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PARIS - BNP Paribas (OTC:), acting as the stabilization manager for Elior (EPA:) Group S.A., has announced that no stabilization activities were conducted following the issuance of EUR 500 million in senior unsecured notes. The post-stabilization period notice, dated today, follows the pre-stabilization announcement from January 22, 2025.
The securities in question, described as senior unsecured notes with an aggregate nominal amount of EUR 500,000,000, were offered at a price of 100. Alongside BNP Paribas, other stabilization managers included CACIB, J.P Morgan, Natixis, BBVA (BME:), CIC, GS, Rabo, and SG.
Stabilization measures are actions taken by underwriters to support the price of a security after its initial offering. However, in this case, BNP Paribas has indicated that such measures were deemed unnecessary for Elior Group's offering.
The announcement clarifies that the information is solely for informational purposes and should not be interpreted as an invitation or offer to buy or sell any securities of the Issuer. Additionally, it is stated that the securities have not been and will not be registered under the United States Securities Act of 1933. Therefore, these securities may not be offered or sold in the United States without registration or an exemption from registration requirements. The press release also notes that there will not be a public offer of the securities in the United States.
This notice is based on a press release statement and provides essential information for investors and market observers regarding the recent activities surrounding Elior Group's security issuance. It is important to note that the lack of stabilization activities suggests confidence in the stability and market reception of the newly issued securities.
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