on TOTALENERGIES (EPA:TTE)
TotalEnergies announces the repurchase of its super subordinated bonds
TotalEnergies SE announced on November 12, 2024 that it was inviting qualified holders of its Undated Super Subordinated Notes to tender their bonds for repurchase. These bonds, issued on February 26, 2015, amount to €2.5 billion. The transaction is part of a strategy of proactive management of the company's hybrid securities portfolio.
The maximum acceptance amount for the buyback is set at 2.5 billion euros. The company has complete discretion to accept or not the bonds presented. This initiative is accompanied by an issue of new bonds, intended to strengthen its financial management.
The offer is subject to legal conditions and exclusions, in particular in the United States, where it is not accessible. TotalEnergies continues to optimize its financing structure through this strategic transaction.
R. H.
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