Edf: Electricité de France Announces the Final Results of its Tender Offer as of the Expiration Date
07 Julio 2023 - 12:40AM
Edf: Electricité de France Announces the Final Results of its
Tender Offer as of the Expiration Date
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
THIS ANNOUNCEMENT IS FOR INFORMATION
ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF OFFERS TO
SELL ANY SECURITIES. THE TENDER OFFER IS BEING
MADE ONLY PURSUANT TO THE OFFER
TO PURCHASE AND ONLY IN SUCH
JURISDICTIONS AS IS PERMITTED UNDER
APPLICABLE LAW.
Paris, July 7,
2023
Electricité de France
Announces the Final Results of its Tender Offer as of the
Expiration Date
Electricité de France (the
“Company”) hereby announces the final results of
its offer to purchase for cash any and all (the
“Offer”) of its $1,500,000,000 Reset Perpetual
Subordinated Notes (the “Notes”), which are
admitted to trading on the regulated market of the Luxembourg Stock
Exchange, as of 5:00 p.m., New York City time, on July 6, 2023 (the
“Expiration Date”).
The terms and conditions of the Offer are
described in the Offer to Purchase dated June 6, 2023 (the
“Offer to Purchase”), the date of the commencement
of the Offer. Capitalized terms used in this announcement but not
defined herein have the meanings given to them in the Offer to
Purchase.
Early Participation Results
As announced by the Company on June 21, 2023,
$901,449,000 of the aggregate principal amount of the Notes was
validly tendered at or prior to 5:00 p.m., New York City time, on
June 20, 2023 (the “Early Participation Date”) and
was accepted for purchase by the Company. The settlement for the
Notes validly tendered and not validly withdrawn at or prior to the
Early Participation Date took place on June 22, 2023.
Expiration of the Offer
The Offer expired at 5:00 p.m., New York City
time, on July 6, 2023. According to information provided by the
Information Agent and Tender Agent, $2,910,000 of the aggregate
principal amount of the Notes was validly tendered after the Early
Participation Date and at or prior to the Expiration Date.
All Notes validly tendered after the Early
Participation Date and at or prior to the Expiration Date have been
accepted for purchase. No Notes tendered after the Expiration Date
will be accepted pursuant to the Offer.
Holders whose Notes were validly tendered
pursuant to the Offer after the Early Participation Date and at or
prior to the Expiration Date and accepted for purchase by the
Company will receive $945.00 per $1,000 of principal amount of
Notes (the “Purchase Price”).
In addition to the Purchase Price, Holders whose
Notes were validly tendered pursuant to the Offer after the Early
Participation Date and at or prior to the Expiration Date and
accepted for purchase by the Company will also receive accrued and
unpaid interest (including any outstanding arrears of interest
and/or any additional interest amount) from (and including) the
immediately preceding interest payment date for the Notes to (but
excluding) the Final Settlement Date (as defined below).
The settlement date for the Notes validly
tendered after the Early Participation Date and at or prior to the
Expiration Date is expected to be July 10, 2023 (the “Final
Settlement Date”). Following the Final Settlement Date,
$595,641,000 aggregate principal amount of the Notes will remain
outstanding.
This announcement does not contain the full
terms and conditions of the Offer, which are contained in the Offer
to Purchase prepared by the Company.
Further Information
Any questions about the Offer may be directed to
the Dealer Managers for the Offer:
Dealer Managers
for the
Offer |
BNP Paribas16 boulevard des
Italiens75009 ParisFranceAttention: Liability Management
GroupEurope: +33 1 55 77 78 94U.S.: +1 (212) 841-3059 U.S. Toll
Free: +1 (888) 210-4358Email:
liability.management@bnpparibas.com |
BofA Securities Europe SA51 Rue
La Boétie75008 Paris FranceAttention: Liability Management
GroupEurope: +33 1 877 01057 U.S. Toll Free: +1 (888) 292-0070U.S.:
+1 (980) 387-3907 Email: DG.LM-EMEA@bofa.com |
|
|
Deutsche Bank Securities Inc.1 Columbus CircleNew
York, NY 10019United States of AmericaAttention: Liability
Management GroupCollect: (212) 250-2955Toll-Free: (866)
627-0391 |
Any requests for additional copies of the Offer
to Purchase or related documents, which may be obtained free of
charge, may be directed to the Information Agent and the Tender
Agent for the Offer:
Information Agent
and the Tender
Agent for the
Offer |
Kroll Issuer Services LimitedThe Shard32 London
Bridge StreetLondon SE1 9SGUnited KingdomU.S. Toll Free Number: +1
(800) 693-0284Tel: +44 20 7704 0880Attention: Owen MorrisEmail:
edf@is.kroll.com Website: https://deals.is.kroll.com/edf |
Forward-Looking Statements
The Company considers portions of this
announcement and the Offer to Purchase to be forward-looking
statements. Forward-looking statements can be identified typically
by the use of forward-looking terminology such as “believes”,
“expects”, “may”, “will”, “could”, “should”, “intends”,
“estimates”, “plans”, “assumes”, “predicts” or “anticipates”, as
well as the negatives of such words and other words of similar
meaning in connection with discussions of future operating or
financial performance or of strategy that involve risks and
uncertainties. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions at the time made, these assumptions are
inherently uncertain and involve a number of risks and
uncertainties that are beyond the Company’s control; therefore, the
Company can give no assurance that such expectations will be
achieved. Future events and actual results, financial and
otherwise, may differ materially from the results discussed in the
forward-looking statements as a result of risks and uncertainties,
including, without limitation, possible changes in the timing and
consummation of the Offer.
You are cautioned not to place any undue
reliance on the forward-looking statements contained in this
announcement or the Offer to Purchase, which speak only as at their
respective dates. Neither the Company nor any of its affiliates
undertakes any obligation publicly to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise except as required by any applicable
laws and regulations.
- EDF Tender Offer - Final Results Announcement
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