SD Finance plc - Details of New Bond Issue

March 29, 2017

On 29 March 2017, SD Finance plc announced that it received approval for the issuance of €65 million 4.35% unsecured bonds maturing in 2027.

The salient details of the new bond issue are as follows:

Coupon:

4.35%

Amount Offered:

€65 million

Guarantor:

SD Holdings Limited

Issue Price:

100% (par)

Interest Payment Date:

Annually on 25 April (first interest payment date is 25 April 2018)

Maturity:

The bonds will mature at 100% (par) on 25 April 2027.

Status:

The Bonds constitute the general, direct, unconditional and unsecured obligations of the Issuer, guaranteed by the Guarantor, and shall at all times rank equally, without any priority or preference among themselves and with other unsecured debt of each of the Issuer and the Guarantor.

Use of Proceeds:

The net proceeds from the Bond issue, estimated at approximately €64 million after issuance costs, will be channelled by the Issuer to the Guarantor for use as follows:

€53.5 million for the refinancing of bank borrowings originally taken up for the redevelopment of the db Seabank Report & Spa and the db San Antonio Hotel & Spa;

€9.55 million for the redemption of preference shares held by the preference shareholders in Seabank Hotel and Catering Limited; and

€1 million for the general corporate funding purposes of the Group.

Plan of Distribution:

The Bonds were distributed principally through an intermediaries offer. A total amount of €54.45 million in Bonds were allocated to Authorised Financial Intermediaries pursuant to placement agreements with the balance being reserved for preference shareholders of Seabank Hotel and Catering Limited and Group employees.

Listing:

Official List of the Malta Stock Exchange

Disclaimer:

The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors are urged to read the Prospectus issued by SD Finance plc dated 27 March 2017 including the Risk Factors which are found in the Registration Document on pages 5 to 13 and in Section 2 of the Securities Note found on pages 7 to 8. Prospective investors are urged to consult an independent financial adviser for advice prior to investing in the Bonds.

Downloads:

SD Finance plc – Prospectus dated 27 March 2017

This webpage has been prepared based on the Prospectus dated 27 March 2017 issued by SD Finance plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is not intended to be and should not be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.