Motor Oil announces the successful pricing of senior unsecured bonds with a total nominal value of €400 million maturing in 2031 (the “Bonds”).
The Bonds will bear an interest rate of 3.750% per annum and were priced at 99.437% of their face value. The Bonds will mature on June 18, 2031.
The offering of the Bonds (the “Offering”) is scheduled to close on June 18, 2026, subject to the satisfaction of customary closing conditions.
The Bonds will be offered in offshore transactions outside the United States in accordance with Regulation S under the U.S. Securities Act of 1933, as amended.
The Company intends to use the proceeds from the Offering, together with existing cash on hand, to repay in full the existing €400 million 2.125% notes due 2026 (the “Existing Bonds”), including the payment of accrued and unpaid interest, as well as for the repayment of the Issue’s commissions and expenses.
This announcement does not constitute a notice of repayment of the Existing Bonds. Any repayment of the Existing Bonds will be made solely on the basis of a formal notice of repayment sent on June 8, 2026, in accordance with the bond indenture (indenture) governing the Existing Bonds and is subject to the completion of the Offering.
Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, HSBC Continental Europe, and Morgan Stanley Europe SE are acting as Joint Bookrunners and Joint Lead Managers, and AXIA Ventures Group Ltd., CrediaBank S.A., Eurobank S.A., ING Bank N.V., National Bank of Greece S.A., Natixis, Nomura Financial Products Europe GmbH, Optimabank S.A., and Piraeus Bank S.A. are acting as Bookrunners in connection with the Offering.