REG - Airtel Africa PLC - Settlement of Cash Tender Offer

Airtel AfricaAnnouncement

08/07/2022 07:00

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RNS Number : 7701R  Airtel Africa PLC  08 July 2022

 

Airtel Africa plc

 

('Airtel Africa', or the 'Group')

 

Settlement of Cash Tender Offer in respect of Outstanding Senior Notes

 

 

 

London and Lagos, 8 July 2022: Further to our announcement of 22 June 2022,
Airtel Africa, a leading provider of telecommunications and mobile money
services, with a presence in 14 countries across Africa, today confirms the
settlement of the previously announced cash tender offer to redeem up to $450m
of the $1 billion of 5.35% Guaranteed Senior Notes due 2024 ('Notes') by its
subsidiary, Bharti Airtel International (Netherlands) B.V., ('BAIN').

 

An aggregate principal amount of $450m of Notes have been accepted for
purchase for a total of $462.6m. All Notes accepted for purchase have been
cancelled ahead of their maturity in May 2024. The original cap on the
redemption of $300m, as mentioned in the release of 22 June, was increased on
6 July 2022 as BAIN, in its sole discretion, decided to achieve a larger debt
reduction through the use of cash resources.

 

This early redemption has been made out of the Group's cash reserves and is in
line with our strategy of reduction of external foreign currency debt at Group
level.

 

-ENDS-

 

Enquiries

 

 Airtel Africa - Investor Relations

 Pier Falcione                                                            +44 7446 858 280

 Morten Singleton                                                         +44 7464 830 011

 Investor.relations@africa.airtel.com                                     +44 207 493 9315
 (mailto:Investor.relations@africa.airtel.com)

 Hudson Sandler

 Nick Lyon

 Emily Dillon

 airtelafrica@hudsonsandler.com (mailto:airtelafrica@hudsonsandler.com)   +44 207 796 4133

 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money
services, with a presence in 14 countries in Africa, primarily in East Africa
and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to
its subscribers, including mobile voice and data services as well as mobile
money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer
experience through streamlined customer journeys.

www.airtel.africa (http://www.airtel.africa)

No offer or invitation to acquire or exchange any Notes is being made pursuant
to this announcement. This announcement and any related documents do not
constitute an offer to buy or the solicitation of an offer to sell securities
in any circumstances or jurisdictions in which such offer or solicitation is
unlawful.

 

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