Business
Vodafone Group Plc launches Cash Tender Offers
Vodafone Group Plc launches Cash Tender Offers.
About this update from Vodafone Group Public Limited Company
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL\nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF UK MAR\n\n\n\n\n30 June 2025\n\n\nVODAFONE GROUP PUBLIC LIMITED COMPANY LAUNCHES CASH TENDER OFFERS FOR UP TO €2,000,000,000 (EQUIVALENT) IN AGGREGATE PRINCIPAL AMOUNT OF CERTAIN U.S. DOLLAR AND STERLING DENOMINATED NOTES DUE 2043 TO 2059\n\n\n\n\n\n \n\n(Newbury, Berkshire - England) - June 30, 2025 - Vodafone Group Plc (\"Vodafone\" or the \"Company\") announces the launch of its offers to purchase for cash in concurrent, but separate, offers for the outstanding series of notes listed in the table below (the \"Notes\") for an aggregate purchase price (excluding Accrued Interest, as defined herein) of up to €2,000,000,000 equivalent (the \"Maximum Tender Amount\"),(1) and based on the respective order of priority (each an \"Acceptance Priority Level\" and together, the \"Acceptance Priority Levels\"), as applicable, for such series, as set forth in the table below. Each offer to purchase each series of Notes is referred to herein as an \"Offer\" and the offers to purchase the Notes as the \"Offers.\" Subject to the Maximum Tender Amount, the maximum aggregate principal amount of the USD-denominated 4.25% Notes due 2050 (the \"2050 Notes\") to be purchased by the Company will be $750,000,000 (such amount, as may be increased or decreased, the \"2050 Sub-Cap\"). The Offers are subject to the terms of, and conditions set out in, the offer to purchase dated June 30, 2025 (the \"Offer to Purchase\"), including the Financing Condition (as defined herein).\n\n\n\n\nTitle of Security\n\n\n\n\n\nPrincipal Amount Outstanding\n\n\n\n\n\nCUSIP/ISIN /\nCommon Code\n\n\n\n\n\nAcceptance Priority\nLevel\n\n\n\n\n\nSub-Cap(2)\n\n\n\n\n\nEarly Tender Premium(3)\n\n\n\n\n\nReference Security\n\n\n\n\n\nBloomberg Reference Page/Screen\n\n\n\n\n\nFixed Spread\n(basis points)\n\n\n\n\n\n\n\n\n\nUSD 4.25% Notes due September 17, 2050 (the \"2050 Notes\")\n\n\n\n\n\n$1,500,000,000\n\n\n\n\n\n92857WBU3 / US92857WBU36 / N/A\n\n\n\n\n\n1\n\n\n\n\n\n$750,000,000(4)\n\n\n\n\n\n$50\n\n\n\n\n\nUST 4.625% due Fe...