Obligation Axalta Coatings LLC 4.875% ( USU0507PAA76 ) en USD

Société émettrice Axalta Coatings LLC
Prix sur le marché 100 %  ▼ 
Pays  Etas-Unis
Code ISIN  USU0507PAA76 ( en USD )
Coupon 4.875% par an ( paiement semestriel )
Echéance 15/08/2024 - Obligation échue



Prospectus brochure de l'obligation Axalta Coating Systems LLC USU0507PAA76 en USD 4.875%, échue


Montant Minimal 150 000 USD
Montant de l'émission 500 000 000 USD
Cusip U0507PAA7
Notation Standard & Poor's ( S&P ) BB- ( Spéculatif )
Notation Moody's N/A
Description détaillée Axalta Coating Systems LLC est un fournisseur mondial de revêtements liquides et en poudre pour les marchés automobile, transport, industriel et architectural.

Une obligation d'entreprise notable, émise par Axalta Coating Systems LLC, est récemment arrivée à son terme et a été intégralement remboursée, marquant la conclusion de son cycle de vie financière. Axalta Coating Systems LLC, une entreprise américaine de premier plan dans le secteur des revêtements liquides et en poudre, dessert une vaste gamme d'applications industrielles et de transport. Spécialisée dans la fourniture de solutions de peinture pour les véhicules légers et lourds, ainsi que pour des usages industriels généraux, Axalta est un acteur mondial reconnu pour son innovation et la performance de ses produits, ce qui lui permet de recourir aux marchés obligataires pour financer ses opérations et sa croissance. L'obligation en question, identifiée par le code ISIN USU0507PAA76 et le code CUSIP U0507PAA7, était une émission d'un montant total de 500 000 000 USD, lancée depuis les États-Unis. Elle offrait un taux d'intérêt fixe de 4,875%, avec une fréquence de paiement semi-annuelle (2 fois par an), garantissant des retours réguliers aux investisseurs sur sa durée de vie. L'accès à cette émission nécessitait un investissement minimal de 150 000 USD. Un élément clé concernant cet instrument est sa maturité : le 15 août 2024, l'obligation est arrivée à échéance et a été intégralement remboursée à sa valeur nominale de 100% sur le marché, clôturant ainsi son cycle de vie financière. Avant son remboursement, l'obligation bénéficiait d'une notation 'BB-' de la part de l'agence Standard & Poor's (S&P), une classification située dans la catégorie 'non-investment grade' ou 'spéculative', indiquant un risque de crédit modéré à élevé, reflétant la capacité de l'émetteur à honorer ses obligations financières tout en étant potentiellement plus sensible aux conditions économiques défavorables. La clôture réussie de cette émission souligne la gestion de la dette par Axalta et la bonne exécution des obligations envers ses créanciers.







