BUENOS AIRES, Argentina--(BUSINESS WIRE)--
Grupo Supervielle S.A. (the “Company”), an Argentine financial group,
together with Julio Patricio Supervielle, the Company’s controlling
shareholder (the “Selling Shareholder”), announced today the
commencement of a global offering of Class B shares of the Company,
which consists 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”).
In the aggregate, 70,000,000 Class B shares are being offered by the
Company and 33,000,000 Class B shares are being offered by the Selling
Shareholder in the Global Offering. The International Offering consists
of an offering of Class B shares, which may be represented by American
Depositary Shares (“ADSs”) at the option of the international
underwriters and has been registered with the U.S. Securities and
Exchange Commission (the “SEC”). Each ADS represents five Class B
shares. The Argentine Offering consists of a preemptive and accretion
rights offering of Class B shares to existing shareholders and an
offering of Class B shares.
The Company intends to grant the international underwriters an option to
purchase up to 15,450,000 additional Class B shares, less any Class B
shares subscribed by our existing shareholders (other than the Selling
Shareholder) by exercising their preemptive and accretion rights.
The Selling Shareholder has agreed to assign its preemptive rights to
subscribe up to 37,242,932 Class B shares and the related accretion
rights to Banco Supervielle S.A., as subscription agent. Subject to
closing conditions set forth in the international underwriting
agreement, the international underwriters may, to the extent necessary
to ensure the availability of a sufficient number of Class B shares to
consummate the International Offering, exercise these preemptive and
accretion rights to purchase Class B shares to be offered in the
International Offering. In addition, the Company may offer in the
Argentine Offering, and the international underwriters may acquire from
the Company to be offered in the International Offering, Class B shares
relating to preemptive and accretion rights that are not exercised by
holders of such rights.
The Global Offering is expected to price on or about September 12, 2017.
A registration statement on Form F-3 and a prospectus supplement
relating to the offer and sale of the Class B shares and the ADSs have
been filed with the SEC and the registration statement has been declared
effective by the SEC.
BofA Merrill Lynch is acting as global coordinator and joint bookrunner
and Itaú BBA and J.P. Morgan are acting as joint bookrunners. AR
Partners and Banco Supervielle are acting as local placement agents.
The International Offering will be made only by means of a prospectus
and a related prospectus supplement. Before you invest, you should read
the prospectus in the registration statement, together with the related
preliminary prospectus supplement, and other documents we file with the
SEC that are incorporated by reference in those documents for more
complete information about the Company and the International Offering.
Copies of the prospectus and preliminary 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.
Copies of the registration statement, the prospectus and the preliminary
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, 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 has been 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 have been satisfied.
The CNV has not rendered 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 S.A. 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.A.’s business (please see “Risk Factors” in the
preliminary prospectus supplement relating to the Global Offering filed
with the SEC on the date hereof and our 2016 Form 20-F filed with the
SEC on May 1, 2017). Grupo Supervielle S.A. does not undertake to update
any forward-looking statements made in this press release to reflect
future events or developments. No assurance can be given that the equity
offering will be consummated or as to the ultimate terms of any such
transaction.
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Source: Grupo Supervielle S.A.