Business
Termination of Cash Tender Offer
Termination of Cash Tender Offer.
About this update from Helios Towers Plc
[{"type":"text","content":"\n \n \n RNS Number : 3760P\n Helios Towers PLC\n 09 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 \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 \n HELIOS TOWERS ANNOUNCES THE TERMINATION OF ITS CASH TENDER OFFER\n \n FOR UP TO U.S.$325 MILLION AGGREGATE PRINCIPAL AMOUNT OF 9.125% SENIOR NOTES DUE 2022 AND INTENTION TO ISSUE A NOTICE OF CONDITIONAL REDEMPTION FOR ALL OUTSTANDING EXISTING NOTES\n \n \n \n \n \n June 9, 2020\n \n - Further to its previous announcement dated June 8, 2020, HTA Group, Ltd (the \"Offeror\"), an indirect wholly owned subsidiary of Helios Towers plc (the \"Company\"), announces the termination of its offer to purchase for cash (the \"Tender Offer\") up to U.S.$325 million aggregate principal amount of the 9.125% Senior Notes due 2022 issued by the Offeror (the \"Existing Notes\"). \n \n \n \n \n \n The Tender Offer was made upon the terms and subject to the conditions set forth in the offer to purchase dated June 8, 2020 (the \"Offer to Purchase\").\n \n \n \n \n \n Concurrently with the Tender Offer launch announcement, the Offeror had also announced an offering of new notes (the \"New Notes Offering\"), to be guaranteed on a senior basis by the Company and certain of its direct and indirect subsidiaries. The proceeds from the New Notes Offering are expected to be sufficient to, among other uses of proceeds, pay the redemption price of 102.281% of the principal amount (plus any accrued interest) in connection with an optional redemption of the entire aggregate principal amount of Existing Notes outstanding pursuant to the terms of the indenture governing the Existing Notes. Consequently, the Offeror is cancelling the Tender Offer and intends to issue a notice of conditional redemption on June 9, 2020 to instead redeem all outstanding Existing Notes. The redemption will be subject to the successful completion of the New Notes Offering on terms acceptable to the Company and the Offeror.\n \n \n \n \n \n Any Existing Notes in respect of which tender instructions have been submitted prior to this announcement will be unblocked in the rele...