Business
Tender Offer
Tender Offer.
About this update from United Utilities Group Plc
[{"type":"text","content":"\n\n \n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS 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 TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\nUNITED UTILITIES WATER FINANCE PLC ANNOUNCES\nTENDER OFFER IN RESPECT OF ITS\n£450,000,000 2.00 PER CENT. FIXED RATE NOTES DUE 2025\n \n15 March 2024.\nUnited Utilities Water Finance PLC (the Company) announces today its invitation to holders of its £450,000,000 2.00 per cent. Fixed Rate Notes due 2025 (ISIN: XS1769818227) ((£300,000,000 of which were issued on 14 February 2018, £50,000,000 of which were issued on 19 September 2018 and £100,000,000 of which were issued on 28 January 2019)) (the Bonds) to tender their Bonds for purchase by the Company for cash (the Offer). The Bonds are guaranteed by United Utilities Water Limited (the Parent).\nThe Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 15 March 2024 (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.\nCapitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.\nSummary\nA summary of certain terms of the Offer appears below:\n \n\n\n\n\nDescription of the Bonds\n\n\nISIN / Common Code\n\n\nCoupon\n\n\nApplicable Maturity Date\n\n\nFirst Optional Redemption Date (Issuer Call at Par)\n\n\nOutstanding Nominal Amount\n\n\nBenchmark Security\n\n\nPurchase Spread\n\n\nMaximum Acceptance Amount\n\n\n\n\n£450,000,000 2.00 per cent. Fixed Rate Notes due 2025\n\n\nXS1769818227\n/...