Euronext Tender Offer for All Outstanding €600M 2026 Bonds

Euronext announced a cash tender offer to holders of its outstanding €600,000,000 0.125 per cent. Bonds due 2026 (ISIN: DK0030485271) to purchase any and all of these bonds. Currently, the full aggregate principal amount of €600 million remains outstanding.

The primary goal of this offer is to proactively and efficiently manage Euronext’s overall debt maturity profile. Simultaneously, Euronext announced its intention to issue a new series of euro-denominated fixed rate bonds (the “New Bonds”), subject to market conditions.

Holders who choose to participate in the offer can sell their current bonds and may also apply for priority in the allocation of the New Bonds.

Euronext Tender Offer for All Outstanding €600M 2026 Bonds

Subject to the satisfaction or waiver of the New Issue Condition (the successful completion of the New Bonds issuance), Euronext will pay a fixed cash purchase price for the accepted bonds. This Purchase Price is here at 99.05 per cent. of the principal amount of the bonds, in addition to an Accrued Interest Payment up to the settlement date.

Euronext stated that if the New Issue Condition is met and the company decides to accept tenders, it will accept all validly tendered bonds, meaning there will be no scaling of any tenders for purchase. Euronext will cancel and will not reissue or resell any bonds it purchases.

The company has clarified that whether it purchases any tendered bonds is subject to the successful completion of the New Bonds issuance, at Euronext’s sole determination. Furthermore, even if it satisfies this condition, the company retains the sole and absolute discretion to finally accept the bonds. For bonds not purchased through the offer, Euronext intends to redeem them on their scheduled maturity date.

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