iliad SA - Tender Offer 2024 (FR) - Launch

iliad SA launches a tender offer on its existing bonds maturing in October 2024 and April 2025 and intends to issue new Euro denominated senior unsecured bonds - FR0013287273 - FR0013331196

22 APRIL 2024

Full announcements, including disclaimers and restrictions available via iliad SA

Scroll below for information on previous deals related to this issuer.

iliad SA (the "Company") announces today the launch of a tender offer on its outstanding €650,000,000 1.500 per cent. Bonds due 14 October 2024 (of which €444,600,000 are currently outstanding) (ISIN: FR0013287273) and its €650,000,000 1.875 per cent. Bonds due 25 April 2025 (of which €650,000,000 are currently outstanding) (ISIN: FR0013331196), admitted to trading on the Luxembourg Stock Exchange (the "Existing Bonds") (the "Tender Offer") and its intention to issue new Euro denominated senior unsecured bonds (the "New Bonds"), subject to market conditions. The Tender Offer is subject to a maximum acceptance amount of €500,000,000 in principal amount subject to the Company’s right to increase or decrease such amount in its sole and absolute discretion.

A mechanism of priority allocation in the New Bonds may be applied at the sole and absolute discretion of the Company for holders of the Existing Bonds who participate in the Tender Offer and who wish to subscribe to the New Bonds.

The Tender Offer is being made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 22 April 2024. The Tender Offer is subject, among other conditions, to the settlement of the issuance of the New Bonds.

The purpose of the Tender Offer is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity".

...

---

---

iliad SA announces the results of its tender offer on existing bonds maturing in February 2024 and October 2024 - FR0014001YE4 - FR0013287273

14 DECEMBER 2023

Full announcements, including disclaimers and restrictions available via iliad SA

...

"Results of the Tender Offer, subject to the satisfaction or waiver of the Transaction Condition

The Company is pleased to announce hereby the results of the Tender Offer as follows:

a. Aggregate principal amount of Existing Bonds validly tendered: €570,500,000

b. Final aggregate principal amount of the Existing Bonds validly tendered and accepted for purchase: €570,500,000

c. Aggregate principal amount of Existing Bonds validly tendered for each Series:

- in respect of the February 2024 Bonds: €365,100,000

- in respect of the October 2024 Bonds: €205,400,000

d. Series Acceptance Amount:

- in respect of the February 2024 Bonds: €365,100,000

- in respect of the October 2024 Bonds: €205,400,000

e. Pro-ration Factor in respect of each Series:

- in respect of the February 2024 Bonds: N/A

- in respect of the October 2024 Bonds: N/A

f. Accrued Interest in respect of each Series:

- in respect of the February 2024 Bonds: €2,325,637.02

- in respect of the October 2024 Bonds: €547,172.01

g. Aggregate principal amount of Existing Bonds per Series that remains outstanding after the Settlement Date:

- in respect of the February 2024 Bonds: €234,900,000

- in respect of the October 2024 Bonds: €444,600,000

The acceptance for purchase by the Company of Existing Bonds validly tendered pursuant to the Tender Offer is subject, without limitation, to, and conditional upon, on or before the Settlement Date, the settlement of the New Bonds (the “Transaction Condition”). The Company is entitled to amend or waive the Transaction Condition at its sole and absolute discretion".

...

---

iliad SA announces Maximum Acceptance amount of its tender offer on existing bonds maturing in February 2024 and October 2024 - FR0014001YE4 - FR0013287273

07 DECEMBER 2023

Full announcements, including disclaimers and restrictions available via Luxse

ANNOUNCES THE MAXIMUM ACCEPTANCE AMOUNT IN RELATION TO A TENDER OFFER TO QUALIFYING HOLDERS OF ITS

€600,000,000 0.750 PER CENT. BONDS DUE 11 FEBRUARY 2024 (OF WHICH €600,000,000 ARE

CURRENTLY OUTSTANDING) (ISIN: FR0014001YE4) AND ADMITTED TO TRADING ON THE

LUXEMBOURG STOCK EXCHANGE (THE “FEBRUARY 2024 BONDS”)

AND/OR

€650,000,000 1.500 PER CENT. BONDS DUE 14 OCTOBER 2024 (OF WHICH €650,000,000 ARE

CURRENTLY OUTSTANDING) (ISIN: FR0013287273) AND ADMITTED TO TRADING ON THE

LUXEMBOURG STOCK EXCHANGE (THE “OCTOBER 2024 BONDS” AND, TOGETHER WITH

THE FEBRUARY 2024 BONDS, THE “EXISTING BONDS” AND EACH A “SERIES”)

...

