Atlas Copco AB - Tender Offer - Final Results Announcement

Atlas Copco AB

31/03/2025 12:55

RNS Number : 9572C

Atlas Copco AB

31 March 2025

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING, BUT NOT LIMITED TO, PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

Atlas Copco AB announces final results of tender offer for its €500,000,000 0.625 per cent. Notes due 30 August 2026

31 March 2025. Atlas Copco AB (the Company) announces the final results of its invitation to holders of the outstanding €500,000,000 0.625 per cent. Notes due 30 August 2026 (ISIN: XS1482736185) (the Notes), issued by the Company, to tender their Notes for purchase by the Company for cash subject to the satisfaction or waiver of the New Financing Condition and the other conditions described in the Tender Offer Memorandum (as defined below) (such invitation, the Offer). The Company announced the indicative results of the Offer earlier today.  

The Offer was announced on 24 March 2025 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 24 March 2025 (the Tender Offer Memorandum) prepared by the Company.

Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 5.00 p.m. (CET) on 28 March 2025.

As at the Expiration Deadline, €182,138,000 in aggregate nominal amount of Notes were validly tendered for purchase pursuant to the Offer.

The Company hereby informs Noteholders that it has decided to set the Final Acceptance Amount, subject to the satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date, at €182,138,000 in aggregate nominal amount of Notes.

Pricing for the Offer took place at or around 12.00 p.m. (CEST) today. A summary of the final pricing for, and results of, the Offer is set out below:

 

Final Acceptance Amount
Scaling Factor
Interpolated Mid-Swap Rate
Purchase Yield
Purchase Price
Accrued Interest
€182,138,000
Not Applicable (all valid tenders of Notes accepted in full)
2.178 per cent.
2.178 per cent.
97.863 per cent.
0.368 per cent.

Subject to the satisfaction or waiver of the New Financing Condition on or prior to such date, the Settlement Date in respect of the Notes accepted for purchase pursuant to the Offer is expected to be 2 April 2025.

Notes repurchased by the Company pursuant to the Offer will be immediately cancelled and will not be reissued or re-sold. Notes which have not been validly tendered and accepted for purchase pursuant to the Offer will remain outstanding.

Following the Settlement Date, €317,862,000 in aggregate nominal amount of the Notes will remain outstanding.

The Offer has now expired and no further Notes can be tendered for purchase.

 

The Dealer Managers
Citigroup Global Markets Europe AG
Skandinaviska Enskilda Banken AB (publ)
Börsenplatz 9
60313 Frankfurt am Main
Germany
Telephone: +44 20 7986 8969
 Email: liabilitymanagement.europe@citi.com
Attention: Liability Management Group
Kungsträdgårdsgatan
8106 40 Stockholm
Sweden
Telephone: +44 7818 426149
Email:liabilitymanagementdcm@seb.se
Attention: Liability Management

 

The Tender Agent
Citibank, N.A., London Branch
Citigroup Centre
Canada Square
London E14 5LB
United Kingdom
Telephone: +44 (0)20 7508 3867
Attention: Exchange Team
Email: citiexchanges@citi.com

This announcement is released by the Company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Daniel Althoff, Vice President: Investor Relations and Kenneth Lagerborg, Group Treasurer at the Company on 31 March 2025.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offers or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.  Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. 

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