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Grenke Finance PLC - Tender Offer - Max Acceptance Amount

GRENKE FINANCE PLC announces the Maximum Acceptance Amount in respect of its Solicitations dated 18 September 2023 - XS1956014531/XS2469031749

22 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Luxse


"Baden-Baden, 22 September 2023 – GRENKE FINANCE PLC (the "Company") announces today, with reference to the Solicitations (as described in the tender offer memorandum dated 18 September 2023 (the "Tender Offer Memorandum")) in respect of its outstanding (i) EUR 300,000,000 1.625% Notes due April 2024 (ISIN XS1956014531) (the "1.625% 2024 Notes"), and (ii) EUR 150,000,000 4.125% Notes due October 2024 (ISIN XS2469031749) (the "4.125% 2024 Notes", and together with the 1.625% 2024 Notes, the "Notes" and each series of the Notes, a "Series") that, following the pricing of the New Notes to be issued by the Company, the Maximum Acceptance Amount in respect of the Solicitations is EUR 450,000,000."


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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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