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Elisa Corporation - Tender Offer - Results

Elisa Corporation announces Results of its Tender Offer for its €300,000,000 0.875 per cent. Notes due 2024

26 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Luxse


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"The Expiration Deadline for the Offer was 5.00 p.m. (CEST) on 25 September 2023. As at the Expiration Deadline, the Offeror had received valid tenders of €51,969,000 in aggregate nominal amount of the Notes for purchase pursuant to the Offer.


The Offeror announces that (subject to satisfaction or waiver of the New Issue Condition on or prior to the Tender Offer Settlement Date) it has decided to set the Final Acceptance Amount at €51,969,000 in aggregate nominal amount of the Notes, and on the basis of such Final Acceptance Amount it will accept for purchase all Notes validly tendered pursuant to the Offer in full, with no pro rata scaling.


The Offeror will pay for Notes accepted for purchase pursuant to the Offer a Purchase Price equal to 98.750 per cent. of the nominal amount of such Notes. The Offeror will also pay an Accrued Interest Payment in respect of such Notes.


A summary of the results of the Offer appears below.



Subject to satisfaction or waiver of the New Issue Condition on or prior to such date, settlement of the purchase of the relevant Notes pursuant to the Offer is expected to take place on 27 September 2023, after which €248,031,000 in aggregate nominal amount of the Notes will remain outstanding. The Offeror intends to cancel all Notes it purchases pursuant to the Offer."


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Elisa Corporation announces Tender Offer for its €300,000,000 0.875 per cent. Notes due 2024

18 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Luxse


"18 September 2023. Elisa Corporation (the Offeror) today announces an invitation to holders of its €300,000,000 0.875 per cent. Notes due 2024 (ISIN: XS1578886258) (the Notes) to tender their Notes for purchase by the Offeror for cash (the Offer). The Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 18 September 2023 (the Tender Offer Memorandum), including (without limitation) the New Issue Condition (as defined below), and is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum."


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"Summary of the Offer


A summary of certain of the terms of the Offer is set out below:


Rationale for the Offer


The purpose of the Offer is to proactively manage upcoming debt redemptions and to extend the average debt maturity profile for the Offeror. The Offeror intends to cancel all Notes it purchases pursuant to the Offer."


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