Como continuation of the communication sent today to the Spanish National Securities Market Commission (CNMV), EROSKI reports that it has set the economic terms of its new senior secured bond offering, for a nominal amount of €500 million, with a fixed rate of 5.750% and maturity in 2031. Interest will be payable semi-annually.

In addition, EROSKI has entered into new financing instruments that include:

• a syndicated loan (TLA) amounting to €370 million with maturity in 2031,
• a new credit facility of €80 million, with maturity in 2031.

The funds obtained through the bond issuance and the new financing instruments will be allocated to:

• the early repayment of the Subordinated Notes (OSES) maturing in 2028 (€209 million),
• the early redemption of the 10⅝% senior secured bond issuance maturing in 2029,
• the repayment of other loans contracted by the group,
• the payment of accrued interest, premiums, fees, and associated expenses.

 

PRESS CONFERENCE ANNOUNCEMENT:

EROSKI invites media outlets to a press conference to be held tomorrow, Thursday, November 20, at 13:00, at Bulevar 30 (Gran Vía 30, 13th floor, Madrid). At the event, Rosa Carabel, CEO of the EROSKI Group, and Josu Mugarra, CFO of the Group, will provide full details of the transaction and answer journalists’ questions.

The press conference will also be streamed online for media unable to attend in Madrid.