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Final pricing of repurchase of convertible bonds
International Consolidated Airlines Group, S.A. has announced the final repurchase price for its outstanding EUR 825,000,000 1.125% senior unsecured convertible bonds due 2028. The company accepted for purchase a total of EUR 821,700,000 in aggregate principal amount, representing 99.6% of the outstanding bonds. The final repurchase price is EUR 145,685.11 per EUR 100,000 principal amount. Settlement is expected around May 19, 2026, after which the repurchased bonds will be cancelled. The remaining EUR 3,300,000 in principal amount is intended to be redeemed via a clean-up call. Disclaimer*
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[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE \"UNITED STATES\") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE \"INVITATION AND DISTRIBUTION RESTRICTIONS\" BELOW).\n12 May 2026\nInternational Consolidated Airlines Group, S.A. announces the final repurchase price of the repurchase of its outstanding EUR 825,000,000 1.125% senior unsecured convertible bonds due 2028\nOn Monday, 11 May 2026, International Consolidated Airlines Group, S.A. (the \"Purchaser\"), announced that it had accepted for purchase for cash, on the terms and conditions set out in the Invitation (as defined below), EUR 819,000,000 in aggregate principal amount of its outstanding EUR 825,000,000 Senior Unsecured Convertible Bonds due 2028 with ISIN code: XS2343113101 (the \"Bonds\") in connection with the invitation announced by the Purchaser on Monday, 11 May 2026 (the \"Invitation\"). Following continued interest from holders of the Bonds, the Purchaser has today accepted for purchase pursuant to the Invitation a further EUR 2,700,000 in aggregate principal amount of Bonds, and has therefore accepted for purchase a total of EUR 821,700,000 in aggregate principal amount of Bonds (which represents 99.6% of the aggregate principal amount of the Bonds currently outstanding).\nThe Invitation was fully described in an invitation term sheet (the \"Invitation Term Sheet\") prepared by the Purchaser in connection with the Invitation.\nThe Purchaser hereby announces that the Final Repurchase Price payable by the Purchaser per EUR 100,000 in principal amount of Bonds accepted for purchase will be EUR 145,685.11, as calculated in accordance with the terms and conditions of the Invitation.\nSubject to the satisfaction or waiver of the Financing Condition (as defined in the Invitation Term Sheet), settlement of the repurchase of Bonds pursuant to the Invitation is expected to occur on or around Tuesday, 19 May 2026, following which the Bonds repurchased will be cancelled in accordance with the terms a...
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