REG - Atlas Copco AB - Tender Offer - Final Results Announcement

Atlas Copco ABAnnouncement

31/03/2025 13:00

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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                               Kungsträdgårdsgatan

 60313 Frankfurt am Main                      8106 40 Stockholm

 Germany                                      Sweden

 Telephone: +44 20 7986 8969                  Telephone: +44 7818 426149

Email: liabilitymanagement.europe@citi.com

                                            Email: liabilitymanagementdcm@seb.se
 Attention: Liability Management Group

                                              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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