"Following the pricing of the New Bonds on 6 December 2023, the Company announces today that the Maximum Acceptance Amount is set at €650,000,000.

The Company reserves the right to increase or decrease the Maximum Acceptance Amount, in its sole and absolute discretion and will determine, in its sole and absolute discretion, the final aggregate principal amount of Existing Bonds accepted for purchase. If the aggregate principal amount of the 2 Existing Bonds validly tendered in the Tender Offer is greater than the final aggregate principal amount of the Existing Bonds accepted for purchase, then the Company will determine the allocation of the final aggregate principal amount of the Existing Bonds accepted for purchase between each Series of Existing Bonds in its sole and absolute discretion. The Company reserves the right to accept more or less (or none) of any Series of the Existing Bonds (subject to pro-ration within any such Series, if applicable as described in the section “Terms of the Tender Offer — Pro-ration” of the Tender Offer Memorandum) as compared to the other Series of Existing Bonds.

The acceptance for purchase by the Company of Existing Bonds validly tendered pursuant to the Tender Offer is at the sole and absolute discretion of the Company and is subject, without limitation, to, and conditional upon, on or before the Settlement Date, the settlement of the New Bonds (the “Transaction Condition”). The Company is entitled to amend or waive the Transaction Condition at its sole and absolute discretion."

...

---

iliad SA launches a tender offer on its existing bonds maturing in February 2024 and October 2024 and intends to issue new Euro denominated senior unsecured bonds - FR0014001YE4 - FR0013287273

06 DECEMBER 2023

Full announcements, including disclaimers and restrictions available via iliad Group and Luxse

"ANNOUNCES THE LAUNCH OF A TENDER OFFER

TO THE QUALIFYING HOLDERS OF ITS OUTSTANDING

€600,000,000 0.750 PER CENT. BONDS DUE 11 FEBRUARY 2024 (OF WHICH €600,000,000 ARE CURRENTLY OUTSTANDING) (ISIN: FR0014001YE4) AND ADMITTED TO TRADING ON THE LUXEMBOURG STOCK EXCHANGE (THE “FEBRUARY 2024 BONDS”)

AND/OR

€650,000,000 1.500 PER CENT. BONDS DUE 14 OCTOBER 2024 (OF WHICH €650,000,000 ARE CURRENTLY OUTSTANDING) (ISIN: FR0013287273) AND ADMITTED TO TRADING ON THE LUXEMBOURG STOCK EXCHANGE (THE “OCTOBER 2024 BONDS” AND, TOGETHER WITH THE FEBRUARY 2024 BONDS, THE “EXISTING BONDS” AND EACH A “SERIES”)

TO TENDER THEIR EXISTING BONDS FOR PURCHASE BY THE COMPANY FOR CASH, UP TO THE MAXIMUM ACCEPTANCE AMOUNT (AS DEFINED HEREIN) SUBJECT TO THE RIGHT OF THE COMPANY, IN ITS SOLE AND ABSOLUTE DISCRETION, TO INCREASE OR DECREASE SUCH AMOUNT, AND SUBJECT, IN EACH CASE, TO THE RIGHT OF THE COMPANY NOT TO ACCEPT ANY EXISTING BONDS VALIDLY TENDERED PURSUANT TO THE TENDER OFFER, ALL ON THE TERMS AND SUBJECT TO THE CONDITIONS CONTAINED IN THE TENDER OFFER MEMORANDUM."

...

"The acceptance of any Existing Bonds of each Series validly tendered for purchase is at the sole and absolute discretion of the Company, and the Company reserves the absolute right not to accept any Existing Bonds of one or both Series validly offered pursuant to the Tender Offer.

Existing Bonds which have not been successfully tendered or not accepted for purchase by the Company pursuant to the Tender Offer will remain outstanding after the Settlement Date.

The Company has announced on the date hereof its intention, subject to market conditions, to issue eurodenominated senior unsecured bonds (the “New Bonds”).

It is intended that Existing Bonds purchased by the Company pursuant to the Tender Offer will be immediately cancelled by the Company and will not be re-issued or re-sold.

The Tender Offer is conditional upon the settlement of the New Bonds on or before the Settlement Date (the “Transaction Condition”). If such Transaction Condition is not satisfied or waived on or prior to the Settlement Date, the Company will announce the termination of the Tender Offer promptly and, in any event, on or prior to the Settlement Date."

...

"Rationale of the Tender Offer

The purpose of the Tender Offer is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity."

...