top of page

Tele2 AB (publ) - Tender Offer - Launch

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."

Tags:

1 view0 comments

Commentaires


bottom of page