At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
With trusted brands that enjoy leading market positions, Adevinta operates a resilient business model at the centre of the second-hand economy at the time when consumers are seeking more sustainable and cost-efficient ways to buying products.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
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Oslo, 19 October 2020 – Adevinta ASA announced today that it has launched an offering of approximately €1,060 million aggregate principal amount of senior secured notes, consisting of notes due 2025 and 2027 (the “Senior Secured Notes”).
Adevinta previously announced its plans to syndicate a new senior secured Term Loan B facility consisting of a €900 million EUR-denominated tranche and a $500 million U.S. dollar-denominated tranche (the “Term Loan B”).
The aggregate principal amount of the Senior Secured Notes and the Term Loan B is expected to be €2.386 billion, which will be used to, among other things, fund a portion of the cash consideration for the acquisition of eBay Classifieds Group (“eCG”) and refinance existing debt.
The Senior Secured Notes and Term Loan B will be guaranteed by certain subsidiaries of Adevinta and eCG and secured by shares of certain of the guarantors as well as certain material bank accounts and the intercompany receivables of Adevinta.
This press release is neither an offer to sell nor the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. The Senior Secured Notes discussed in this release have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States or to US persons without registration or pursuant to an applicable exemption from registration under that act.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail investors in EEA or the United Kingdom.
Marie de ScorbiacHead of Investor Relationsir@adevinta.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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