PR Orange: Orange announces the results of its tender offer on outstanding hybrid notes
05 April 2024 - 11:22PM
PR Orange: Orange announces the results of its tender offer on
outstanding hybrid notes
Press releaseParis, 5 April 2024
NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA
Orange announces the results of its tender offer on outstanding
hybrid notes
Orange S.A. announces today the results of a tender offer
launched on March 27, 2024 (the Tender Offer) to
repurchase part of two Series of outstanding undated non-call
deeply subordinated fixed to reset rate notes, as follows:
- In respect of its €1 billion
Undated 6 Year Non-Call Deeply Subordinated Fixed to Reset Rate
Notes with first reset date on 15 April 2025 and admitted to
trading on Euronext Paris (ISIN FR0013413887) (the NC 2025
Existing Notes);
a) the aggregate principal
amount validly tendered is €647,400,000;
b) the NC 2025 Existing Notes
Series Acceptance Amount is €549,700,000;
c) the NC 2025 Existing Notes
Tender Price is 98.60%; d) the remaining
outstanding principal amount of the NC 2025 Existing Notes
following the settlement of the Tender Offer will be
€450,300,000;
- In respect of its €1.25 billion
Undated 12 Year Non-Call Deeply Subordinated Fixed to Reset Rate
Notes with first reset date on 1st October 2026 and admitted to
trading on Euronext Paris (ISIN XS1115498260) (the NC 2026
Existing Notes),
a) the aggregate principal
amount validly tendered is €444,619,000;
b) the NC 2026 Existing Notes
Series Acceptance Amount is €150,000,000;
c) the NC 2026 Existing Notes
Tender Price is 102.418%;
d) the remaining outstanding
principal amount of the NC 2026 Existing Notes following the
settlement of the Tender Offer will be €1,100,000,000.
The settlement of the Tender Offer is expected to occur the 10
April 2024.
About OrangeOrange is one of the world’s leading
telecommunications operators with revenues of 44.1 billion euros in
2023 and 137,000 employees worldwide at 31 December 2023, including
73,000 employees in France. The Group has a total customer base of
298 million customers worldwide at 31 December 2023, including 254
million mobile customers and 25 million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies under the brand Orange Business. In
February 2023, the Group presented its strategic plan "Lead the
Future", built on a new business model and guided by responsibility
and efficiency. "Lead the Future" capitalizes on network excellence
to reinforce Orange's leadership in service quality.Orange is
listed on Euronext Paris (symbol ORA) and on the New York Stock
Exchange (symbol ORAN).For more information on the internet and on
your mobile: www.orange.com, www.orange-business.com and the Orange
News app or to follow us on Twitter: @orangegrouppr.Orange and any
other Orange product or service names included in this material are
trademarks of Orange or Orange Brand Services Limited.
Press contacts: Tom Wright;
tom.wright@orange.comCaroline Cellier;
caroline.cellier@orange.com
CAUTION: NOT FOR DISTRIBUTION IN THE UNITED
STATESThis press release, of a purely informative nature, is not
and cannot in any way be construed as an offering to sell any
securities, or as a solicitation of any offer to buy securities, in
any jurisdiction, including the United States, Japan, Australia,
Canada and the United Kingdom. The securities mentioned in this
press release have not been and will not be registered pursuant to
the US Securities Act of 1933, as modified. They cannot be offered
or sold in the United States absent registration or an exemption
from registration. No public offer of these securities has been or
will be made in the United States or elsewhere.
- PR Orange Hybrids bond Tender Results 2024_05042024
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