Airtel Africa PLC Settlement of Cash Tender Offer (7701R)
08 Julio 2022 - 1:00AM
UK Regulatory
TIDMAAF
RNS Number : 7701R
Airtel Africa PLC
08 July 2022
Airtel Africa plc
('Airtel Africa', or the 'Group')
Settlement of Cash Tender Offer in respect of Outstanding Senior
Notes
London and Lagos, 8 July 2022: Further to our announcement of 22
June 2022, Airtel Africa, a leading provider of telecommunications
and mobile money services, with a presence in 14 countries across
Africa, today confirms the settlement of the previously announced
cash tender offer to redeem up to $450m of the $1 billion of 5.35%
Guaranteed Senior Notes due 2024 ('Notes') by its subsidiary,
Bharti Airtel International (Netherlands) B.V., ('BAIN').
An aggregate principal amount of $450m of Notes have been
accepted for purchase for a total of $462.6m. All Notes accepted
for purchase have been cancelled ahead of their maturity in May
2024. The original cap on the redemption of $300m, as mentioned in
the release of 22 June, was increased on 6 July 2022 as BAIN, in
its sole discretion, decided to achieve a larger debt reduction
through the use of cash resources.
This early redemption has been made out of the Group's cash
reserves and is in line with our strategy of reduction of external
foreign currency debt at Group level.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Morten Singleton +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Emily Dillon
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
www.airtel.africa
No offer or invitation to acquire or exchange any Notes is being
made pursuant to this announcement. This announcement and any
related documents do not constitute an offer to buy or the
solicitation of an offer to sell securities in any circumstances or
jurisdictions in which such offer or solicitation is unlawful.
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END
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