Results of convertible bond tender
Summary by AI BETAClose X
THIS PRESS RELEASE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
HTA Group, Ltd announces repurchase of USD 120,000,000 in aggregate principal amount of its existing USD 300,000,000 Guaranteed Senior Unsecured Convertible Bonds due 2027
HTA Group, Ltd (the "Purchaser"), a wholly owned subsidiary of Helios Towers plc, the independent telecommunications infrastructure company ("Helios Towers" or the "Company"), announces the final results of the invitation, on the terms and conditions set out below, to the Eligible Bondholders (as defined below) of its existing USD 300,000,000 Guaranteed Senior Unsecured Convertible Bonds due 2027 with ISIN code: XS2317281710 (the "Bonds") to offer to sell any and all of their Bonds to the Purchaser for cash at the Repurchase Price (as defined below) in an aggregate principal amount up to USD 120,000,000 by way of a reverse bookbuilding process (the "Invitation").
The Purchaser announces the repurchase of USD 120,000,000 in aggregate principal amount of the Bonds, which represents 40% of the remaining outstanding aggregate principal amount of the Bonds. Eligible Bondholders will receive an amount in cash per USD 200,000 in principal amount of Bonds equal to USD 198,250 (the "Repurchase Price"), plus accrued and unpaid interest on those Bonds accepted for purchase from and including 18 September 2025 to but excluding the Settlement Date, which on the basis of the expected Settlement Date will amount to USD 351.39 per USD 200,000 in principal amount of the Bonds.
Settlement of the repurchases pursuant to the Invitation is expected to occur on or around Friday, 10 October 2025 (the "Settlement Date") following which, as permitted by the terms and conditions of the Bonds, the Purchaser aims to surrender the Bonds for cancellation. Following cancellation of the Bonds repurchased by the Purchaser pursuant to the Invitation, the remaining outstanding Bonds will represent an aggregate principal amount of USD 180,000,000.
Jefferies International Limited acted as Dealer Manager for the Invitation.
This announcement is released by Helios Towers plc and contains information in relation to the Bonds that qualified or may have qualified as inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as amended and as it forms part of United Kingdom domestic law ("UK MAR"). For the purposes of UK MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of United Kingdom domestic law, this announcement is made by Manjit Dhillon, Helios Towers plc.
For further information please contact:
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Helios Towers plc Manjit Dhillon, CFO Chris Baker-Sams, Head of Strategic Finance and Investor Relations
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+44 7767 237010 +44 782 511 2288 |
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Jefferies International Limited Dealer Manager Harry Le May / Dominik Gansloser / Patrick Kindler
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+44 20 7029 8000 |
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Headland Media Relations Andy Rivett-Carnac / Stephanie Ellis / Joe Hughes |
+44 796 899 7365 |
IMPORTANT INFORMATION
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL BONDS AND TENDERS OF BONDS FOR PURCHASE PURSUANT TO THE INVITATION WILL NOT BE ACCEPTED FROM HOLDERS OF BONDS IN ANY CIRCUMSTANCES IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. IN THOSE JURISDICTIONS WHERE THE SECURITIES, BLUE SKY OR OTHER LAWS REQUIRE THE INVITATION TO BE MADE BY A LICENSED BROKER OR DEALER AND THE DEALER MANAGER OR ANY OF THEIR RESPECTIVE AFFILIATES ARE SUCH A LICENSED BROKER OR DEALER IN ANY SUCH JURISDICTION, THE INVITATION SHALL BE DEEMED TO BE MADE BY SUCH DEALER MANAGER OR SUCH AFFILIATE, AS THE CASE MAY BE, ON BEHALF OF THE PURCHASER IN SUCH JURISDICTION. THE INVITATION HAS NOW EXPIRED.
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