EPIF AND ITS SHAREHOLDERS RESTATE COMMITMENT TO INVESTMENT GRADE CREDIT RATING
10. 3. 2022
10 March 2022
EP Infrastructure, a.s. (“EPIF”) and its subsidiaries (the “EPIF Group”) keep monitoring the current situation on the market.
EPIF’s shareholders informed EPIF that, until the situation stabilises, they intend to exercise their voting rights in a way that will not lead to any dividend distributions from EPIF or to any acquisitions being undertaken by the EPIF Group. These measures are aimed at supporting the current investment grade credit ratings of EPIF and its subsidiaries SPP – distribúcia, a.s. (“SPPD”) and eustream, a.s. (“Eustream”), during the current uncertainty as to how the situation unfolds.
Although EPIF remains fully committed to maintaining the investment grade credit ratings of itself, SPPD and Eustream, its ability to do so is dependent on a number of factors, some of which are beyond its and its shareholders’ control. EPIF continues to monitor the situation and is prepared to update the investors if and when required.
EP Infrastructure, a.s., is an issuer of the following notes:
€500,000,000 1.816% Senior Notes due 2031, ISIN: XS2304675791
€500,000,000 2.045% Senior Notes due 2028, ISIN: XS2062490649
€600,000,000 1.698% Senior Notes due 2026, ISIN: XS2034622048
€750,000,000 1.659% Senior Notes due 2024, ISIN: XS1811024543
For further inquiries, please contact:
Vaclav Palecek
Investor Relations
EP Infrastructure, a.s.
Pařížská 130/26, 110 00 Praha 1
T: +420 232 005 200
F: +420 232 005 400
palecek@epinfrastructure.cz
About EP Infrastructure, a.s.
The EPIF Group is a leading European energy infrastructure utility primarily focused on regulated and long-term contracted activities. The EPIF Group owns and operates strategically important energy infrastructure assets across gas transmission, gas and power distribution, heat infra and gas storage.
Gas transmission: Eustream acts as the sole gas transmission system operator in the Slovak Republic. Eustream’s pipeline is a part of the Central Corridor, which is one of the largest and most important piped gas import routes into Europe.
Gas and power distribution: SPPD is a leader in the gas distribution market in the Slovak Republic and the second largest distributor and supplier of power in the Slovak Republic.
Heat infra: The EPIF Group is a significant operator of heat distribution systems in the Czech Republic.
Gas storage: The EPIF Group is a leader in gas storage capacity in the region of the Slovak Republic, Czech Republic and Austria.
Disclaimer
This communication contains certain forward-looking statements with respect to the financial condition, results of operations and business of the EPIF Group. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “targets”, “may”, “aims”, “likely”, “would”, “could”, “can have”, “will” or “should” or, in each case, their negative or other variations or comparable terminology. Forward-looking statements may and often do differ materially from actual results. The EPIF Group’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward- looking statements contained in this communication. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. As a result, undue influence should not be placed on any forward-looking statement.
A credit rating is not a recommendation to buy, sell or hold any securities and may be revised, suspended or withdrawn by the rating agency at any time.
This communication contains inside information as defined in article 7(1) of Regulation (EU) 596/2014 of 16 April 2014 (the Market Abuse Regulation).