

Abengoa Finance, S.A.U. does not have any Key Executives recorded.

Abengoa Finance, S.A.U. Key Developments

Abengoa Finance, S.A.U. Completes EUR 500 Million Issue of Bonds

Abengoa, S.A. announced that its subsidiary Abengoa Finance, S.A.U. has launched an issue of bonds and has successfully completed the pricing process of such issue, which will amount to EUR 500 million, with maturity on March 31, 2021, guaranteed by the company and several of the company's subsidiaries. The Notes have been priced at 100% of their nominal amount. The Notes will accrue interest at an annual rate of 6% payable semi-annually. The closing of the issue is expected to take place on March 27, 2014, once the customary conditions precedent for this type of issue have been met. The net proceeds from the Notes will be on-lent by Abengoa Finance, S.A.U. to the company on a permanent basis. In turn, the company expects to set aside the net proceeds in the form of cash or readily marketable securities to repay EUR 300 million of its Senior Unsecured Notes due February 2015, with the balance of net proceeds being used to prepay by September 30, 2014 a portion of its syndicated facility due in July 2015.

Abengoa Finance Successfully Completes the Pricing Process of EUR 250,000,000 Senior Notes Due 5 February 2018

Abengoa Finance, S.A.U. has successfully completed the pricing process of its EUR 250,000,000 Senior Notes due 5 February 2018 guaranteed by the Company and several of the Company's subsidiaries, which will be fungible with the previous issue of 8.875% Senior Notes due 2018 of Abengoa Finance, S.A.U. denominated 'Abengoa Finance, S.A.U. EUR 250,000,000 8.875% Senior Notes due 2018' made on 5 February 2013. The Notes have been priced at 100.25% of their nominal amount plus accrued and unpaid interest, if any, from 5 August 2013. The Notes will accrue interest at an annual rate of 8.875% payable semi-annually. The closing of the issue is expected to take place on 3 October 2013, once the customary conditions precedent for this type of issue have been met. The net proceeds from the Notes, which will be on-lent by Abengoa Finance, S.A.U. to the Company on a permanent basis, are expected to be used by the Company to prepay maturities due in 2014 on a Forward Start Facility Agreement entered into by the Company and its subsidiaries on April 2012, by no later than the next interest payment date on such facility, which is 22 January 2014.

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