By Daniel Webster, dWeb.News Publisher
| Source: Diversey, Inc.
FORT MILL, S.C., Sept. 15, 2021 (GLOBE NEWSWIRE) — Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced that its indirect, wholly-owned subsidiary, Diamond (BC) B.V. (the “Company”) has priced the private placement of $500.0 million in aggregate principal amount of its 4. 625% Senior Notes due 2029 (the “Notes”). The Notes will be issued under an indenture to be entered into upon the closing of the offering, which Diversey anticipates will take place on or about September 29, 2021, subject to customary closing conditions. Diversey plans to use the net proceeds of the offering to repay the indebtedness as well as the remainder amount for general corporate affairs and working capital, including expenses related to the transaction.
The Notes will bear interest at a rate of 4. 625% per year, payable semi-annually on April 1 and October 1 of each year, beginning on April 1, 2022. The Notes will mature on October 1, 2029, unless earlier redeemed or repurchased.
The new senior notes will mature on October 1, , unless redeemed or repurchased earlier.
The Notes are being offered only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been or will not be registered under any Securities Act or any securities laws in any other jurisdiction. They may not be offered or sold within the United States without registration, an exemption from the registration requirements of Securities Act and applicable state securities, blue sky laws, and foreign securities laws.
This press release does not constitute an offer or solicitation to purchase any security. In any jurisdiction where such an offer, solicitation or sale would be illegal, no sale, offer, solicitation or sale will take place. Private offering memorandums will not be used to offer the notes.
HTML2_MiFID II professionals/ECPs/No PRIIPs KID. Manufacturer target market (MiFID 2 product governance) is only eligible counterparties and professional customers (all distribution channels). The PRIIPs Regulation key Information document (KID), has not been prepared because the notes aren’t available to UK retail investors.
Diversey’s mission is to protect and care for people through leading hygiene, infection prevention, and cleaning solutions. We create and deliver innovative products, technologies, and services that save lives and help protect the environment. Over the course of 95 years, the Diversey brand has become synonymous with product quality, service, and innovation.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Diversey’s current intentions, beliefs and expectations regarding the Notes Offering and the expected use of the net proceeds. These statements can be preceded, followed by, or include the words: “aim,”” “believe,”,”,”estimate,”,”,”believe,”,”forecast,”,”estimate,”,”forecast,”,”intend,”,”likely,”,”outlook,”,”plan,”,”potential,” project,” projection,” and the negatives thereof. Forward-looking statements are statements that do not reflect historical facts. Forward-looking statements can be affected by a variety of risks and uncertainties. There are and will be many important factors that could lead to actual results or outcomes being materially different from the statements. Forward-looking statements are not guaranteed to come to pass. Forward-looking statements are only predictions as of the date they were made. You should not place undue dependence on them. Diversey is not obligated to update or revise any forward-looking statements, regardless of whether new information or future developments occur, except as required under law.
Diversey Holdings, Ltd.
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