top of page

DS Smith Plc - Tender Offer - Results

DS Smith Plc announces results of its tender offer in respect of its €750,000,000 1.375 per cent. Notes due 2024 (ISIN: XS1652512457)

27 JULY 2023


Full announcement including disclaimers and offer restrictions available via Luxse


...


"The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 26 July 2023. As at the Expiration Deadline, €297,576,000 in aggregate nominal amount of the Notes were validly tendered for purchase pursuant to the Offer.


The Offeror announces that it has decided to accept for purchase all Notes validly tendered pursuant to the Offer, at a cash purchase price equal to 97.25 per cent. of the nominal amount of the relevant Notes, together with an Accrued Interest Payment. All Notes accepted for purchase pursuant to the Offer will be cancelled.


A summary of the final results of the Offer appears below:"



...

 

DS Smith Plc announces tender offer in respect of its €750,000,000 1.375 per cent. Notes due 2024 (ISIN: XS1652512457)

18 JULY 2023


Full announcement including disclaimers and offer restrictions available via Luxse


18 July 2023. DS Smith Plc (the Offeror) announces today an invitation to holders of its outstanding €750,000,000 1.375 per cent. Notes due 2024 (ISIN: XS1652512457) (the Notes) to tender any and all of such Notes for purchase by the Offeror for cash (such invitation, the Offer), subject to the satisfaction (or waiver) of the New Issue Condition."

...


"Summary of the Offer


A summary of certain of the terms of the Offer appears below:"




...


"Rationale for the Offer


The Offer is being made in conjunction with an issue of New Notes to manage the Offeror’s debt maturity

profile in an efficient manner. The Offer will also provide liquidity to Holders and an opportunity to redeploy

funding into the Offeror's proposed New Notes.


The Offeror intends to cancel all Notes it purchases pursuant to the Offer."


...


Tags:

13 views0 comments

Comments


bottom of page