New Issue 5% Hili Finance Company p.l.c. €80,000,000 Unsecured 2029

Hili Finance Company p.l.c. (the “Issuer”) has announced the issuance of €80,000,000 5% Unsecured Bonds maturing in 2029, having a nominal value of €100 per bond issued and redeemable at par.

Please find the prospectus relating to the aforementioned bonds (the “Prospectus”).

Business Overview

Hili Finance Company p.l.c. (the “Issuer”) was established on 6 April 2018 as a wholly owned subsidiary of the Guarantor, save for one ordinary share which is held by APM Holdings Limited (C 30527). The principal object of the Issuer is to purchase or otherwise acquire, under any title whatsoever, to hold and manage, by any title, movable and immovable property or other assets, including, but not limited to, securities and other financial interests. The issue of bonds falls within the objects of the Issuer. The Issuer’s intended purpose is to raise finance for the business of the Group through the Guarantor. In this respect, the Issuer is mainly dependent on the business prospects of the Group. The Issuer operates exclusively in and from Malta.

The Guarantor was established in 2012 and principally acts as the investment holding company of the Group, to which it provides management and consultancy services.

More specifically, the Guarantor is the holding company of a diversified group with a deep-rooted entrepreneurial heritage dating back to 1923. Through its various Subsidiaries, the Group is engaged in food service & retail, real estate & hospitality, shipping, oil and gas & engineering, and technology. From its headquarters in Malta, the Guarantor, through its Subsidiaries, extends its presence to 10 countries across Europe and North Africa with a team of over 11,500 people and steers the Group towards continued growth in selected sectors and markets.

Use of Proceeds

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €78,700,000 will be on-lent by the Issuer to the Guarantor pursuant to a loan agreement between the Issuer and the Guarantor and shall be utilised for the following purposes, in the amounts and order of priority set out below:

i. an amount of up to €36,000,000 shall be made available limitedly for exchange and cancellation of the 1923 Bonds pursuant to 1923 Bondholders opting to apply for Exchangeable Bond Transfers subject to Cash Top-Ups in terms of section 8(ii) of this Securities Note;

ii. in the event that there is a balance of proceeds not utilised for (i) above and depending on the amount of said balance, an amount of up to €56,000,000 shall be applied to re-finance, in part, capital investments made by the Group prior to the date of the Prospectus in Cortland and Tigne’ Mall, which capital investments were funded, in large part, from

bank financing at Group level. Details of the investments made in Cortland and Tigne’ Mall are set out in further detail in section 8 of the Registration Document; and

iii. any residual bond proceeds not utilised for (i) and/or (ii) above will be used for general corporate funding purposes.

How to Apply: 

Online

Our Moneybase clients who wish to apply online, kindly fund your account so as to be able to raise the order easily. Moneybase is available as an app on both Android and IOS app stores and on the web.

• 5% Hili Finance Company Plc 2029 – Exchange if you are an Existing 1923 Bondholder and wish to exchange your Existing bonds for New bonds;
• 5% Hili Finance Company Plc 2029 – Top Up if you are an Existing 1923 Bondholder and wish to Top Up with more New Bonds after having exchanged all of your Existing Bonds;
• 5% Hili Finance Company Plc 2029 – Preferred if you are a Preferred Applicant and wish to subscribe for New Bonds;
• 5% Hili Finance Company Plc 2029 – General if you are a General Applicant and wish to subscribe for New Bonds.

The minimum application amount is €3,000 and in multiples of €100 thereafter.

Non-nominee applications will be subject to a €25 fee.

Advisory

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us by replying to this email, contacting us on +356 25 688 688 or via live chat on www.cc.com.mt 

If you need assistance our ISO-certified customer care team is available to assist 7 days a week.