NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
Sarens Bestuur N.V. ("Sarens Group") today announces that its direct subsidiary Sarens Finance Company NV commenced an offering of senior notes due 2022 (the "Notes"). The proceeds from the offering of the Notes, if completed, are expected to be used to acquire assets currently held off balance sheet under operating leases and purchase options, fund related transaction fees and expenses and for general corporate purposes.
Standard & Poor's recently assigned Sarens Bestuur N.V. a corporate credit rating of BB with a 'stable' outlook.
The Sarens Group, with its Belgium-based head office (Wolvertem), has been providing heavy lift, engineered transport and specialized rigging services for more than 60 years. With state of the art design tools and one of the world's largest inventories of cranes, transporters, and specialty rigging equipment, along with a team of highly skilled professionals, the Sarens Group is an international market leader in its field. Employing more than 4,200 dedicated employees who embody the spirit of the company's motto, "Nothing too heavy, Nothing too high", the Sarens Group is well prepared to support its customers' heavy lift, engineered transport and specialized transport requirements around the globe and across every market sector. (www.sarens.com)
For more information, please contact:
Corporate Communication Manager Sarens Group
+32 (0)52 319 381
This document is not an offer of securities for sale in the United States or any other jurisdiction where to do so would be unlawful. Sarens Group has not registered, and does not intend to register, any securities in any of these jurisdictions and does not intend to conduct a public offering of securities in any of these jurisdictions.
In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws. The offer is being made outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
This document is an advertisement and is not a prospectus for the purposes of applicable measures implementing Directive 2003/71/EC and amendments thereto, including Directive 2010/73/EU, to the extent implemented in the relevant Member State (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive").
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom; or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (iii) to high net worth entities and other persons falling within Article 49(2)(a) to (d) of the Order; or (iv) persons to whom it may otherwise be lawfully communicated in accordance with the Order (all such persons in (i), (ii), (iii) and (iv) above together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.