27.06.2017, 13:13
VEON announces final tender offer results
OREANDA-NEWS. VimpelCom Holdings B.V. (the «Company»), a wholly-owned subsidiary of VEON Ltd. («VEON»), today announces the aggregate principal amount of Notes (as defined below) validly tendered and not validly withdrawn pursuant to the Company's previously announced offer to purchase (the «Offer», subject to the terms and conditions set out in the offer to purchase dated 30 May 2017 (the «Offer to Purchase»)) in relation to any and all of the outstanding (i) U.S.$1,000,000,000 9.125% Loan Participation Notes due 2018 issued by, but with limited recourse to, VIP Finance Ireland Limited (the «2018 Notes»), (ii) U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland Limited (the «2021 Notes») and (iii) U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by the Company (the «2022 Notes» and together with the 2018 Notes and the 2021 Notes, the «Notes»).
Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Offer to Purchase.
Further to the announcement of the Offer on 30 May 2017 and the announcement of the early tender results for the Offer on 13 June 2017, and the satisfaction of the Financing Condition on 19 June 2017, the Company hereby informs holders of the Notes (each a «Holder» and together, the «Holders») that, as at the Expiration Time (being 4.59 a.m. London time on 27 June 2017 (11.59 p.m. New York time on 26 June 2017)), the aggregate principal amount of each series of Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time and accepted for purchase by the Company is set out in the seventh column of the table below under the heading «Aggregate Principal Amount of Notes Tendered since the Early Tender Time and Accepted for Purchase». The aggregate principal amount of each series of Notes validly tendered and accepted for purchase in the Offer is set out in the ninth column under the heading «Aggregate Principal Amount Accepted for Purchase in the Offer», representing U.S. $1,258,656,000 in aggregate principal amount, or 51.8% of the total principal amount of the Notes. The consideration payable (excluding Accrued Interest (defined below)) by the Company in respect of the Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time and accepted for purchase, is set out in the eighth column of the table below under the heading «Consideration payable at the Final Payment Date». Accrued Interest (as defined below) will also be paid.
Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Offer to Purchase.
Further to the announcement of the Offer on 30 May 2017 and the announcement of the early tender results for the Offer on 13 June 2017, and the satisfaction of the Financing Condition on 19 June 2017, the Company hereby informs holders of the Notes (each a «Holder» and together, the «Holders») that, as at the Expiration Time (being 4.59 a.m. London time on 27 June 2017 (11.59 p.m. New York time on 26 June 2017)), the aggregate principal amount of each series of Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time and accepted for purchase by the Company is set out in the seventh column of the table below under the heading «Aggregate Principal Amount of Notes Tendered since the Early Tender Time and Accepted for Purchase». The aggregate principal amount of each series of Notes validly tendered and accepted for purchase in the Offer is set out in the ninth column under the heading «Aggregate Principal Amount Accepted for Purchase in the Offer», representing U.S. $1,258,656,000 in aggregate principal amount, or 51.8% of the total principal amount of the Notes. The consideration payable (excluding Accrued Interest (defined below)) by the Company in respect of the Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time and accepted for purchase, is set out in the eighth column of the table below under the heading «Consideration payable at the Final Payment Date». Accrued Interest (as defined below) will also be paid.
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