Business
Helios Towers Announces Cash Tender Offer
Helios Towers Announces Cash Tender Offer.
About this update from Helios Towers Plc
[{"type":"text","content":"\n \n \n RNS Number : 1849P\n Helios Towers PLC\n 08 June 2020\n \n \n \n \n This announcement contains inside information for the purpose of Article 7 of the Market Abuse Regulation (EU) 596/2014\n \n \n NOT FOR DISTRIBUTION IN OR INTO ANY JURISDICTION OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION IN WHICH SUCH DISTRIBUTION IS UNLAWFUL\n \n \n \n \n \n HELIOS TOWERS ANNOUNCES CASH TENDER OFFER FOR UP TO U.S.$325 MILLION AGGREGATE PRINCIPAL AMOUNT OF 9.125% SENIOR NOTES DUE 2022\n \n \n \n June 8, 2020\n \n - HTA Group, Ltd. (the \"Offeror\"), an indirect wholly owned subsidiary of Helios Towers plc (the \"Company\"), announces the launch of its offer to purchase for cash (the \"Tender Offer\") up to U.S.$325 million aggregate principal amount (the \"Maximum Tender Amount\") of the 9.125% Senior Notes due 2022 issued by the Offeror (the \"Notes\"). The Tender Offer is made upon the terms and subject to the conditions set forth in the offer to purchase dated June 8, 2020 (the \"Offer to Purchase\"). The Offeror reserves the right to increase the Maximum Tender Amount at its sole discretion. \n \n \n The Offeror is making the Tender Offer, in combination with the New Notes Offering (as defined below), as a way of managing the financial liabilities and cost of debt financing of the Company and its consolidated subsidiaries. The Tender Offer provides Noteholders with the option to tender their Notes for cash at a price equal to the current redemption price for the Notes. The Tender Offer may provide Noteholders who tender their Notes with the ability to further reduce their holdings of Notes and increase the amount of cash received as compared to a partial redemption of U.S.$325 million pursuant to the terms of the Indenture, which must be made on a pro rata basis among all outstanding Notes. In addition, Priority of Acceptance (as defined below) through the use of an Acceptance Code (as defined below) allows investors that subscribe for New Notes (as defined below) priority in the proceeds that are available to purchase the Notes in the Tender Offer.\n \n \n The Tender Offer will expire at 11:59 p.m., New York City time, on July 6, 2020, unless extended or earlier terminated (such time and date, as the same may be extended, the \"Expiration Time\"). Holders who tender their Notes may withdraw such Notes at an...