Technip concludes its bond issue
Technip has concluded, as previously announced in its 2009 reference document, the €200 million bond issue, arranged by Deutsche Bank with a single investor.
The bonds which are listed on the Luxembourg Stock Exchange, have a 10 year maturity and allow the Group to extend its debt average maturity.
The issuance has been rated BBB+ by Standard & Poor’s. As of June 30, 2010, the Group had €1,498 million as available positive net cash.
This press release does not, and shall not, in any circumstances constitute a public offering by Technip of Notes nor an invitation to the public in connection with any offer. No action has been or will be taken in any country or jurisdiction that would permit a public offering of the Notes, or the possession or distribution of this press release or any other offering or publicity material relating to the Notes, in any country or jurisdiction where action for that purpose is required.
This press release is an advertisement and not a prospectus within the meaning of EU Directive 2003/71/EC.
Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act"). The securities mentioned herein have not been and will not be registered under the Securities Act, and no public offering will be made in the United States.
Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.
With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.
Present in 48 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.
Technip Public Relations
Christophe Bélorgeot : Tel. +33 (0)1 47 78 39 92
Floriane Lassalle-Massip : Tel. + 33 (0)1 47 78 32 79 firstname.lastname@example.org
Technip Investor and Analyst Relations
Kimberly Stewart : Tel. + 33 (0)1 47 78 66 74 email@example.com
The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.