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

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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