Business
Further re Tender Offer
Further re Tender Offer.
About this update from Nationwide Building Society
[{"type":"text","content":"\n \n \n \n Nationwide announces the early results, pricing and early settlement of its previously announced tender offer for certain of its dollar-denominated Securities up to the U.S. dollar equivalent of £700,000,000\n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION IN WHICH SUCH DISTRIBUTION IS UNLAWFUL (SEE \"OFFER AND DISTRIBUTION RESTRICTIONS\" BELOW)\n \n \n \n \n \n \n \n \n June 9, 2022\n \n \n \n \n \n Nationwide Building Society (the \"Society\" or \"Nationwide\") announced today the pricing and early settlement of its two separate cash tender offers to purchase an aggregate principal amount for both offers of up to the U.S. dollar equivalent of £700,000,000 (as determined at the Price Determination Time) of its outstanding 4.125% Reset Subordinated Notes due October 2032 (the \"2032 Notes\") and its 4.000% Subordinated Notes due September 2026 (the \"2026 Notes\") (together, the \"Securities\") (each, an \"Offer\" and together, the \"Offers\"). The Offers were made on, and are subject to, the terms and conditions set forth in the offer to purchase (the \"Offer to Purchase\"), dated May 25, 2022. Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.\n \n \n \n Early Results, Pricing, Maximum Tender Amount and Early Acceptance Date\n \n \n \n The Early Tender Deadline for the Offers was 5:00 p.m., New York time, on June 8, 2022 (the \"Early Tender Deadline\") and pricing of the Offers took place at or around 11:00 a.m., New York City time, on June 9, 2022 (the \"Price Determination Time\"). As a result, tendered Securities may no longer be withdrawn, except in certain limited circumstances as detailed further in the Offer to Purchase.\n \n \n As at the Early Tender Deadline, the aggregate principal amount of each series of\n Securities\n validly tendered and not withdrawn by Holders was:\n \n \n ·\n pursuant to the Offer made in respect of the 2032 Notes, U.S.$742,279,000, representing 59.4 per cent. of the total aggregate principal amount of the 2032 Notes; and\n \n \n ·\n pursuant to the Offer made in respect of the 2026 Notes, U.S.$485,974,000, representing 38.9 per cent. of the total aggregate princ...