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OHL Operaciones, S.A.U. - Partial Repurchase Offer - Results

OHL Operaciones, S.A.U. partial repurchase offer results for XS2356570239 and XS2356571120

17 FEBRUARY 2023

Full announcement available via CNMV

"In connection with the notice published on 18 January 2023 (with registry number 20,046), OHLA announces the following final results of the cash tender offer in respect of the EUR 487,266,804 Split Coupon Senior Secured Notes due 2026 issued by OHL Operaciones, S.A.U. (the “Notes”) (the “Asset Sale Offer”) up to a maximum aggregate principal amount of EUR 32,575,827.69 (the “Maximum Tender Amount”): i. it has received valid tender instructions in excess of the Maximum Tender Amount; ii. it has therefore accepted valid tenders received up to the Maximum Tender Amount, having applied a scaling factor of 8.9232085 per cent., adjusted as explained in the tender offer announcement dated 18 January 2023 (the “Tender Offer Announcement”). The final results are set out below:"


OHL Operaciones, S.A.U. launches a partial repurchase offer for XS2356570239 and XS2356571120

18 JANUARY 2023

Full announcement available via OHLA-GROUP

"OBRASCÓN HUARTE LAÍN, S.A. (OHLA or the Company), in compliance with the provisions of article 227 of the Securities Market Law, informs the National Securities Market Commission (CNMV) of the following


The Company announces that, in application of the terms agreed with its financial creditors within the framework of the process of recapitalization and renegotiation of its debt (the Restructuring), it will apply the funds received by its subsidiary Obrascón Huarte Laín Desarrollos, S.A.U. (OHLD), derived from the payment to the latter by 57 Whitehall Investments S.à.r.l., a subsidiary of the Hinduja Group, of the deferred purchase price for the sale of its 49% interest in the Old War Office project in accordance with the provisions of the Restructuring documents.

In this regard, and in application of the terms agreed in the Restructuring, the Company's subsidiary, OHL Operaciones, S.A.U., has launched a partial repurchase offer for a maximum principal amount of €32,575,827.69 (the Maximum Repurchase Amount, equivalent to a nominal amount of €31,990,922.00) plus accrued and unpaid interest (including PIK interest) addressed to the holders of its covered bonds denominated "EUR 487,266,804 Split Coupon Senior Secured Notes" listed on the unregulated market of the Vienna Stock Exchange ("Vienna MTF"), with ISIN codes XS2356570239 and XS2356571120 (the Bonds), for subsequent redemption (the Offer of Repurchase).

The terms and conditions of the Offer to Repurchase the Bonds are contained in the announcement of the launch of the offer (the Offer Document) prepared by the Company and available to bondholders, which may be obtained upon request from the Tender Agent, Kroll Issuer Services Limited.

Bondholders will be able to offer their Bonds for sale from today, January 18, 2023, until 17:00 p.m. (CET) on February 16, 2023. The Company will announce the results of the Repurchase Offer on February 17, 2023, although it may modify the dates in accordance with the provisions of the Offer Document.

In case of accepting the offers of sale received, the Company will pay to the holders of the Bonds a cash price equal to 100 percent of the principal value of the Bonds plus the amount of accrued and unpaid interest until (but excluding) the settlement date of the Offer to Repurchase. The settlement of the Repurchase Offer is scheduled to take place on February 20, 2023, although this date may be modified in accordance with the provisions of the Offer Document (the Settlement Date).

In the event that the result of the Repurchase Offer does not exhaust the Maximum Repurchase Amount, the remainder will be used for direct redemption on a pro rata basis among all Bond holders on the Settlement Date.

Madrid, January 18, 2023."


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