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Ethias SA - Tender Offer (Any and all) - Results - BE

Ethias SA Announces the Results of its Cash Tender Offer for its €402,700,000 5.00 per cent. Dated Subordinated Notes due 2026


03 MAY 2023


Full announcement including disclaimers and offer restrictions available via Luxse


"Results of the Offer


The Offeror hereby announces the results of the Offer.


The Expiration Deadline for the Offer was 5.00 p.m. (CEST) on 2 May 2023. As at the Expiration Deadline, €116,500,000 in aggregate principal amount of the Notes were validly tendered for purchase pursuant to the Offer.


The Offeror hereby announces that subject to the satisfaction or waiver of the New Issue Condition on or prior to the Settlement Date, it has decided to accept all Notes validly tendered pursuant to the Offer in full, with no pro rata scaling. Subject to the satisfaction or waiver of the New Issue Condition, the expected Settlement Date for the Offer is 9 May 2023. Following settlement of the Offer, €286,200,000 in aggregate principal amount of the Notes will remain outstanding.


The Offeror may, to the extent permitted by applicable law, acquire further Notes from time to time, including through open market purchases and privately negotiated transactions, tender offers, exchange offers or otherwise, upon such terms and at such prices as it may determine. "

 

AXA announces Cash Tender Offer for its outstanding £750,000,000 Fixed to Floating Rate Subordinated Notes due 2054


24 APRIL 2023


Full announcement including disclaimers and offer restrictions available via Luxse


24 April 2023. Ethias SA (the “Offeror”) announces today an invitation to holders of its outstanding €402,700,000 5.00 per cent. Dated Subordinated Notes due 2026 (ISIN: BE6279619330) (the “Notes”) to tender such Notes for purchase by the Offeror for cash (such invitation, the “Offer”).


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Summary of the Offer


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


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"Rationale for the Offer


The purpose of the Offer and planned issuance of the New Notes (as defined below) is to proactively manage the Offeror’s capital structure. The Offer also provides Holders with the opportunity to sell their current holdings in the Notes and apply for priority in the allocation of the New Notes.


As mentioned below in “New Issue Condition”, it is the intention of the Offeror to issue concurrently with the Offer a series of new euro-denominated callable fixed rate dated subordinated notes (the “New Notes”) for an aggregate amount of up to €250,000,000.


Holders should note that the Offeror is not obliged to allocate any New Notes to a Holder that has validly tendered or indicated a firm intention to tender its Notes for purchasepursuant to the Offer and, if any such New Notes are allocated, the principal amount thereof may be less or more than the principal amount of Notes tendered by such Holderand accepted for purchase by the Offerorpursuant to the Offer.

Notes purchased by the Offeror pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold."


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