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Avolta AG - Tender Offer 2024 (XS) - Launch

Avolta announces tender offer in respect of its €800,000,000 2.500% Senior Notes due 2024 (ISIN: XS1699848914) and proposed issue of new euro-denominated fixed rate notes

08 APRIL 2024

Full announcement including disclaimers and offer restrictions available via TISE

8 April 2024. Dufry One B.V., a wholly owned subsidiary of Avolta AG (the “Company”), announces today an invitation to eligible holders of its outstanding €800,000,000 2.500% Senior Notes due 2024 (ISIN: XS1699848914) (the “Notes”) to tender their Notes for purchase by the Company for cash up to the Maximum Acceptance Amount (as defined below), subject to satisfaction of the New Financing Condition (as defined below) (the “Offer”).


Summary of the Offer

Rationale for the Offer

The purpose of the Offer and the proposed issue of New Notes (as defined below) is to proactively manage the Company’s debt profile in an efficient manner. The Offer provides holders of the Notes with the opportunity to sell their current holdings in the Notes and, if they so wish, to subscribe to the issuance of the New Notes as more fully described in the Tender Offer Memorandum. Notes purchased by the Company pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold."



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