Business
Final Results of Tender Offer 3.625% Senior Notes
Final Results of Tender Offer 3.625% Senior Notes.
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n\n \n \n \n21 November 2023\n \nB&M European Value Retail S.A.\n \nB&M Announces Final Results of Tender Offer of its 3.625% Senior Secured Notes due 2025\n \n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (\"EU MAR\") AND ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM (THE \"UK\") BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). \n \nTHIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL, ISSUE OR PURCHASE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE, SUBSCRIBE FOR OR SELL, ANY SECURITIES OF B&M EUROPEAN RETAIL VALUE S.A. THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY U.S. PERSON OR ANY JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. \n \nB&M European Value Retail S.A. (the \"Offeror\") (BME:LN) announces today the final results of its cash offer to holders of its existing £400 million 3.625% Senior Secured Notes due 2025 (the \"Existing Notes\") to tender their Existing Notes for purchase by the Offeror (the \"Tender Offer\"), which was initially announced on 13 November 2023. On 15 November 2023, the Offeror announced that it would accept for purchase Existing Notes that were validly tendered and not validly withdrawn pursuant to the Tender Offer up to an indicative Maximum Acceptance Amount of £250 million. The Offeror today announces that £244,480,000 principal amount of Existing Notes have been validly tendered in the Tender Offer. The expiration time for the Tender Offer was 4:00 p.m. London time on 20 November 2023.\n \nThe final results of the Tender Offer are as follows:\n\n\n\n\nDescription of the Existing Notes\n\n\nOutstanding Principal Amount\n\n\nISIN/Common Code\n\n\nPurchase Price(1)\n\n\nMaximum Acceptance Amount\n\n\nTotal Principal Amount of Existing Notes Tendered for Purchase\n\n\nScaling Factor\n\n\nTotal Principal Amount of Existing Notes Accepted for Purchase\n\n\n\n\n3.625% Senior Secured Notes due 2025\n\n\n£400,000,00...