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Tele2 AB (publ) - Tender Offer - Indicative Results

ANNOUNCEMENT OF INDICATIVE RESULTS OF A TENDER OFFER


17 MAY 2023


Full announcement including disclaimers and offer restrictions available via luxse


"The Issuer hereby informs Noteholders of the non-binding indicative results of the Offer. Based on valid Tender Instructions received as at the Expiration Deadline (being 5.00 p.m. (CEST) on 16 May 2023), EUR 306,541,000 in aggregate principal amount of Notes had been validly tendered pursuant to the Offer.


The Issuer hereby gives a non-binding indication that it intends to accept in full all valid tenders of Notes in the Offer and therefore no Pro-ration Factor will be applicable. The Maximum Acceptance Amount (being EUR 300,000,000 in aggregate principal amount of Notes) is therefore raised to EUR 306,541,000.


Pricing is expected to take place at or around 1.00 p.m. (CEST) today (the “Pricing Time”) and the expected Tender Offer Settlement Date is 22 May 2023. As soon as reasonably practicable after the Pricing Time, the Issuer will announce whether it will accept for purchase Notes validly tendered in the Offer (subject only to the satisfaction or (if applicable) waiver of the relevant Transaction Conditions on or prior to the Tender Offer Settlement Date) and, if so, the aggregate principal amount of Notes so accepted for purchase and the final pricing details of the Offer.


Notes purchased by the Issuer pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes which have not been validly submitted and accepted for purchase pursuant to the Offer will remain outstanding.

The Offer has now expired and no further Notes can be tendered for purchase."

 

Announcement of Tender Offer


09 MAY 2023


Full announcement including disclaimers and offer restrictions available via luxse


"Tele2 AB (publ) (the “Issuer”) today announces the invitation to holders of the EUR 500,000,000 1.125 per cent. Fixed Rate Notes due 2024 (ISIN: XS1907150350) (the “Notes”) to tender their Notes for purchase by the Issuer for cash in an aggregate principal amount of up to the Maximum Acceptance Amount (as defined below) subject to the satisfaction or waiver of the New Financing Condition (as defined below) and the other terms and conditions described in the tender offer memorandum dated 9 May 2023 (the “Tender Offer Memorandum”) (such invitation, the “Offer”).


The Issuer also announced today its intention to issue new euro-denominated fixed rate notes (the “New Notes”) guaranteed by Tele2 Sverige AB, under its €5,000,000,000 Euro Medium Term Note Programme (the “Programme”), subject to market conditions. The purchase of any Notes by the Issuer pursuant to the Offer is conditional, without limitation, on the successful completion (in the sole determination of the Issuer) of the issue of the New Notes (or, in the sole determination of the Issuer, the waiver of such condition). The Offer is being made on the terms and subject to the conditions set out in the Tender Offer Memorandum and is subject to the “Offer and Distribution Restrictions” set out below.


Subject to applicable law, the Issuer reserves the right to extend, re-open, withdraw or terminate the Offer and to amend or waive any of the terms and conditions of the Offer, including, without limitation, any increase or decrease in the Maximum Acceptance Amount at any time after the announcement of the Offer as described further under “Amendment and Termination” in the Tender Offer Memorandum, including with respect to any Tender Instructions already submitted as of the time of any such extension, re-opening, withdrawal, termination, amendment or waiver.

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.


The table below sets forth certain information relating to the Notes:"




...


"Rationale for the Offer


The Offer is made as part of the Issuer’s ongoing prudent management of its liabilities to enable it to proactively manage its refinancing requirements and optimise debt maturities.

Notes purchased by the Issuer pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes which have not been validly submitted and accepted for purchase pursuant to the Offer will remain outstanding."

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