Press release: Orange - Results of the consent solicitation in relation to certain outstanding notes
11 October 2024 - 4:02AM
UK Regulatory
Press release: Orange - Results of the consent solicitation in
relation to certain outstanding notes
Press release
Paris, 10 October 2024
Results of the consent solicitation in relation to
certain outstanding notes
Orange announces today the results of the consent meeting of the
Noteholders of the New York law-governed 9.00% notes due 1 March
2031 (the “2031 Notes”) held on 10 October 2024, which approved the
amendment to the Indenture dated 14 March 2001 governing the terms
of the 2031 Notes, as described in Orange’s prior announcement of
25 September 2024.
Orange launched the consent solicitation to approve the
amendment to the Indenture governing the terms of the 2031 Notes to
align the reporting provision with the requirements applicable
under French law for companies with shares listed on Euronext
Paris. The consent meeting of the Noteholders of the 2031 Notes
held on 10 October 2024 was quorate and the proposed amendment was
successfully passed by a Qualified Majority (as defined in the
Indenture dated 14 March 2001 governing the terms of the 2031
Notes). It is expected that the amendment to the Indenture dated 14
March 2001 governing the terms of the 2031 Notes will be entered
into on 10 October 2024 and payment of the early consent fee to
Noteholders who voted in favor of the amendment prior to the early
voting deadline will be made on or about four business days
thereafter, as described in the consent solicitation
memorandum.
The terms and conditions of the consent solicitation were set
out in the consent solicitation memorandum and the notice of
consent meeting and written resolutions, dated 25 September 2024,
distributed to registered holders of the 2031 Notes.
Notes targeted in the consent solicitation:
|
Description of Notes |
Registered ISIN / CUSIP |
Rule 144A ISIN / CUSIP |
Regulation S ISIN |
Results |
|
9.00% notes due March 1, 2031 (which had a coupon at issuance of
8.50%) |
Registered:
US35117PAL13 / 35177PAL1 |
Rule 144A:
US35177PAC14 / 35177PAC1 |
Regulation S:
USF4113CDJ92 |
Approved |
About Orange
Orange is one of the world’s leading telecommunications operators
with revenues of 39.7 billion euros in 2023 and 128,000 employees
worldwide at 30 June 2024, including 72,000 employees in France.
The Group has a total customer base of 285 million customers
worldwide at 30 June 2024, including 246 million mobile customers
and 21 million fixed broadband customers. These figures have been
restated to account for the deconsolidation of certain activities
in Spain following the creation of MASORANGE. The Group is
present in 26 countries (including non-consolidated 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 X: @orangegrouppr.
Orange and any other Orange product or service names included
in this material are trademarks of Orange or Orange Brand Services
Limited.
Press contact
Tom Wright ; tom.wright@orange.com
- PR_Orange_Results of Consent Meeting_EN_101024_b
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