Edf: EDF announces the final results its tender offer for US dollar-denominated hybrid notes
30 Dezember 2019 - 05:45PM
Edf: EDF announces the final results its tender offer for US
dollar-denominated hybrid notes
PRESS RELEASE
30 December 2019
EDF announces the final results its
tender offer for US dollar-denominated hybrid notes
EDF (the “Company”) today
announces the results of the tender offer (the “Tender
Offer“) launched on 26 November 2019(1) to purchase the
USD 3,000 million Reset Perpetual Subordinated Notes with a first
redemption at the option of the Company on 29 January 2023 (144A /
Reg S ISIN: US268317AF12 / USF2893TAF33) of which USD 3,000 million
is outstanding (prior to the Tender Offer), which are admitted to
trading on the regulated market of the Luxembourg Stock Exchange
(the “US Notes“).
Summary table of the Tender Offer
results below:
ISIN |
Principal Amount outstanding before the start of the
buyback transaction |
Tendered Amount in % of outstanding (a) |
Aggregate Principal Amount tendered on or prior to the
Early Participation Date (b) and Accepted for
Purchase |
Aggregate Principal Amount after the Early Participation
Date and on or prior to the Expiration Date (c) and Accepted for
Purchase at the Tender Price of 99.567% |
Principal Amount outstanding after the buyback transaction
(a) |
144A / Reg S ISIN : US268317AF12 /
USF2893TAF33 |
$3,000,000,000 |
30.0795% |
$895,176,000 |
$7,210,000 |
$2,097,614,000 |
(a) Immediately following the final
results of the US Tender Offer on 30 December 2019.
(b) 10 December 2019.
(c) 27 December 2019.
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 31 December
2019.
The Company has also exercised its call
option on 29 January 2020 to redeem whole the EUR 1,250,000,000
Reset Perpetual Subordinated Notes (ISIN: FR0011401736) of which
EUR 338,200,000 is currently outstanding.
(1) see EDF's press release dated 26 November
2019.
Disclaimers
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.
This announcement does not contain the full
terms and conditions of the US Tender Offer and does not constitute
an invitation to participate in the Tender Offer in or from any
jurisdiction in or from which, or to or from any person to or from
whom, it is unlawful to make such invitation under applicable
securities laws. The distribution of this announcement in certain
jurisdictions may be restricted by law. Persons into whose
possession this announcement comes are required to inform
themselves about, and to observe, any such restrictions.
This announcement must be read in conjunction
with the offer to purchase for the respective US Notes. Tenders of
US Notes for purchase pursuant to the tender offer will not be
accepted from qualifying holders in any circumstances in which such
offer or solicitation is unlawful. EDF does not make any
recommendation as to whether or not qualifying holders should
participate in the tender offer. This announcement and the offer to
purchase for the US Notes contain important information which
should be read carefully before any decision is made with respect
to the US Tender Offer. If any holder of the US Notes is in any
doubt as to the contents of the offer to purchase for the
respective US Notes or the action it should take, it is recommended
to seek its own financial advice, including in respect of any tax
consequences, from its broker, bank manager, solicitor, accountant
or other independent financial, tax or legal adviser.
This press release is certified. Its
authenticity can be checked on medias.edf.com
A key player in energy transition, the EDF Group
is an integrated electricity company, active in all areas of the
business: generation, transmission, distribution, energy supply and
trading, energy services. A global leader in low-carbon energies,
the Group has developed a diversified generation mix based on
nuclear power, hydropower, new renewable energies and thermal
energy. The Group is involved in supplying energy and services to
approximately 39.8 million customers, including 29.7 million in
France. The Group generated consolidated sales of €69 billion in
2018. EDF is listed on the Paris Stock Exchange.
EDF SAFrench societe anonymeWith a share capital of 1 551 810
543 eurosRegistered lead office : 22-30, avenue de Wagram75382
Paris cedex 08552 081 317 R.C.S. Paris
www.edf.fr
CONTACTS
Press: +33 (0) 1 40 42 46 37
Analysts and Investors: +33 (0) 1 40 42 40 38
- PR Results LM US 2019-12-30 VDef certified