Orange - Tender Offer - Results

Orange announces the results of its tender offer on outstanding NC2024 hybrid notes

14 APRIL 2023

Full announcement including disclosures and disclaimers, available via Orange

"Orange announces today the results of the tender offer launched on 5 April 2023 (the “Tender Offer”) in relation to its €1,000,000,000 Undated 10 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes with first call date on 7 February 2024 (ISIN XS1028599287) (the “Notes”). The aggregate principal amount of Notes validly tendered and accepted for purchase is €801,657,000. The aggregate nominal amount of Notes outstanding after settlement date, which is expected to be 18 April 2023, will be €198,343,000."

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Orange intends to issue a new series of Euro-denominated hybrid notes and to launch a tender offer on its outstanding hybrid notes

05 APRIL 2023

Full announcement including disclosures and disclaimers, available via globenewswire

Summary

- Orange S.A. intends to issue a new series of Euro-denominated hybrid notes.

- The company is also launching a tender offer to repurchase its €1 billion Undated 10 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes.

- The purpose of the Tender Offer and the planned issuance of New Notes is to proactively manage the Company’s hybrid portfolio.

- The Tender Offer provides qualifying holders with the opportunity to sell their Existing Notes ahead of the upcoming first call date and to apply for priority in the allocation of the New Notes.

- The aggregate size of the Company’s stock of hybrid notes is expected to remain unchanged.

- The Tender Offer will expire at 5:00 pm, Paris time, on 13 April 2023 and the results will be announced on 14 April 2023.