Crédit Agricole S.A. Announces Final Results of its Tender Offers for USD Senior Preferred Notes and Indicative Results of its Tender Offers for EURGBP Senior Preferred Notes - Seite 2

22532LAM6 (144A)/ 22532MAM4 (Reg S)
ISIN:
US22532LAM63 (144A)/ US22532MAM47 (Reg S)

  USD1,250,000,000 USD306,810,000 USD943,190,000 USD1,100.03 USD 2.375% Senior Preferred Notes due 2025 CUSIP:
22534PAA1 (144A)/ 22535EAA5 (Reg S)
ISIN:
US22534PAA12 (144A)/ US22535EAA55 (Reg S)

  USD1,000,000,000 USD528,239,000 USD471,761,000 USD1,049.76 USD Senior Unsecured Floating Rate Notes due 2021 CUSIP:
22532LAS3 (144A)/ 22532MAS1 (Reg S)
ISIN:
US22532LAS34 (144A)/ US22532MAS17 (Reg S)

  USD400,000,000 USD212,537,000 USD187,463,000 USD1,012.75

⁽¹⁾ Includes USD4,354,000 aggregate principal amount of USD Notes tendered pursuant to the Guaranteed Delivery Procedures.
⁽²⁾ Per USD1,000, in principal amount of Notes purchased pursuant to the US Offers.  In addition to the Offer Price, Holders that tender Fixed Rate Notes that are accepted for purchase will also receive a cash payment representing the accrued and unpaid interest from, and including, the last interest payment date to, but excluding, the US Offer Settlement Date (as defined herein) (the “Accrued Interest”).

Payment of the consideration for the USD Notes that are accepted for purchase is expected to be made on 5 June 2020 (the “US Offer Settlement Date”) (or, in the case of Notes tendered pursuant to the Guaranteed Delivery Procedures, 8 June 2020), on which date the Company will deposit with DTC the amount of cash necessary to pay the aggregate Offer Price plus Accrued Interest in respect of the USD Notes accepted for purchase in the US Offers.

For further details about the terms and conditions of the US Offers, please refer to the Offer to Purchase. Capitalized terms used in this announcement with respect to the US Offers but not defined herein have the meanings given to them in the Offer to Purchase.

The EUR/GBP Offers

The EUR/GBP Offers were made on the terms and subject to the conditions set forth in the Tender Offer Memorandum dated 28 May 2020 (the “Tender Offer Memorandum”).

The EUR/GBP Offers expired at 4:00 p.m., Central European Summer time, on 3 June 2020 (the “EUR/GBP Offer Expiration Date”).

Table 2 below set forth information with respect to the aggregate principal amount of each Series of EUR/GBP Notes validly tendered at or prior to the EUR/GBP Offer Expiration Date. Such information, based on initial tabulations of tenders received, are indicative and non-binding results which remain subject to confirmation by the Company, in its sole and absolute discretion.  Based on the indicative results, the aggregate amount of EUR/GBP Notes tendered at or prior to the EUR/GBP Offer Expiration Date is EUR1,927,866,233 (or equivalent). Therefore, the Maximum Tender Amount is not expected to be exceeded and pro-rationing is not expected to be required.