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Intrum AB (publ) - Tender Offer UMDA 2024 (XS) - Results

Updated: Mar 7

Intrum AB (publ) announces Results of Tender Offers via Unmodified Dutch Auction - XS2211136168 / XS2211137059 - XS2034925375 / XS2034928122 - XS2052216111 / XS2052216202 - XS2566291865 / XS2566292160
 

15 FEBRUARY 2024


Full announcement including disclaimers and offer/distribution restrictions available via Luxse


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"The Expiration Deadline for the Offers was 4.00 p.m. (London time) on 14 February 2024.


The Offeror today announces that it has decided to accept for purchase €68,795,000 in aggregate principal amount of the Notes validly tendered pursuant to the Offers. The Notes Purchase Consideration for the Notes validly tendered and accepted for purchase is €51,307,753.00. The final results of the Offers are as follows:



Holders who have tendered their Notes for purchase pursuant to the Offers are advised to check with any bank, securities broker, custodian, trust company, direct participant or other intermediary through which they hold their Notes to determine whether, and to what extent, their tendered Note(s) have been accepted for purchase by the Offeror.


The Notes that have been tendered but not accepted by the Offeror for purchase pursuant to the Offers shall be unblocked in the relevant Holder's account in the relevant Clearing System. The expected Settlement Date in respect of the Offers is 19 February 2024. Full details concerning the Offers are set out in the Tender Offer Memorandum.


The Offers have now expired and no further Notes can be tendered for purchase."


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Intrum AB (publ) announces Tender Offer via Unmodified Dutch Auction - XS2211136168 / XS2211137059 - XS2034925375 / XS2034928122 - XS2052216111 / XS2052216202 - XS2566291865 / XS2566292160
 

07 FEBRUARY 2024


Full announcement including disclaimers and offer/distribution restrictions available via Luxse



Intrum AB (publ) (the "Offeror") announces today its invitations to holders of the outstanding notes set out in the table below, to tender such notes (together, the "Notes" and each a "Series") for purchase by the Offeror for cash at prices to be determined pursuant to a separate unmodified Dutch auction in respect of each Series of Notes, in each case on the terms and subject to the conditions set out in the tender offer memorandum dated 7 February 2024 (the "Tender Offer Memorandum") prepared by the Offeror. The Offers are subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum.

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Summary of the Offers


A summary of certain terms of the Offers appears below:



Rationale for the Offers


The purpose of the Offers in respect of the Notes is, amongst other things, to proactively manage the Offeror's balance sheet. Notes repurchased by the Offeror pursuant to the Offers will be cancelled. Notes which have not been validly tendered and/or accepted for purchase by the Offeror pursuant to the Offers will remain outstanding after the Settlement Date."


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