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LUXEMBOURG - BNP Paribas (OTC:BNPQY) announced Thursday that it will act as Stabilization Coordinator for a €300 million senior secured notes offering from Alexandrite Lake Lux Holdings S.A R.L. and Savoy Luxembourg Holdings S.A R.L., collectively referred to as Alstria HoldCo.
The stabilization period is expected to begin today and continue until August 29, 2025, according to the press release statement. During this period, the appointed stabilization managers may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
The group of stabilization managers includes BNP Paribas, Morgan Stanley (NYSE:MS), Credit Agricole (OTC:CRARY) CIB, Deutsche Bank (ETR:DBKGn), Societe Generale (OTC:SCGLY), and Bank of America. These institutions may over-allot securities to the extent permitted by applicable law as part of the stabilization process.
The offering price for the senior secured notes has not yet been determined. The stabilization activities, if undertaken, will be conducted in accordance with all applicable laws and rules, though the announcement notes that stabilization may not necessarily occur and any action begun may cease at any time.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered for sale in the United States. The offering is primarily directed at qualified investors outside the United Kingdom (TADAWUL:4280) and in European Economic Area Member States in accordance with relevant regulations.
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