Business
Tender Offer
Tender Offer.
About this update from Tp Icap Group Plc
[{"type":"text","content":"\n \nRNS Number : 2748Z TP ICAP PLC 16 May 2019 \n\nNOT FOR 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 DOCUMENT.\nTP ICAP plc announces Tender Offer in respect of its £500,000,000 5.250 per cent. Notes due 2024 (ISIN: XS1555815494) and proposed issue of new sterling-denominated fixed rate notes due 2026 under its £1,000,000,000 Euro Medium Term Note Programme\n16 May 2019. TP ICAP plc (the Company) announces today an invitation to eligible holders of its outstanding £500,000,000 5.250 per cent. Notes due 2024 (ISIN: XS1555815494) (the Notes) to tender their Notes for purchase by the Company for cash up to the Maximum Acceptance Amount (as defined below), subject to satisfaction of the New Financing Condition (as defined below) (the Offer). \nThe Offer is being made on the terms and subject to the conditions contained in a tender offer memorandum dated 16 May 2019 (the Tender Offer Memorandum) prepared by the Company, and is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum.\nCopies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender and Information Agent as set out below. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum.\nSummary of the Offer\n\n\n\nDescription\nof the Notes\n\n\nISIN /\nCommon Code \n\n\nOutstanding Principal Amount\n\n\nPurchase Price\n\n\nMaximum Acceptance Amount\n\n\n\n\n£500,000,000 5.250 per cent. Notes due 2024\n\n\nXS1555815494 / 155581549\n\n\n£500,000,000\n\n\n104.00 per cent.\n\n\n£80,000,000 in aggregate principal amount (or such other principal amount as may be determined by the Company in its sole discretion)\n\n\n\nRationale for the Offer\nThe purpose of the Offer is to manage the Company's debt profile. \nNotes purchased by the Company pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold. \nP...