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DUBLIN - GTC Finance DAC announced Friday it will offer €455 million in 5-year fixed-rate senior secured notes, with GlobeTrade Centre S.A. serving as guarantor, according to a pre-stabilization notice.
JP Morgan SE will act as the stabilization coordinator for the offering, which is expected to be listed on the Global Exchange Market of Euronext Dublin. The stabilization period is scheduled to begin October 3, 2025, and end no later than November 3, 2025.
The stabilization manager may over-allot securities in an amount not exceeding 5% of the aggregate nominal amount, potentially bringing the total offering to up to 105% of the stated amount. This mechanism allows the stabilization manager to support the market price of the securities, though stabilization is not guaranteed to occur.
The notes will be offered in denominations of €100,000, with increments of €1,000 thereafter. The offer price has yet to be determined.
According to the press release, the securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States. The offering is primarily directed at qualified investors outside the United Kingdom and within European Economic Area Member States that have implemented relevant financial regulations.
The announcement specifies that in the United Kingdom, the offering is only directed at persons with professional experience in investment matters or high net worth individuals as defined by the Financial Services and Markets Act 2000.
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