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 | 30.795% | $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.
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