Regulatory News:
EUTELSAT S.A. (Paris:ETL) (LSE:ETL):
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
INDIRECTLY TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE
UNITED STATES SECURITIES ACT OF 1993, AS AMENDED (THE “SECURITIES
ACT”)) OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF
AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO,
THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE
NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE
DISTRICT OF COLUMBIA OR IN ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
ANNOUNCEMENT.
EUTELSAT S.A. (a joint-stock company
(société anonyme) established under the laws of the Republic of
France) (THE “COMPANY”)
ANNOUNCES THE RESULTS OF THE TENDER
OFFER
TO THE QUALIFYING HOLDERS OF ITS
OUTSTANDING
€800,000,000 2.00 PER CENT. BONDS DUE 2025
(OF WHICH €800,000,000 ARE CURRENTLY OUTSTANDING) (ISIN:
FR0013369493) (THE “EXISTING NOTES”);
TO TENDER ANY AND ALL OF THE EXISTING NOTES
FOR PURCHASE FOR CASH ON THE TERMS AND SUBJECT TO THE CONDITIONS
SET OUT IN FULL IN THE TENDER OFFER MEMORANDUM
This notice must be read in conjunction with the tender offer
memorandum dated 25 March 2024 (the “Tender Offer
Memorandum”). Capitalised terms used in this notice and not
otherwise defined herein shall have the meanings ascribed to them
in the Tender Offer Memorandum.
On 25 March 2024, the Company announced the launch of a Tender
Offer to Qualifying Holders (as defined in the Tender Offer
Memorandum). Under the terms of the Tender Offer, Qualifying
Holders (subject to offer restrictions) were invited to tender
their Existing Notes for purchase by the Company for a cash amount,
equal to the Tender Consideration and the Accrued Interest Amount
upon the terms and conditions of the Tender Offer as described in
the Tender Offer Memorandum.
The Tender Offer expired at 5.00 p.m. Paris time on 3 April
2024.
Final results of the Tender Offer
The Company is pleased to announce the final results of the
Tender Offer as follows:
Aggregate principal amount of Existing Notes tendered and
accepted for purchase: €623,400,000
Accrued Interest in respect of Existing Notes tendered and
accepted for purchase: 1.03279%
Aggregate principal amount of Existing Notes that remains
outstanding after the Settlement Date: €176,600,000
Any charges, costs and expenses charged by the Qualifying
Holders intermediary shall be borne by such Qualifying Holders.
The acceptance for purchase by the Company of Existing Notes
validly tendered pursuant to the Tender Offer is at the sole
discretion of the Company and is subject, without limitation, to,
and conditional upon, on or before the Settlement Date, the
settlement of the issue of the New Notes to the satisfaction of the
Company (the “Transaction Condition”). The Company is
entitled to waive the Transaction Condition at its sole and
absolute discretion.
Settlement
The Settlement Date is expected to take place on 8 April 2024,
on which date the Company will pay the Tender Consideration and the
Accrued Interest Amount to the Qualifying Holders who have validly
tendered for purchase their Existing Notes under the Tender Offer
and whose tenders have been accepted.
Contact Information
The Company:
Eutelsat S.A. 32 Boulevard Gallieni
92130 Issy-les-Moulineaux France
The Dealer Managers of the Tender Offer are:
BNP Paribas
16, boulevard des Italiens 75009
Paris France
Attention: Liability Management
Group
Telephone: +33 1 55 77 78 94
Email:
liability.management@bnpparibas.com
Crédit Agricole Corporate and
Investment Bank 12 place des États-Unis
CS 70052 92 547 Montrouge
Cedex
France
Attn: Liability Management
Tel: +44 207 214 5903
Email:
liability.management@ca-cib.com
Société Générale
Immeuble Basalte
17 Cours Valmy, CS 50318, 92972
Paris
La Défense Cedex
France
Attn: Liability Management
Tel: +33 1 42 13 32 40
Email:
liability.management@sgcib.com
The Information Agent for the Tender Offer will be:
BNP Paribas Securities
Services Business Line
Les Grands Moulins de Pantin
9, rue du Débarcadère
93500 Pantin
France
Tel: +33 1 40 14 14 30
Email:
paris.bp2s.information.agent@bnpparibas.com
The Tender Agent for the Tender Offer will be:
BNP Paribas Securities
Services Business Line
9, rue du Débarcadère
93500 Pantin
France
Attn: Corporate Trust
Services
Tel: +33 1 40 14 14 30
Fax: +33 1 57 43 31 38
Email:
paris.bp2s.offers@bnpparibas.com
OFFER RESTRICTIONS
The distribution of this notice or the Tender Offer Memorandum
in certain jurisdictions may be restricted by law. Persons into
whose possession this notice comes are required by each of the
Company, the Dealer Managers, the Tender Agent and the Information
Agent to inform themselves about, and to observe, any such
restrictions. Please also see the Tender Offer Memorandum for a
fuller description of such restrictions.
No action has been or will be taken in any jurisdiction in
relation to the Tender Offer that would permit a public offering of
securities.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240404866782/en/
EUTELSAT S.A.
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