Adevinta ASA (ADE) – Adevinta announces a term loan project

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Oslo, October 13, 2020 – Adevinta ASA (the “Company” or “Adevinta”) announced its intention to syndicate a new senior secured B term loan consisting of a EUR denominated tranche with a total principal amount of approximately EUR 900 million and a US dollar tranche of a total principal amount of approximately equivalent) (together, the “TLB installation”). Following the launch of the TLB facility, Adevinta intends to launch a private offer to eligible buyers of additional senior secured finance (together with the TLB facility, the “Secured Senior Financing”), subject to market conditions. The total principal amount of the senior secured funding is expected to be € 2.386 billion, which will be used in part to fund part of the cash consideration for the eBay Classifieds Group acquisition (“ECG”) and refinance existing debt. Adevinta ASA, Adevinta Finance AS and eBay Classifieds Holding BV will be borrowers under the TLB facility. The Secured Senior Financing will be guaranteed by certain subsidiaries of Adevinta and, following the acquisition of eCG, by the subsidiaries of eCG.

The senior secured financing will be secured on a pari passu senior basis by senior collateral in the shares of the guarantors as well as certain significant bank accounts and intercompany receivables of Adevinta ASA.

This press release is not an offer to sell or the solicitation of an offer to buy securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be illegal. . None of the senior secured financings have been and will be registered under the US Securities Act of 1933, as amended or any state securities law and may not be offered or sold in the United States. without registration or an applicable exemption from registration. requirements of the Securities Act or any applicable state securities law.

Forward-looking information
The matters discussed in this announcement may constitute forward-looking statements, including statements relating to senior secured funding, including the intended use of the product. Forward-looking statements are statements that are not historical fact and can be identified by words such as “believe”, “aim”, “expect”, “anticipate”, “intend”, ” estimate ”,“ will ”,“ can ”,“ continue ”,“ should ”and similar expressions. The forward-looking statements contained in this press release are subject to risks, uncertainties, contingencies and other important factors that could cause actual events to differ materially from the expectations expressed or implied in this press release by such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and should not be taken as a guide to future performance. The Company expressly disclaims any obligation or commitment to update, review or revise any forward-looking statement contained in this announcement, whether as a result of new information, future developments or otherwise.

This information is subject to disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Law.

Target market for manufacturers (governance of MIFID II products): eligible counterparties and professional clients only (all distribution channels). No PRIIP Key Information Document (KID) has been prepared as it is not available to retail investors in the EEA or UK.

This information is subject to disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Law.

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