Gap Inc. Announces Early Tender Results of Cash Tender Offers and Consent Solicitations for Any and All of its Senior Secured Notes - Seite 2

 

 

 

 

8.625% Senior Secured
Notes due 2025

 

364760 AM0
(144A)

U36547 AD6
(Reg S)

 

$750,000,000

 

$683,366,000

 

$1,092.50

 

 

 

 

 

 

 

 

 

8.875% Senior Secured Notes due 2027

 

364760 AN8
(144A)

U36547 AE4
(Reg S)

 

$1,000,000,000

 

$904,583,000

 

$1,165.00

____________

(1) Reflects total consideration per $1,000 principal amount of Notes. Does not include accrued but unpaid interest, which will also be payable as provided in the Offer to Purchase.

(2) Includes the Early Tender Premium (as defined below).

 

The early settlement date for Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase will be September 27, 2021 (the “Early Settlement Date”), subject to the satisfaction or waiver of all conditions to the Tender Offers and Consent Solicitations described in the Offer to Purchase.

Holders of Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Time and have been accepted for purchase pursuant to the applicable Tender Offer will receive the applicable Total Consideration for such series of Notes as set forth in the table above, which includes the early tender premium of $30 per $1,000 principal amount of Notes (the “Early Tender Premium”), together with accrued but unpaid interest on such Notes from the last interest payment date with respect to such Notes to, but not including, the Early Settlement Date. The Tender Offers and Consent Solicitations will expire at 11:59 p.m., New York City time, on October 8, 2021, unless extended or terminated by the Company.