Artea Launches Bond Exchange Offer
Artea announces the launch of a bond exchange offer involving its existing bond issue for new bonds with a higher interest rate.
Details of the Exchange Offer
Artea is proposing an exchange of existing bonds issued in two tranches on March 16, 2021, and December 9, 2022, for a total amount of 28.749 million euros, bearing interest at 5% per annum and maturing on March 16, 2026 (ISIN code: FR0014002D70), for new bonds up to a maximum amount of 28.749 million euros, bearing interest at 6% per annum and maturing on March 13, 2029. The offer is exclusively directed at holders of existing bonds who meet the eligibility criteria, specifically excluding U.S. nationals and residents outside the United States. The exchange offer will take place on March 18, 2026, concurrently with the issuance of the new bonds. Interested holders must contact their financial intermediaries, who should approach Uptevia, the centralizing agent of the offer, by no later than March 12, 2026, at 5:00 PM Paris time.
Conditions Following the Exchange
The existing bonds accepted for exchange will be canceled. Holders of existing bonds who do not participate in the offer or whose bonds are not accepted for exchange will retain their securities under the existing terms. These bonds will remain admitted for trading on the Euronext Access market managed by Euronext in Paris. Artea will promptly communicate the total amount of bonds tendered for the offer and the amount of the new bond issuance at the end of the offer period. The company reserves the right to modify or waive any or all of the operations and to amend their terms.
