Telia Company announces results of tender offer in respect of certain outstanding GBP notes
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Telia Company AB (publ) (“Telia”) announces the results of the tender offer and proposal for, and mandatory early redemption of, its GBP 400,000,000, 4.375% Notes due December 5, 2042.
On November 11, 2024, Telia announced separate invitations to:
(i) holders (the “Noteholders”) of its GBP 400,000,000, 4.375% Notes due December 5, 2042 (ISIN: XS0861990173) (the “Notes”) to tender any and all of their Notes for purchase by Telia for cash (the “Offer”); and
(ii) Noteholders to approve, by Extraordinary Resolution, certain modifications of the terms and conditions of the Notes (the “Conditions”) to provide for Telia to redeem (the “Issuer Mandatory Redemption”) all, but not some only, of the Notes that remain outstanding (if any) on completion of the Offer (the “Proposal”).
The Offer and the Proposal were made on the terms and conditions set out in the Offer Memorandum dated November 11, 2024 (the “Offer Memorandum”) including, in the case of the Offer, the offer and distribution restrictions set out in the Offer Memorandum.
As at expiration of the Offer, GBP 231,864,000 in aggregate nominal amount of the Notes had been validly tendered for purchase pursuant to the Offer. Telia has decided to accept for purchase all Notes validly tendered pursuant to the Offer.
Settlement of the Tender Offer is expected to take place on December 11, 2024.
All Notes that are purchased pursuant to the Offer or redeemed pursuant to the Issuer Mandatory Redemption will be cancelled.
Full details about the Offer, the Proposal and results of the Offer and the Proposal, including pricing in respect of the Offer and the Proposal, can be found on the website of the Luxembourg Stock Exchange at https://www.luxse.com.
NatWest Markets N.V. acted as Sole Dealer Manager for the Offer and the Proposal, and Kroll Issuer Services Limited acted as Tender and Information Agent for the Offer and the Proposal.
NOTES TO EDITORS
For more information, contact Telia Company’s press office on +46 (0)771 77 58 30, visit our newsroom and follow us on LinkedIn. To download our logo, high-resolution images of Telia leaders, offices and solutions, or B-roll footage for editorial use, visit our media bank.
ABOUT TELIA
Telia Company (STO: TELIA) is a Nordic and Baltic telecommunications leader and Nordic media house, serving consumers, businesses and public sector customers with essential digital infrastructure, ICT services and entertainment. Our colleagues serve millions of customers every day in one of the world’s most connected regions. We’re the hub in the digital ecosystem, providing 26 million mobile, broadband and TV subscriptions that empower people, companies and societies to stay in touch with everything that matters 24/7/365. Learn more at www.teliacompany.com.
DISCLAIMER: This announcement must be read in conjunction with the Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and/or the Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Offer Memorandum comes are required by each of the Issuer, the Sole Dealer Manager and the Tender and Information Agent to inform themselves about, and to observe, any such restrictions.