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Grenke Finance PLC - Tender Offer - Launch

GRENKE FINANCE PLC ANNOUNCES THE TENDER OFFER - XS1956014531/XS2469031749

18 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Luxse


"Baden-Baden, 18 September 2023 – GRENKE FINANCE PLC (the "Company") hereby announces solicitations to Noteholders of its outstanding EUR 300,000,000 1.625 per cent. Notes due 2024 (ISIN: XS1956014531) (the "April 2023 Notes") and EUR 150,000,000 4.125 per cent. Notes due 2024 (ISIN: XS2469031749) (the "October 2024 Notes", and together with the April 2024 Notes, the "Notes"), to tender their Notes for repurchase by the Company for cash up to the Maximum Acceptance Amount (each such solicitation, an "Solicitation", and together, the "Solicitations").


The Solicitations are being made on the terms and subject to the conditions set out in the tender offer memorandum dated 18 September 2023 (the "Tender Offer Memorandum").


Capitalized terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum"


Rationale for the Solicitations


By tendering for the Notes, the Company intends to proactively manage its liability structure. The Solicitations seek to provide liquidity to current holders of the Notes which are subject of such Solicitations.


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