PR Newswire: news distribution, targeting and monitoring
2014

Abengoa announces exercise of greenshoe option

Share with Twitter Share with LinkedIn

WASHINGTON, Oct. 22, 2013 /PRNewswire/ -- Abengoa (MCE: ABG.B/P SM / NASDAQ: ABGB) ("Abengoa"), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has announced today that the underwriters of the previously announced Offering of 250,000,000 Class B Shares (either in the form of shares or American Depositary Shares ("ADSs")) have exercised in full their over-allotment option to purchase an additional 37,500,000 Class B Shares from Abengoa.

Including the exercise of the over-allotment option, Abengoa's offering amounts to a total of 287,500,000 Class B shares, either in the form of Class B shares or ADSs, which represents a total capital increase of 517,500,000 euros.

The majority of the net proceeds from the Offering will be used to repay corporate debt maturities due in 2013 and 2014, further accelerating Abengoa's objective to strengthen its balance sheet, and enhance its credit rating profile. Moreover the company has communicated its plan to become corporate free cash flow positive by 2014 and does not face significant corporate refinancing needs until 2015.

About Abengoa

Abengoa applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)

Communication Department:

Patricia Malo de Molina Melendez.

Tel: +34 954 93 71 11

E-mail: communication@abengoa.com




Investor Relations Department:

Barbara Zubiria Furest.

Tel: +34 954 937 111

E-mail: ir@abengoa.com

SOURCE Abengoa



RELATED LINKS
http://www.abengoa.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release