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LONDON - J.P. Morgan S.E has announced as of today, it may engage in transactions to stabilize the market price of securities issued by Sunrise FinCo I B.V. The stabilization period, which is expected to commence today, is set to last no longer than June 21, 2025, according to a statement released to the London Stock Exchange (LON:LSEG).
The securities in question consist of EUR 550 million in senior secured notes, with an expected seven-year non-callable period of three years (7NC3). These notes are slated for listing on The International Stock Exchange, though the offer price is yet to be confirmed.
The stabilization measures, which will be conducted in accordance with the Market Abuse Regulation (EU/596/2016) and Commission Delegated Regulation EU/xxx/2016, may include over-allotment of securities. The Stabilizing Managers, led by J.P. Morgan S.E as the coordinator, have the capacity to over-allot up to 5% of the aggregate nominal amount of the securities, not exceeding 105 percent of the aggregate principal amount post-allotment.
The team of Stabilizing Managers includes notable financial institutions such as Citi, Bank of America, BNP Paribas (OTC:BNPQY), Morgan Stanley (NYSE:MS), and UBS. Transactions to support the price of the securities may take place over the counter, with details to be confirmed.
These activities aim to maintain market stability by potentially supporting the securities’ market price during the stabilization period. However, there is no certainty that stabilization will occur, and if initiated, it can be halted at any time within the stated timeframe.
The announcement clarifies that this information does not constitute an offer to underwrite or acquire securities and is directed only at specific parties outside the United Kingdom (TADAWUL:4280) or those within it possessing relevant investment experience or meeting certain net worth criteria.
Furthermore, the securities have not been and will not be registered under the United States Securities Act of 1933, thus are not available for offer or sale in the United States absent registration or an exemption from registration.
This news is based on a press release statement and is solely for informational purposes, providing essential details to investors regarding potential market stabilization efforts for Sunrise FinCo I B.V.’s securities.
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