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Ansaldo Energia S.p.A. - Tender Offer - Launch

ANSALDO ENERGIA S.p.A. Tender Offer in respect of €350,000,000 2.750 per cent. Notes due 31 May 2024

21 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Luxse (Source: Ansaldo Energia S.p.A.)


"Genoa, 21 June 2023. Ansaldo Energia S.p.A. (the “Company”) hereby announces an invitation to the holders (“Noteholders”) of the outstanding €350,000,000 2.750 per cent. Notes due 31 May 2024 (ISIN: XS1624210933) issued by the Company (the “Notes”) to tender the Notes for purchase by the Company for cash up to the Maximum Acceptance Amount (as defined below) (the “Offer”) on the terms and the other conditions set out in the tender offer memorandum dated 21 June 2023 (the “Tender Offer Memorandum”) prepared in connection with the Offer, and subject to the offer and distribution restrictions set out below. Capitalized terms used herein but not defined have the meanings given to them in the Tender Offer Memorandum."


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"Rationale and Background for the Offer


The Offer falls within a complex financial plan aimed at supporting the new 2023-2027 business plan approved by the Board of Directors of the Company on 30 March 2023, which includes the Financial Manoeuvre and the Share Capital Increase, as better described in the Tender Offer Memorandum, it being understood that in any case the successful completion of the Share Capital Increase is not a condition precedent to the launch and completion of the Offer.


The Offer is being made as part of the Company's pro-active management of its outstanding debt profile and to provide liquidity to current Noteholders. All Notes purchased by the Company pursuant to the Offer are expected to be cancelled. Notes which have not been validly submitted and/or accepted for purchase pursuant to the Offer will remain outstanding after the Settlement Date."


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