NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S (REGULATION S) UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
€250,000,000
4.625% Senior Notes due 2021
ISIN: XS1061086846; Common Code: 106108684
Milan, April 30, 2018 – On April 9, 2018, notice (the Conditional Notice of Redemption) was given by Piaggio & C. S.p.A. (the Issuer) in accordance with Sections 3.2, 3.4 and 11.1 of the indenture dated as of April 24, 2014 (the Indenture) by and among, inter alios, the Issuer, as Issuer, Deutsche Trustee Company Limited as Trustee and Deutsche Bank AG, London Branch, as Paying Agent, pursuant to which the Issuer issued its €250,000,000 4.625% Senior Notes due 2021 (the Notes).
The terms not otherwise defined herein shall have the same meanings given to them in the Conditional Notice of Redemption.
The Refinancing Condition has been satisfied today and the Issuer will therefore redeem the entire principal amount of the Notes outstanding, in accordance with the terms set out in the Conditional Notice of Redemption, on May 9, 2018, which shall be the “Optional Redemption Date” for the purposes of the Conditional Notice of Redemption.
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