Netia sets terms of its international equity and debt offerings
WARSAW, Poland - June 2, 2000 - Netia Holdings SA (Nasdaq: NTIA), Poland's largest alternative telecommunications services provider, has announced the pricing of its international offering of 1,125,000 American Depositary Shares at $25.00 per ADS through a syndicate led by Donaldson, Lufkin & Jenrette and its Polish offering of 1,125,000 ordinary shares priced at PLN 110.00 per share (with a 30% discount on 50,000 shares sold to employees). Total equity proceeds raised, including 2,250,000 new shares purchased by Telia A.B., were over $110,000,000.
Netia Holdings S.A. also announced the pricing of Euro 200,000,000 of 13 3/4 % Senior Notes due 2010 of Netia Holdings II B.V., guaranteed by Netia Holdings S.A. and offered through a syndicate led by Donaldson, Lufkin & Jenrette and Chase Manhattan International Limited. Due to high interest in the offering of Senior Notes, Netia Holdings S.A. increased the aggregate amount of the Notes being offered from Euro 150,000,000 as previously contemplated.
The Senior Notes have been assigned a "B+" rating by Standard & Poor's, Fitch IBCA and Duff & Phelps Credit Rating Service, and a "B2" rating by Moody's Investor Service.