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 pricing 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 at US$4.00 per Class B
share, or US$20.00 per ADS, for an aggregate offering size of US$412
million. 86,194,535 Class B shares, which may be represented by American
Depositary Shares (“ADSs”) at the option of the international
underwriters, 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. Grupo Supervielle has granted the
international underwriters an option to purchase up to 14,582,730
additional Class B shares. In the event that the international
underwriters exercise such option in full, an additional 867,267 Class B
shares will be sold to existing shareholders pursuant to their exercise
of preemptive and accretion rights. The Global Offering is expected to
close on September 15, 2017.
A registration statement on Form F-3 and a prospectus relating to the
Class B shares and the ADSs have been filed with the U.S. Securities and
Exchange Commission (the “SEC”) and the
registration statement is effective.
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.
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 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 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. 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.