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ÜLKER BİSKÜVİ SANAYİ A.Ş. - Tender Offer (MDA) - Launch

Updated: Jul 12, 2023


11 JULY 2023

Full announcement including disclaimers and offer restrictions available via Euronext

"Ülker Bisküvi Sanayi A.Ş. (the “Offeror”) has today launched an invitation to qualifying holders of the outstanding notes detailed in the table below issued by the Offeror (the “Notes”) to tender their Notes for purchase by the Offeror for cash (such invitation, the “Offer”) at a price to be determined pursuant to the Modified Dutch Auction Procedure, as further described below. Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum dated 11 July 2023 in relation to the Offer (the “Tender Offer Memorandum”)."


"Rationale for the Offer

The purpose of the Offer is to enable the Offeror to acquire certain of its outstanding Notes at their current market prices, which is reflective of the Offeror’s liquidity position and consistent with its ongoing liability management objectives. Any Notes purchased by the Offeror may, at the option of the Offeror, be held, reissued or resold or from time to time be surrendered to any paying agent or the registrar for cancellation."



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