BUENOS AIRES, Argentina--(BUSINESS WIRE)--
Grupo Supervielle S.A. (NYSE: SUPV) (Mercado Abierto Electrónico S.A.:
SUPV) (Bolsas y Mercados Argentinos S.A.: SUPV) (“Grupo
Supervielle”), together with Julio Patricio Supervielle, Grupo
Supervielle’s controlling shareholder (the “Selling
Shareholder”), announced today the closing of a global offering
of Class B shares of Grupo Supervielle. The global offering consisted of
an international offering in the United States and other countries
outside of Argentina (the “International Offering”)
and a concurrent offering in Argentina (the “Argentine
Offering” and together with the International Offering, the “Global
Offering”). Simultaneously with the Global Offering, we conducted
a preemptive and accretion rights offering of Class B shares to existing
shareholders (the “Rights Offering”). In
the aggregate, 70,000,000 Class B shares were offered by Grupo
Supervielle and 33,000,000 Class B shares were offered by the Selling
Shareholder, including the Class B shares offered by the Company in the
Rights Offering.
The Global Offering and Rights Offering priced on September 12, 2017, at
US$4.00 per Class B share, or US$20.00 per ADS, for an aggregate
offering size of US$412 million. 17,238,907 American Depositary Shares
(“ADSs”) were sold in the International Offering. Each ADS represents
five Class B shares. 12,410,957 Class B shares were sold in the
Argentine Offering and 4,394,508 Class B shares were subscribed pursuant
to the Rights Offering. On September 14, 2017, the international
underwriters exercised their option to purchase up to 14,582,730
additional Class B shares, which may be represented by ADSs at the
option of the international underwriters. As a result of the exercise of
such option, an additional 867,267 Class B shares will be sold to
existing shareholders pursuant to their exercise of preemptive and
accretion rights relating to such option.
A registration statement on Form F-3 and a prospectus relating to the
Class B shares and the ADSs were filed with the U.S. Securities and
Exchange Commission (the “SEC”) and the
registration statement became effective on July 21, 2017.
BofA Merrill Lynch acted as global coordinator and joint bookrunner and
Itaú BBA and J.P. Morgan acted as joint bookrunners. AR Partners and
Banco Supervielle acted as local placement agents.
Copies of the prospectus and prospectus supplement related to the
International Offering may be obtained by contacting BofA Merrill Lynch,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001, Attention: Prospectus Department, or: dg.prospectus_requests@baml.com;
J.P. Morgan Securities LLC, 1155 Long Island Avenue, Edgewood, NY 11717,
Attention: Broadridge Financial Solutions, Telephone: 1-866- 803-9204,
Email: prospectus-eq_fi@jpmchase.com;
or Itaú BBA, Attention: Equity Sales Desk, 767 Fifth Avenue, 50th
Floor, New York, NY 10153, or 1-212-710-6756. Copies of the registration
statement, the prospectus and the prospectus supplement related to the
International Offering can be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The Argentine Offering was authorized by the Comisión Nacional de
Valores (“CNV”), the Argentine securities
regulator, pursuant to Resolution No. 18,856 dated July 18, 2017. The
CNV authorization means only that the information requirements of the
CNV were satisfied. The CNV did not render any opinion in respect of the
accuracy of the information contained in the Argentine prospectus.
Forward Looking Statements
This press release includes statements concerning potential future
events involving Grupo Supervielle that could differ materially from the
events that actually occur. The differences could be caused by a number
of risks, uncertainties and factors relating to Grupo Supervielle’s
business (please see “Risk Factors” in the prospectus supplement
relating to the Global Offering and our 2016 Form 20-F filed with the
SEC on May 1, 2017). Grupo Supervielle does not undertake to update any
forward-looking statements made in this press release to reflect future
events or developments.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170918006449/en/
Source: Grupo Supervielle S.A.