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CTP N.V. - Tender Offer (XS) - Final Results

CTP N.V. ANNOUNCES THE RESULTS OF THE TENDER OFFERS FOR ITS EUR 500,000,000 0.500 PER CENT. NOTES DUE 2025 EUR 650,000,000 2.125 PER CENT. NOTES DUE 2025 EUR 700,000,000 0.875 PER CENT. NOTES DUE 2026

05 FEBRUARY 2024


Full announcement including disclaimers and offer/distribution restrictions available via Euronext


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"The Expiration Deadline for the Offers was 4.00 p.m. (London time) on 2 February 2024.


In addition, on 5 February 2024, the Offeror completed the issuance of EUR 750,000,000 4.750 per cent. Notes due 2030 under its Euro Medium Term Note Programme. Accordingly, the New Issue Condition to the Offers has been satisfied.


Pursuant to the terms of the Tender Offer Memorandum, the Offeror has determined a Series Acceptance Amount of EUR 74,999,000 for the June 2025 Notes with a Proration Factor of 43.526 per cent., a Series Acceptance Amount of EUR 50,001,000 for the October 2025 Notes with a Proration Factor of 43.600 per cent. and a Series Acceptance Amount of EUR 125,000,000 for the January 2026 Notes with a Proration Factor of 66.468 per cent., and has therefore increased the Maximum Acceptance Amount from EUR 200,000,000 (as set out in the Tender Offer Memorandum) to EUR 250,000,000 (the “Maximum Acceptance Amount”). The Offeror will also pay the Accrued Interest Payment in respect of all Notes validly tendered and accepted for purchase by it pursuant to the relevant Offer.


The results of the Offers are set out in the table below:



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CTP N.V. ANNOUNCES THE INDICATIVE RESULTS OF THE TENDER OFFERS FOR ITS EUR 500,000,000 0.500 PER CENT. NOTES DUE 2025 EUR 650,000,000 2.125 PER CENT. NOTES DUE 2025 EUR 700,000,000 0.875 PER CENT. NOTES DUE 2026 - XS2356029541 - XS2238342484 - XS2434791690

05 FEBRUARY 2024


Full announcement including disclaimers and offer/distribution restrictions available via Euronext


CTP N.V. (the “Offeror”) today announces the indicative results of its invitations to the holders of its outstanding EUR 500,000,000 0.500 per cent. Notes due 2025 (ISIN: XS2356029541) (the “June 2025 Notes”), EUR 650,000,000 2.125 per cent. Notes due 2025 (ISIN: XS2238342484) (the “October 2025 Notes”) and EUR 700,000,000 0.875 per cent. Notes due 2026 (ISIN: XS2434791690) (the “January 2026 Notes”) (together, the “Notes”) to tender Notes for purchase by the Offeror for cash subject to the Maximum Acceptance Amount (as defined below) (together, the “Offers”).

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"The indicative results of the Offers are set out in the table below:



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CTP N.V. (the “Offeror”) has today launched invitations to the holders of the outstanding EUR 500,000,000 0.500 per cent. Notes due 2025 (ISIN: XS2356029541), EUR 650,000,000 2.125 per cent. Notes due 2025 (ISIN: XS2238342484) and the EUR 700,000,000 0.875 per cent. Notes due 2026 (ISIN: XS2434791690) (together, the “Notes”) issued by the Offeror (together, the “Offers”).

29 JANUARY 2024


Full announcement including disclaimers and offer/distribution restrictions available via Euronext


CTP N.V. (the “Offeror”) has today launched invitations to the holders of the outstanding EUR 500,000,000 0.500 per cent. Notes due 2025 (ISIN: XS2356029541), EUR 650,000,000 2.125 per cent. Notes due 2025 (ISIN: XS2238342484) and the EUR 700,000,000 0.875 per cent. Notes due 2026 (ISIN: XS2434791690) (together, the “Notes”) issued by the Offeror (together, the “Offers”). The Offers are being made on the terms and subject to the conditions contained in the tender offer memorandum dated 29 January 2024 (the “Tender Offer Memorandum”).

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.



Rationale for the Offers


The purpose of each Offer, in conjunction with the proposed issuance of New Notes (as defined below), is to proactively manage the Offeror’s overall debt redemptions and to extend the debt maturity profile of the Offeror (subject to satisfaction of the New Issue Condition)."


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