Corio has announced the completion of a 600 million equity issue via a bookbuild offering. In total, the issue comprised 13,333,334 new ordinary shares at a price of 45.00 per share, representing a 3.2% discount to the closing price of Corio shares on Euronext Amsterdam on 24 March.
Application will be made to list the new shares on Euronext Amsterdam and Euronext Paris. The issue is expected to close on 31 March 2010 subject to customary closing conditions, at which date the new shares are expected to be issued and admitted to trading on Euronext Amsterdam and Euronext Paris. Corio intends to use net proceeds of the offering to finance the announced acquisition of part of Multi Corporation's portfolio in an amount of up to approximately 450 million, and the remaining net proceeds to finance in part existing and future pipeline projects and for general corporate purposes.
J.P. Morgan Securities Ltd. (J.P. Morgan) acted as the Sole Global Coordinator for the offering and, together with The Royal Bank of Scotland N.V. and Deutsche Bank A.G., as Joint Bookrunner for the Offering. BNP Paribas, ING Bank N.V. and Kempen & Co N.V. acted as Joint Lead Managers.