Ferrari N.V. announces final results of the cash tender offers on certain series of its euro notes

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The Offers were announced on 4 July 2019 and were made on the terms and subject to the conditions set out in the tender offer memorandum dated 4 July 2019 (the ).

Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Company hereby announces that it accepts for purchase valid tenders of the 2021 Notes pursuant to the relevant Offer for an aggregate nominal amount of €200,000,000 and the 2023 Notes pursuant to the relevant Offer for an aggregate nominal amount of €115,395,000. The final Maximum Acceptance Amount, originally set at €250,000,000, shall be increased to €315,395,000.

 

The following table sets out the final results in respect of the 2021 Notes and the 2023 Notes. No further announcements of results are expected to be made.

 

 

The Accrued Interest for the 2021 Notes accepted for purchase is 0.124% and the Accrued Interest for the 2023 Notes accepted for purchase is 0.500%.

 

The total amount that will be paid to each Noteholder on the Settlement Date for the Notes of such Series accepted for purchase from such Noteholder will be an amount (rounded to the nearest €0.01, with €0.005 rounded upwards) equal to the sum of:

 

The expected Settlement Date for the Offers is 16 July 2019.

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Globe Newswire: 14:18 GMT Friday 12th July 2019

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