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Edcon Launches Bond Offer

06 November 2013

Johannesburg, South Africa: Edcon Holdings Limited ("Edcon") today launched an offering of €400 million equivalent in aggregate principal amount of euro-denominated fixed rate senior notes due 2019 (the "Notes")

Edcon also announced the launch of a tender offer for any and all of its €378,000,000 aggregate principal amount of senior floating rate notes due 2015 (the "2015 Notes") held by persons not located or resident in the United States (the "Tender Offer") and the anticipation of the announcement of a redemption of the 2015 Notes that are not validly tendered and accepted for purchase pursuant to the Tender Offer (the "2015 Senior Notes Redemption").

The net proceeds from the offering of the Notes will be used to repurchase the 2015 Notes tendered pursuant to the Tender Offer and to fund the 2015 Senior Note Redemption.

The Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act.

 

 

 

 


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