Exhibit
https://sec.report/Document/0001616862-18-000063/a201810188-kxe...
EX-99.1 2 a201810188-kxexhibit991.htm EXHIBIT 99.1
Exhibit 99.1
News Release
Axalta Coating Systems
Contact
2001 Market Street
Robert Ferris
Suite 3600
D +1 215 255 7981
Philadelphia, PA 19103
[email protected]
USA
For Immediate Release
AXALTA ANNOUNCES COMMENCEMENT OF CONSENT SOLICITATIONS
Philadelphia, PA, October 18, 2018 - Axalta Coating Systems Ltd. (NYSE: AXTA) (the "Company") today announced the
commencement of solicitations of consents (the "Consent Solicitations") by Axalta Coating Systems, LLC (the "2024 Notes
Issuer") and Axalta Coating Systems Dutch Holding B B.V. (the "2025 Notes Issuer" and, together with the 2024 Notes Issuer,
the "Issuers"), each an indirect wholly owned subsidiary of the Company, to amend the indentures (the "Indentures") relating
to (i) the 2024 Notes Issuer's 4.250% Senior Notes due 2024 (the "2024 Euro Notes") and 4.875% Senior Notes due 2024 (the
"2024 Dollar Notes" and, together with the 2024 Euro Notes, the "2024 Notes") and (ii) the 2025 Notes Issuer's 3.75% Senior
Notes due 2025 (the "2025 Notes" and, together with the 2024 Notes, the "Notes"), upon the terms and subject to the
conditions set forth in the applicable Consent Solicitation Statement, each dated October 18, 2018 (the "Consent Solicitation
Statements").
The Consent Solicitations are being conducted in order to permit the Company and its subsidiaries to effect certain corporate
transactions as part of a potential internal reorganization of certain of the Company's subsidiaries (the "Proposed
Restructuring") and certain potential future reorganizations involving the Company.
The proposed amendments (the "Proposed Amendments"), as more fully described in the Consent Solicitation Statements,
would, if effected, (i) add the Company and certain wholly owned subsidiaries of the Company as guarantors of the Notes, (ii)
provide that (A) at the time the Proposed Amendments become operative, the covenants of the Indentures will generally apply
to the Company and its restricted subsidiaries and (B) upon an election by the relevant Issuer at any time thereafter, a successor
parent guarantor may be designated and, upon the effectiveness of the guarantee of such successor parent guarantor, the
covenants of the applicable Indenture will generally apply to such successor parent guarantor and its restricted subsidiaries,
(iii) otherwise amend the Indentures in order to effect the Proposed Restructuring and (iv) update guarantee limitations for
certain of the guarantors.
The Consent Solicitation is being made to all Holders in whose name a Note was registered on October 17, 2018 (the "Record
Date") and their duly designated proxies.
Each of the Consent Solicitations will expire at 5:00 p.m., New York City time, on October 29, 2018. Each Issuer reserves the
right to terminate or extend the applicable Consent Solicitation with respect to the Proposed Amendments in its sole discretion.
The term "Expiration Date" shall mean the time and date on which the applicable Consent Solicitation so expires (as it may be
so extended) or is terminated.
In the event that the conditions described in the applicable Consent Solicitation Statement, including the receipt of the
applicable Requisite Consents (as defined below), are satisfied, the applicable Issuer will pay an aggregate cash payment equal
to the amount set forth (the "Consent Fee") in the table below for Notes for which consents to the Proposed Amendments are
validly delivered and unrevoked:
Aggregate
Principal Amount
ISIN Numbers
Outstanding
Notes
CUSIP Numbers
Consent Fee
4.250% Senior Notes due 2024
N/A
XS1468536419
335,000,000
2.50 per 1,000 principal amount
XS1468538035
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Exhibit
https://sec.report/Document/0001616862-18-000063/a201810188-kxe...
4.875% Senior Notes due 2024
05453GAA3
US05453GAA31
$500,000,000
$2.50 per $1,000 principal amount
U0507PAA7
USU0507PAA76
05453GAB1
US05453GAB14
3.75% Senior Notes due 2025
N/A
XS1492656944
450,000,000
2.50 per 1,000 principal amount
XS1492656787
1
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Exhibit
https://sec.report/Document/0001616862-18-000063/a201810188-kxe...
The Consent Solicitations are each subject to customary conditions, including, among other things, the receipt of valid and
unrevoked consents with respect to a majority in aggregate principal amount of the 2024 Notes or 2025 Notes, as applicable
(the "Requisite Consents"), prior to the Expiration Date. For the purpose of determining whether the Requisite Consents for the
2024 Notes have been obtained, the 2024 Euro Notes and 2024 Dollar Notes will vote together as a single class, and the
principal amount of 2024 Euro Notes will be converted to a U.S. dollar basis using a Euro/U.S. dollar exchange rate of 1.00 =
$1.1502 as of October 17, 2018, as announced by Bloomberg. In addition, the Consent Solicitations are each subject to the
effectiveness of the Proposed Amendments to the other Indenture and related amendments to the Company's senior secured
term loan facility and its multi-currency senior secured revolving facility, in each case necessary to effect the Proposed
Restructuring.
The Consent Solicitations are being made solely on the terms and subject to the conditions set forth in the Consent Solicitation
Statements. The applicable Issuer may, in its sole discretion, terminate, extend or amend the Consent Solicitations at any time
as described in the applicable Consent Solicitation Statement.
The Company has retained Barclays Capital Inc. to act as solicitation agent in connection with the Consent Solicitations.
Questions may be directed to Barclays Capital Inc. at +1 (800) 438-3242 (US toll free) or +1 (212) 528-7581 (collect) in the
United States or +44 (0) 203 134 8515 in the United Kingdom. The Company has retained D.F. King to act as the information
and tabulation agent in connection with the Consent Solicitations. Questions and requests for additional documents may be
directed to D.F. King at +1 (800) 515-4507 (US toll free), +1 (212) 269-5550 in the United States, +44 (0) 20 7920 9700 in the
United Kingdom or via email: [email protected].
Copies of the Consent Solicitation Statements and other documents related to the Consent Solicitations are available on the
consent website: https://sites.dfkingltd.com/axalta.
This announcement is for information purposes only and is neither an offer to sell nor a solicitation of an offer to buy any
security. This announcement is also not a solicitation of consents with respect to the Proposed Amendments or any securities.
The Consent Solicitations are not being made in any jurisdiction in which, or to or from any person to or from whom, it is
unlawful to make such solicitation under applicable state or foreign securities or "blue sky" laws.
About Axalta Coating Systems
Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and
sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings
and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last
longer. With more than 150 years of experience in the coatings industry, the approximately 14,000 people of Axalta continue to
find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application
systems and technology. For more information, visit axalta.com.
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