Tele2 AB announces tender offer regarding outstanding EUR notes
Stockholm - Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) has today announced an invitation to holders of the EUR 500,000,000 1.125 percent. Fixed Rate Notes due 2024 (ISIN: XS1907150350) (the “Notes”) to tender their Notes for purchase by Tele2 for cash (the "Tender Offer").
The Notes will be repurchased subject to the satisfaction or waiver of the New Financing Condition (as defined in the Tender Offer Memorandum) and the other terms and conditions described in the Tender Offer Memorandum dated 9 May 2023 (the "Tender Offer Memorandum").
Tele2 also announced today its intention to issue new euro-denominated fixed rate notes (the “New Notes”) guaranteed by Tele2 Sverige AB, under the €5,000,000,000 Euro Medium Term Note Programme (the “Programme”), subject to market conditions.
The Tender Offer expires at 17:00 CEST on 16 May 2023 and settlement is expected to occur on 22 May 2023. Further details of the Tender Offer, the pricing and the timeline is available in the launch announcement via Luxembourg Stock Exchange and the Tender Offer Memorandum is available via the tender agent (https://deals.is.kroll.com/Tele2).
For more information, please contact:
Fredrik Hallstan, Head of External Communications Phone: +46 761 15 38 30
Stefan Billing, Head of Investor Relations, Phone: +46 701 66 33 10
About Tele2
Tele2’s purpose is to enable a society of unlimited possibilities. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today our networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2022, Tele2 generated revenue of SEK 28 billion and reported an underlying EBITDAaL of SEK 10 billion. For latest news and definitions of measures, please see our homepage www.tele2.com