UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: January 24, 2005
FAGE DAIRY INDUSTRY S.A.
(Translation of Registrant’s name into English)
35, Hermou Street, 144 52 Metamorfossi, Athens, Greece
(Address of principal executive office)
[Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]
| Form 20-F ý | Form 40-F o |
[Indicate by check mark whether the Registrant by furnishing the information contained in the Form is also there by furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]
| Yes o | No ý |
FAGE DAIRY INDUSTRY S.A.
PRESS RELEASE: JANUARY 24, 2005
FAGE ANNOUNCES COMPLETION OF EUROBOND PLACEMENT
FAGE DAIRY INDUSTRY S.A. (“FAGE”) today announced that on January 21, 2005, it completed the placement of €130,000,000 aggregate principal amount of 7½% Senior Notes which will mature on January 15, 2015. The 7½% Senior Notes have been accepted for listing on the Irish Stock Exchange.
FAGE intends to use the net proceeds from the sale of the new 7½% Senior Notes: (a) to refinance all of its outstanding 9% senior notes due 2007 and a portion of its short term borrowings under various lines of credit; (b) to finance the development of its planned yogurt production facility in the United States; and (c) to acquire its United Kingdom distributor.
In connection with the completion of and issuance of the new 7½% Senior Notes, FAGE has given notice to redeem all of the approximately US$92.6 million in aggregate principal amount of FAGE’s outstanding 9% senior notes on February 22, 2005 (the “Redemption Date”). To discharge its obligations under the indenture in relation to such 9% senior notes, FAGE deposited with the trustee under such indenture the amount of approximately US$97.3 million, which amount will satisfy the payment in full of the semi-annual interest payment on the 9% senior notes due on February 1, 2005, and the aggregate principal amount of the 9% senior notes on the Redemption Date, together with the interest accruing from February 1, 2005 to the Redemption Date.
FAGE is the leading Greek dairy company in Greece and sells a wide range of branded dairy products, including yogurt and dairy desserts, milk and milk cream, and cheese. These products are sold under the FAGE, TOTAL and other trademarks.
The new 7½% Senior Notes have not been registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold except pursuant to an exemption from, or in transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the new 7½% Senior Notes offered were offered and sold only to “Qualified Institutional Buyers” (as defined in Rule 144A under the Securities Act) and pursuant to offers and sales occurring outside the United States within the meaning of Regulation S under the Securities Act. Prospective purchasers are hereby notified that the seller of the new 7½% Senior Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.
Stabilisation: FSMA/IPMA
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in Athens, Greece.
FAGE DAIRY INDUSTRY S.A.
Date: January 24, 2005 | By: | /s/ | Ioannis Filippou |
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| Chairman of the Board | ||
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Date: January 24, 2005 | By: | /s/ | Kyriakos Filippou |
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| Chief Executive Officer and Director | ||
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Date: January 24, 2005 | By: | /s/ | Christos Koloventzos |
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| Chief Financial Officer | ||
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