18 May 2017

Regulated Information

Umicore completes a € 360 million US Private Placement notes issue

Umicore has successfully completed a € 360 million US Private Placement notes issue (“US PP”). The offering attracted strong interest from institutional investors and was significantly oversubscribed. The transaction is composed of a 10-year tranche of € 160 million maturing in December 2027 and a 12-year tranche of € 200 million maturing in December 2029. The funds will be drawn upon in December of this year.

Through the combination of the recently announced € 330 million Schuldschein offering and this US PP, Umicore substantially diversifies and extends the maturity of its debt at attractive and fixed terms. The combined proceeds will be used to fund Umicore’s strategic growth initiatives and refinance part of its existing debt.

J.P. Morgan Securities LLC and MUFG Securities Americas Inc. acted as Placement Agents on the transaction.


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