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Iceland Bondco Plc - Tender Offer - Final Results

Iceland Bondco plc Announces Final Results of Tender Offer for its 4.625% Senior Secured Notes due 2025


01 AUGUST 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Deeside, Wales — 1 August 2023. Iceland Bondco plc (the “Offeror”) announces today the final results of its offer to holders (“Noteholders”) of its outstanding 4.625% Senior Secured Notes due 2025 (ISIN: XS1681806326) (the “Existing Notes”) to tender their Existing Notes for purchase by the Offeror for cash (the “Tender Offer”), which was initially announced on 24 July 2023. On 27 July 2023, the Offeror announced that it will accept for purchase Existing Notes that were validly tendered and not validly withdrawn pursuant to the Tender Offer up to an indicative Maximum Acceptance Amount of £500,000,000. The Offeror today announces that £495,472,000 principal amount of Existing Notes have been validly tendered in the Tender Offer. The Expiration Time for the Tender Offer was 4:00 p.m. London time on 31 July 2023.


The final results of the Tender Offer are as follows:"



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Iceland Prices New Bond Offering


27 JULY 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Iceland Bondco plc announces that is has priced an offering of £475 million (equivalent) of sterling denominated Senior Secured Fixed Rate Notes due December 2027 and euro denominated Senior Secured Floating Rate Notes due December 2027 (the “Offering”). The proceeds of the Offering will be used, together with cash on hand, to repay £500 million principal amount of Iceland's existing 45/8% Senior Secured Notes due 2025 (the “Existing Notes”) pursuant to a tender offer for Existing Notes the Issuer is conducting in connection with the Offering (and a redemption of Existing Notes to the extent that tenders in the Tender Offer are less than £500 million)."


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Iceland Bondco plc Announces Indicative Maximum Acceptance Amount in Connection with its Tender Offer to Noteholders of its Issued and Outstanding 4.625%Senior Secured Notes due 2025


27 JULY 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Deeside, Wales — 27 July 2023. Iceland Bondco plc (the “Offeror”) announced today, further to its announcement on 24 July 2023 in connection with its offer to holders (“Noteholders”) of its issued and outstanding 4.625% Senior Secured Notes due 2025 (ISIN: XS1681806326) (the “Existing Notes”) to tender their ExistingNotes for purchase by the Offeror for cash (the “TenderOffer”), that the Maximum Acceptance Amount is currently expected to be £500,000,000. Consummation of the Tender Offer remains subject to the satisfaction of the New Financing Condition and other terms and conditions set out in the tender offer memorandum dated 24 July 2023 (the “Tender Offer Memorandum”). The Offeror reserves the right, in its sole discretion, to waive any and all conditions to the Tender Offer."


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Iceland Bondco plc offers to purchase for cash the outstanding 4.625% Senior Secured Notes due 2025


24 JULY 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Deeside, Wales — 24 July 2023. Iceland Bondco plc (the “Offeror”) announced today that it has commenced an offer to holders (“Noteholders”) of its issued and outstanding 4.625% Senior Secured Notes due 2025 (ISIN: XS1681806326) (the “Existing Notes”) to tender their Existing Notes for purchase by the Offeror for cash up to a Maximum Acceptance Amount (as described in the table below) (the “Tender Offer”), subject to the satisfaction of the New Financing Condition (as defined below) and other terms and conditions set out in the tender offer memorandum dated 24 July 2023 (the “Tender Offer Memorandum”)."



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***PREVIOUS OFFER BELOW***

 

06 APRIL 2023


Full announcement with full disclosures and disclaimers available via Luxse


"Pursuant to each of the Issuer’s consent solicitation statements, for the 2025 Notes and for the 2028 Notes, each dated March 29, 2023, the Issuer obtained the required consents necessary to approve the proposed amendments and proposed waivers which allow the Issuer to (i) defer (x) the publication and furnishing by Iceland VLNCo Limited (the “Company”) to the Trustees of each of the Notes of the Fiscal Year 2023 Audited Financial Statements to no later than September 30, 2023 and (y) delivery by the Company and the Issuer to the Trustees of each of the Notes of a compliance certificate required to be delivered no later than September 30, 2023 and (ii) waive any defaults or events of default under the indentures for each of the Notes arising as a result of not furnishing to the Trustees the Fiscal Year 2023 Audited Financial Statements or the compliance certificates within 120 days after the end of the fiscal year ended March 31, 2023, provided that such statements or certificates are delivered, for each of the Notes, no later than September 30, 2023."

 

Iceland Bondco plc Announces Consent Solicitation Relating to its

4.625% Senior Secured Notes due 2025

Regulation S Notes: Common Code 168180632, ISIN XS1681806326 Rule 144A Notes: Common Code 168181078, ISIN XS1681810781

(the “2025 Notes”)

4.375% Senior Secured Notes due 2028

Regulation S Notes: Common Code 230419833, ISIN XS2304198331 Rule 144A Notes: Common Code 230422354, ISIN XS2304223543

(the “2028 Notes” and, together with the 2025 Notes, the “Notes”)


29 MARCH 2023


Full announcement with full disclosures and disclaimers available via Luxse


"March 29, 2023 — Iceland Bondco plc (the “Issuer”) announced today that it has launched a solicitation (the “Solicitation”) for consents (with respect to each applicable series of Notes, the “Consents”) from holders of the Notes (with respect to each applicable series of Notes, the “Holders”) to approve certain amendments and waivers to the Indenture dated September 14, 2017 relating to the 2025 Notes, and the Indenture dated February 22, 2021 relating to the 2028 Notes (each, an “Indenture” and together, as amended, supplemented or otherwise modified from time to time, the “Indentures”) to (i) defer (x) the publication and furnishing by the Iceland VLNCo Limited (the “Company”) to the Trustees (as defined below) of audited consolidated financial statements for the fiscal year ended March 31, 2023 (which shall be the financials of WD FF Limited) (the “Fiscal Year 2023 Audited Financial Statements”) and (y) delivery by the Company and the Issuer to each Trustee of a compliance certificate which, pursuant to Sections 4.03(a)(i) and 4.04(a) of the Indentures, respectively, are required to be delivered within 120 days after the end of such fiscal year (the “Fiscal Year 2023 Audited Financial Statements Deferral Amendments” and the “Compliance Certificate Deferral Amendments,” respectively), (ii) waive any Defaults or Events of Default under the Indentures arising as a result of not furnishing to the Trustees the Fiscal Year 2023 Audited Financial Statements or the compliance certificates within 120 days after the end of the fiscal year ended March 31, 2023 (provided that the Fiscal Year 2023 Audited Financial Statements are furnished to the Trustees and the compliance certificates are delivered to the Trustees no later than September 30, 2023) (the “Proposed Waivers”) and (iii) make any ancillary amendments to the Indentures required to effect the Fiscal Year 2023 Audited Financial Statements Deferral Amendments, the Compliance Certificate Deferral Amendments and the Proposed Waivers (the foregoing clause (i) and this clause (iii), collectively, the “Proposed Amendments”)."

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