on TOTALENERGIES (EPA:TTE)
TotalEnergies Concludes Tender Offer for Subordinated Notes
TotalEnergies SE has announced the final results of its tender offer for its €2.5 billion Undated Deeply Subordinated Fixed Rate Resettable Notes. These notes, initially issued on 26 February 2015, have a first call date set for 26 February 2025.
The tender offer, launched on 12 November 2024, allowed noteholders to tender their securities for cash purchase by the company. By the expiration on 19 November 2024, TotalEnergies accepted valid tenders totaling €1.42 billion in nominal amount.
The settlement date for the purchased notes is expected to be 22 November 2024. Post-settlement, €1.08 billion of the notes will remain outstanding. The tender offer was conducted under the terms of a memorandum issued by the company, and was restricted in certain jurisdictions, including the United States and France.
R. H.
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