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B&M European Value Retail S.A. - Tender Offer - Final Results

B&M Announces Final Results of Tender Offer of its 3.625% Senior Secured Notes due 2025 - XS2199627030


21 NOVEMBER 2023


Full announcements, including disclaimers and restrictions available via Source: Luxse 


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"The final results of the Tender Offer are as follows:





The Offeror announced on 13 November 2023 its intention to offer new sterling denominated senior secured notes due 2030 (the “New Notes”) in aggregate principal amount of £250 million. Consummation of the Tender Offer remains subject to the satisfaction of certain conditions, including, without limitation, the successful completion (in the sole determination of the Offeror) of the issue of the New Notes (the “New Financing Condition”) and the conditions set out herein (each as more fully described in the tender offer memorandum dated 13 November 2023 (the “Tender Offer Memorandum”). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum. There can be no assurance that the Offeror will be able to satisfy the New Financing Condition. Subject to applicable law, the Offeror reserves the right, in its sole and absolute discretion, to waive any and all conditions to the Tender Offer.


The Offeror has determined that the Maximum Acceptance Amount in the Tender Offer is £250 million and that (subject to satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date) it will accept for purchase £244,480,000 in principal amount of Existing Notes validly tendered in the Tender Offer. As the Maximum Acceptance Amount is greater than the amount of Existing Notes validly tendered in the Tender Offer and the amount of Existing Notes receiving Priority of Acceptance, the Offeror has also accepted all of the Tender Only Instructions received from Noteholders and no scaling shall be applied to any of the Existing Notes accepted for purchase in the Tender Offer."


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B & M Announces Indicative Maximum Acceptance Amount in Connection with its Tender Offer to Noteholders of its 3.625% Senior Secured Notes due 2025 - XS2199627030


15 NOVEMBER 2023


Full announcements, including disclaimers and restrictions available via Source: Luxse 


"B&M European Value Retail S.A. (the “Offeror”) (BME:LN) announces today, further to its announcement on 13 November 2023 in connection with its cash offer to holders of its existing £400 million 3.625% Senior Secured Notes due 2025 (the “Existing Notes”) to tender their Existing Notes for purchase by the Offeror (the “Tender Offer”), that the Maximum Acceptance Amount is currently expected to be £250 million in aggregate principal amount (excluding, for the avoidance of doubt, accrued and unpaid interest, which shall be paid in accordance with the terms and conditions set out in the tender offer memorandum dated 13 November 2023 (the “Tender Offer Memorandum”)). Consummation of the Tender Offer remains subject to the satisfaction of the New Financing Condition (as defined in the Tender Offer Memorandum) and other terms and conditions set out in the Tender Offer Memorandum. The Offeror reserves the right, in its sole and absolute discretion, to waive any and all conditions to the Tender Offer.


Noteholders are advised to carefully read the Tender Offer Memorandum for full details of and information on the conditions of and procedures for participating in the Tender Offer.


The Maximum Acceptance Amount set out in this announcement is indicative and the Offeror reserves the right, in its sole discretion, to allocate an amount for the purchase of the Existing Notes that is higher or lower than this amount."


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B&M European Value Retail S.A - B&M Offers to Purchase for Cash the Outstanding 3.625% Senior Secured Notes due 2025 - XS2199627030


13 NOVEMBER 2023


Full announcements, including disclaimers and restrictions available via Source: Luxse


"B&M European Value Retail S.A. (the “Offeror”) (BME:LN) announces today that it has commenced a cash offer to holders of its existing £400 million 3.625% Senior Secured Notes due 2025 (the “Existing Notes”) to tender their Existing Notes for purchase by the Offeror up to a Maximum Acceptance Amount (as described in the table below) (the “Tender Offer”), subject to the satisfaction of the New Financing Condition (as defined below) and other terms and conditions set out in the tender offer memorandum, dated 13 November 2023 (the “Tender Offer Memorandum”).



Consummation of the Tender Offer is subject to the satisfaction of certain conditions, including, without limitation, the New Financing Condition and the conditions set out herein (each as more fully described in the Tender Offer Memorandum). Subject to applicable law, the Offeror reserves the right, in its sole and absolute discretion, to waive any and all conditions to the Tender Offer. "


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