NOT 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 AND THE DISTRICT OF COLUMBIA (the "United States").
Bertelsmann SE & Co. KGaA
announcement of the final results of the Tender Offers
Gütersloh, 18 January 2022. Bertelsmann SE & Co. KGaA (the "Offeror") announces today the final results of its invitation to the holders of its outstanding (i) €750,000,000 2.625 per cent. Notes due 2022 (ISIN: XS0811690550) (the "August 2022 Notes"), (ii) €500,000,000 1.750 per cent. Notes due 2024 (ISIN: XS1121177767) (the "October 2024 Notes"),
- €750,000,000 1.250 per cent. Notes due 2025 (ISIN: XS1888229249) (the "September 2025 Notes") and (iv) €500,000,000 1.125 per cent. Notes due 2026 (ISIN: XS1400165350) (the "April 2026 Notes") (the August 2022 Notes, the October 2024 Notes, the September 2025 Notes and the April 2026 Notes together the "Notes"), to tender their Notes for purchase by the Offeror for cash on the terms and subject to the conditions set out in the tender offer memorandum dated 10 January 2022 (the "Tender Offer Memorandum") at the Purchase Price plus Accrued Interest up to the Target Acceptance Amount (the "Offers").
The Offers were announced on 10 January 2022 and are subject to the conditions set out in the Tender Offer Memorandum prepared by the Offeror. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for receipt by the Tender Agent of Tender Instructions was 5.00 p.m. (Frankfurt am Main local time) on 17 January 2022.
Final Results of the Offers
As at the Expiration Deadline, August 2022 Notes in an aggregate nominal amount of EUR 58,400,000, October 2024 Notes in an aggregate nominal amount of 13,800,000, September 2025 Notes in an aggregate nominal amount of EUR 17,400,000 and April 2026 Notes in an aggregate nominal amount of EUR 56,700,000 have been validly tendered for purchase pursuant to the terms of the Offers.
The Pricing took place today, 18 January 2022, at or around 2.00 p.m. (Frankfurt am Main local time).
The final results of the Offers are as set out below:
The Final Acceptance Amount is EUR 146,300,000.
August 2022 Notes | |
Series Acceptance Amount: | EUR 58,400,000 |
Purchase Yield: | -0.50% |
Purchase Price: | 101.669% |
Scaling Factor | N/A |
Aggregate outstanding nominal amount of the Notes | |
after the Settlement Date: | EUR 538,900,000 |
October 2024 Notes | |
Series Acceptance Amount: | EUR 13,800,000 |
Benchmark Rate: | -0.151% |
Purchase Spread: | -5 bps |
Purchase Yield: | -0.201% |
Purchase Price: | 104.856% |
Scaling Factor | N/A |
Aggregate outstanding nominal amount of the Notes | |
after the Settlement Date: | EUR 426,100,000 |
September 2025 Notes: | |
Series Acceptance Amount: | EUR 17,400,000 |
Benchmark Rate: | -0.020% |
Purchase Spread: | 0 bps |
Purchase Yield: | -0.020% |
Purchase Price: | 104.372% |
Scaling Factor | N/A |
Aggregate outstanding nominal amount of the Notes | |
after the Settlement Date: | EUR 517,300,000 |
April 2026 Notes: | |
Series Acceptance Amount: | EUR 56,700,000 |
Benchmark Rate: | 0.039% |
Purchase Spread: | +5 bps |
Purchase Yield: | 0.089% |
Purchase Price: | 104.155% |
Scaling Factor | N/A |
Aggregate outstanding nominal amount of the Notes | |
after the Settlement Date: | EUR 443,300,000 |
The Settlement Date is expected to be on 20 January 2022. The Offeror will also pay Accrued Interest in respect of the Notes accepted for purchase.
The Dealer Managers:
Deutsche Bank Aktiengesellschaft | Société Générale |
Mainzer Landstraße 11-17 | 17, cours Valmy |
60329 Frankfurt am Main | 92987 Paris La Défense cedex |
Federal Republic of Germany | France |
For information by telephone: | For information by telephone: |
+44 20 7545 8011 | +33 (0)1 42 13 32 40 |
Attention: Liability Management Group | Email: liability.management@sgcib.com |
Attention: Liability Management |
The Tender Agent:
Lucid Issuer Services Limited
The Shard
32 London Bridge Street
London SE1 9SG
United Kingdom
Telephone: +44 20 7704 0880
Attention: Paul Kamminga / Harry Ringrose
Email: bertelsmann@lucid-is.com
DISCLAIMER: This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and/or the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions
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Bertelsmann SE & Co KGaA published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 16:29:05 UTC.