Business
Helios Towers Announces Launch of Offer
Helios Towers Announces Launch of Offer.
About this update from Helios Towers Plc
[{"type":"text","content":"\n \n \n RNS Number : 1848P\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 OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933 (THE \"U.S. SECURITIES ACT\")) IN OR INTO ANY OTHER 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 LAUNCH OF OFFER OF U.S.$425 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2025\n \n \n \n June 8, 2020\n \n - HTA Group, Ltd. (the \"HTA Group\"), an indirect wholly owned subsidiary of Helios Towers plc (the \"Company\"), announces the launch of its offering of fixed rate senior notes due 2025, guaranteed on a senior basis by the Company and certain of its direct and indirect subsidiaries (the \"Notes\"), as well as the entry into new debt facilities (the \"Refinancing\"). \n \n \n Senior Notes\n \n \n The proceeds of the Notes, together with U.S.$7 million of cash on hand, will be used (i) to finance the purchase of up to U.S.$325 million aggregate principal amount of the HTA Group's outstanding senior notes due 2022 (the \"Existing Notes\") pursuant to the Tender Offer (as defined below), (ii) to repay all amounts outstanding under its U.S.$125 million term facility \n (of which, as of the date hereof, approximately U.S.$75 million was outstanding) \n and (iii) to pay certain fees and expenses in relation to the Refinancing and the Tender Offer.\n \n \n Concurrently with this announcement, HTA Group announced a tender offer (the \"Tender Offer\") for up to U.S.$325 million of aggregate principal amount of the outstanding Existing Notes (the \"Maximum Tender Amount\") pursuant to an offer to purchase dated the same date (the \"Offer to Purchase\"). \n \n \n If the aggregate principal amount of Existing Notes validly tendered and not validly withdrawn as of the Expiration Time is less than the Maximum Tender Amount, HTA Group intends to redeem an aggregate principal amount of Existing Notes pursuant to the terms of...