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Türkiye Şişe ve Cam Fabrikaları A.Ş. - Tender Offer 2024 (XS/US) - Final Results

Türkiye Şişe ve Cam Fabrikaları A.Ş. announces the final results of its Tender Offer as of the Expiration Date - US90016AAB61 - XS1961010987

21 MAY 2024


Full announcement including disclaimers and offer restrictions available via Euronext


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"The Tender Offer expired at the Expiration Date. No Notes tendered after the Expiration Date will be accepted for purchase.


On 7 May 2024, the Company announced that as of 5:00 p.m. New York City time on 3 May 2024 (the "Early Tender Deadline"), US$327,014,000 in aggregate principal amount of the Notes were validly tendered and that the Company will accept for purchase all such Notes validly tendered on or prior to the Early Tender Deadline without proration.


According to information provided by the Information and Tender Agent, for the period from the Early Tender Deadline to the Expiration Date, US$1,200,000 in aggregate principal amount of the Notes were validly tendered and not validly withdrawn.


As the total amount of Notes validly tendered pursuant to the Tender Offer is less than the Maximum Tender Amount, the Company will accept for purchase all such Notes validly tendered for the period from the Early Tender Deadline to the Expiration Date without proration.


Therefore, US$328,214,000 in aggregate principal amount of the Notes will be accepted for purchase pursuant to the Tender Offer."


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Türkiye Şişe ve Cam Fabrikaları A.Ş. announces the early results of its Tender Offer for its outstanding 6.95% notes due 2026 - US90016AAB61 - XS1961010987

07 MAY 2024


Full announcement including disclaimers and offer restrictions available via Euronext


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"Early Results


As of the Early Tender Deadline, US$327,014,000 in aggregate principal amount of the Notes were validly tendered and not validly withdrawn. The Company will accept for purchase all Notes validly tendered on or prior to the Early Tender Deadline without proration. Since the aggregate principal amount of Notes validly tendered and not withdrawn at or prior to the Early Tender Deadline was less than the Maximum Tender Amount, the Tender Offer will remain open until 5:00 p.m. New York City time on 20 May 2024 (the “Expiration Date”), subject to the terms and conditions of the Tender Offer, including the Maximum Tender Amount. Holders who validly tender their Notes after the Early Tender Deadline but on or prior to the Expiration Date will only be entitled to receive the Tender Consideration. All Notes accepted for purchase by the Company will be cancelled.


For further information on proration procedures, including the potential rejection of tenders due to the minimum denomination amount, please see “Terms of The Tender Offer - Priority of Acceptance and Proration” in the Offer to Purchase.


Early Settlement Date


The settlement date for the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline is expected to be 7 May 2024."


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Türkiye Şişe ve Cam Fabrikaları A.Ş. announces cash tender offer for up to US$400,000,000 of its 6.95% notes due 2026 - US90016AAB61 - XS1961010987

22 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Euronext


Türkiye Şişe ve Cam Fabrikaları A.Ş. (IST: SISE) (the "Company") hereby announces that it has commenced a cash tender offer (the "Tender Offer") for an aggregate principal amount of up to US$400,000,000 (subject to increase or decrease at the Company's discretion, the "Maximum Tender Amount") of its outstanding US$700,000,000 6.95% notes due 2026 (the "Notes"). The Company may decide to increase or decrease the purchase amount under this Tender Offer. The terms and conditions of the tender offer are described in an offer to purchase dated 22 April 2024 (the "Offer to Purchase"). Capitalized terms used in this announcement but not defined herein have the meanings given to them in the Offer to Purchase.

The following table sets forth certain information relating to pricing for the Tender Offer.



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"Rationale for the Tender Offer


The principal purpose of the Tender Offer is to proactively manage the existing indebtedness of the Company and increase its average maturity and at the same time, provide Holders with an opportunity to extend their exposure to the Company. Notes repurchased pursuant to the Tender Offer will be subsequently submitted for cancellation by the Company."


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