LONDON - J.P. Morgan SE has announced that it has not undertaken any stabilization measures for the securities offered by Flos B&B Italia S.p.A. The notice, dated today, follows a pre-stabilization period announcement made on Sunday, indicating that the securities in question are EUR 550 million in aggregate nominal amount, described as EUR 5-year-Non-Call-1-year FRN Senior Secured Notes, listed on the Luxembourg Stock Exchange.
The securities were offered at 100% of their nominal value, with J.P. Morgan SE acting as the Stabilization Coordinator and BOFA serving as the Stabilization Manager. Stabilization is a measure used by underwriters to support the price of a security after its initial offering in the market, typically to prevent or mitigate price declines that could reflect negatively on the issuer or the underwriters.
The announcement clarifies that no such actions were deemed necessary by the Stabilization Manager(s) for the Flos B&B Italia S.p.A. securities. The absence of stabilization activities suggests that the market has received the new securities without the need for underwriter intervention to support their price.
This information, which is based on a press release statement, is intended for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The details provided are factual and do not imply any endorsement of the securities or predict their future performance.
The securities in question are not being distributed in the United States or to any U.S. persons, adhering to the regulatory norms that govern such financial activities. The news service of the London Stock Exchange (LON:LSEG), RNS, which is authorized by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280), provided this announcement. Terms and conditions regarding the use and distribution of this information may apply.
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