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Alpha Services and Holdings S.A. - Tender Offer 2024 (XS) - Launch

ALPHA SERVICES AND HOLDINGS S.A. LAUNCHES CASH TENDER OFFER - XS2111230285

03 JUNE 2024


Full announcement including disclaimers and offer restrictions available via Luxse


Alpha Services and Holdings S.A. (the "Offeror") announces today that it is inviting holders of its outstanding €500,000,000 Dated Subordinated Fixed Rate Reset Tier 2 Notes due 20301 (ISIN: XS2111230285) (the "Notes") to tender their Notes for purchase by the Offeror for cash up to the Maximum Acceptance Amount (as defined below) subject to, among other things, the satisfaction (or waiver) of the New Issue Condition (such invitation, the "Offer").

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"Summary


A summary of certain key terms relevant to the Offer appears below:


Description of the Offer



Rationale


The purpose of the Offer is to proactively manage the refinancing of the Notes in conjunction with the issue of the New Notes (as defined below) for the purposes of the Offeror managing its capital position. The Offer also provides Holders with the opportunity to sell their Notes ahead of the Optional Redemption Date and to receive, at the sole and absolute discretion of the Offeror, priority in the allocation of the New Notes, subject to the issue of the New Notes and the selling restrictions contained in the Offering Circular (as defined below) relating to the New Notes. See "Allocation of the New Notes" below. Notes repurchased by the Offeror pursuant to the Offer will be cancelled following the Settlement Date and the obligations of the Offeror in respect of any such Notes shall be discharged."


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