Fnac Darty S.A. announces the results of its offer to purchase for cash its outstanding senior notes due 2024 and 2026
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Ivry-sur-Seine, France — March 25, 2024
Fnac Darty S.A. announces the results of its offer to purchase for cash its outstanding senior notes due 2024 and 2026
Fnac Darty S.A. (the “Company”), announced today the final results of its cash tender offer for its existing senior notes due 2024 (the “Existing 2024 Notes”) and its existing senior notes due 2026 (the “Existing 2026 Notes” together with the Existing 2024 Notes, the “Existing Notes”) from the Eligible Holders (the “Tender Offer”), as further described in the tender offer memorandum dated March 18, 2024 (the “Tender Offer Memorandum”).
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The Settlement Date is expected to be March 28, 2024, provided that all conditions to the occurrence of the Settlement Date have been satisfied or waived. It is expected that the Company’s previously announced successful offering of €550 million 6.000% senior notes due 2029 and the Tender Offer (together, the “Transaction”) will settle simultaneously on the Settlement Date.
- Aggregate principal amount of Existing 2024 Notes tendered pursuant to the Tender Offer: €194,979,000
- Final aggregate principal amount of Existing 2024 Notes accepted for purchase by the Company: €194,979,000
- Aggregate principal amount of Existing 2024 Notes outstanding after the Settlement Date: €105,021,000
- Aggregate principal amount of Existing 2026 Notes tendered pursuant to the Tender Offer: €316,983,000
- Final aggregate principal amount of Existing 2026 Notes accepted for purchase by the Company: €316,983,000
- Aggregate principal amount of Existing 2026 Notes outstanding after the Settlement Date: €33,017,000
- Maximum Acceptance Amount: €511,962,000