TÜRK TELEKOMÜNİKASYON A.Ş. - Tender Offer 2024 (XS/US) - Early Results

TÜRK TELEKOMÜNİKASYON A.Ş. ANNOUNCES EARLY PARTICIPATION RESULTS OF TENDER OFFER - XS1955059420 - US90011QAC42

21 MAY 2024

Full announcement including disclaimers and offer restrictions available via Euronext

...

"The Company hereby announces that, as of 5:00 p.m. (New York City time) on 20 May 2024 (the “Early Tender Deadline”) the aggregate principal amount of Notes that had been validly tendered and not validly withdrawn pursuant to the Tender Offer (the “Early Tender Amount”) was as set out in the table below. Additionally, the Company hereby announces that (subject to the conditions to the Tender Offer being satisfied) it intends to accept for purchase, on the Early Payment Date, the Maximum Amount of Notes validly tendered pursuant to the Tender Offer tendered at or prior to the Early Tender Deadline, subject to the Pro-Rating Factor set out in the table below.

...

---

TÜRK TELEKOMÜNİKASYON A.Ş. ANNOUNCES INVITATION TO PURCHASE NOTES FOR CASH - XS1955059420 - US90011QAC42

07 MAY 2024

Full announcement including disclaimers and offer restrictions available via Euronext

7 May 2024 — Türk Telekomünikasyon A.Ş. (the “Company”) has today launched an invitation to the holders (“Noteholders”) of its outstanding U.S.$500,000,000 6.875% Notes due 2025 (the “Notes”) to tender for purchase for cash their outstanding Notes, such that the total aggregate principal amount of Notes validly tendered and accepted for purchase by the Company pursuant to the Tender Offer is no greater than the Maximum Acceptance Amount (as the same may be increased or decreased at the Company’s sole discretion, subject to applicable law). The Tender Offer is subject to the offer and distribution restrictions set out below and is being made upon the terms and subject to the conditions, including, without limitation, the Financing Condition (as defined below), set forth in the tender offer memorandum dated 7 May 2024 (as it may be amended or supplemented from time to time, the “Tender Offer Memorandum”). The invitation to tender the Notes for purchase is referred to herein as the “Tender Offer”. Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum. Copies of the Tender Offer Memorandum are available, subject to the offer and distribution restrictions, on the Tender Offer Website: https://debtxportal.issuerservices.citigroup.com/.

Purpose of the Tender Offer

The purpose of the Tender Offer is to (i) proactively manage and lengthen the Group’s debt maturity profile by refinancing a portion of the Notes with the longer dated New Notes and (ii) provide investors with an opportunity to lengthen maturity dates of the Company’s debt held by them. The Company intends to deliver all Notes acquired pursuant to the Tender Offer to the Registrar for prompt cancellation."

...