REG - Helios Towers PLC - Results of convertible bond tender

Helios TowersAnnouncement

01/10/2025 07:00

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RNS Number : 5106B  Helios Towers PLC  01 October 2025

THIS PRESS RELEASE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO,
OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, THE UNITED
STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT
IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

HTA Group, Ltd announces repurchase of USD 120,000,000 in aggregate principal
amount of its existing USD 300,000,000 Guaranteed Senior Unsecured Convertible
Bonds due 2027

HTA Group, Ltd (the "Purchaser"), a wholly owned subsidiary of Helios Towers
plc, the independent telecommunications infrastructure company ("Helios
Towers" or the "Company"), announces the final results of the invitation, on
the terms and conditions set out below, to the Eligible Bondholders (as
defined below) of its existing USD 300,000,000 Guaranteed Senior Unsecured
Convertible Bonds due 2027 with ISIN code: XS2317281710 (the "Bonds") to offer
to sell any and all of their Bonds to the Purchaser for cash at the Repurchase
Price (as defined below) in an aggregate principal amount up to USD
120,000,000 by way of a reverse bookbuilding process (the "Invitation").

The Purchaser announces the repurchase of USD 120,000,000 in aggregate
principal amount of the Bonds, which represents 40% of the remaining
outstanding aggregate principal amount of the Bonds. Eligible Bondholders will
receive an amount in cash per USD 200,000 in principal amount of Bonds equal
to USD 198,250 (the "Repurchase Price"), plus accrued and unpaid interest on
those Bonds accepted for purchase from and including 18 September 2025 to but
excluding the Settlement Date, which on the basis of the expected Settlement
Date will amount to USD 351.39 per USD 200,000 in principal amount of the
Bonds.

Settlement of the repurchases pursuant to the Invitation is expected to occur
on or around Friday, 10 October 2025 (the "Settlement Date") following which,
as permitted by the terms and conditions of the Bonds, the Purchaser aims to
surrender the Bonds for cancellation. Following cancellation of the Bonds
repurchased by the Purchaser pursuant to the Invitation, the remaining
outstanding Bonds will represent an aggregate principal amount of USD
180,000,000.

Jefferies International Limited acted as Dealer Manager for the Invitation.

This announcement is released by Helios Towers plc and contains information in
relation to the Bonds that qualified or may have qualified as inside
information for the purposes of Article 7 of Regulation (EU) No 596/2014 as
amended and as it forms part of United Kingdom domestic law ("UK MAR"). For
the purposes of UK MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055 as it forms part of United Kingdom domestic law, this
announcement is made by Manjit Dhillon, Helios Towers plc.

For further information please contact:

 

 Helios Towers plc

 Manjit Dhillon, CFO                                                  +44 7767 237010

 Chris Baker-Sams, Head of Strategic Finance and Investor Relations   +44 782 511 2288

 Jefferies International Limited                                      +44 20 7029 8000

 Dealer Manager

 Harry Le May / Dominik Gansloser / Patrick Kindler

 Headland                                                             +44 796 899 7365

 Media Relations

 Andy Rivett-Carnac / Stephanie Ellis / Joe Hughes

 

IMPORTANT INFORMATION

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF
AN OFFER TO SELL BONDS AND TENDERS OF BONDS FOR PURCHASE PURSUANT TO THE
INVITATION WILL NOT BE ACCEPTED FROM HOLDERS OF BONDS IN ANY CIRCUMSTANCES IN
WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. IN THOSE JURISDICTIONS WHERE THE
SECURITIES, BLUE SKY OR OTHER LAWS REQUIRE THE INVITATION TO BE MADE BY A
LICENSED BROKER OR DEALER AND THE DEALER MANAGER OR ANY OF THEIR RESPECTIVE
AFFILIATES ARE SUCH A LICENSED BROKER OR DEALER IN ANY SUCH JURISDICTION, THE
INVITATION SHALL BE DEEMED TO BE MADE BY SUCH DEALER MANAGER OR SUCH
AFFILIATE, AS THE CASE MAY BE, ON BEHALF OF THE PURCHASER IN SUCH
JURISDICTION. THE INVITATION HAS NOW EXPIRED.

 

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