Worldline Initiates Repurchase of 2026 OCEANE Bonds

Worldline, a global leader in payment services, has announced a repurchase invitation for its outstanding bonds due July 2026. This initiative, via a reverse bookbuilding, aims to address existing convertible and exchangeable bonds. The target amount is €550 million, matching the recent placement of a €550 million bond due in 2030.

As of June 3, 2025, €746 million in principal amount of the 2026 OCEANEs remains. The repurchase price is set to be at least €98.40 per bond, determined through a modified Dutch auction procedure. Results of the process are expected soon, with the settlement scheduled for June 11, 2025.

Worldline retains the option to repurchase less than the targeted amount. The company intends to use the net proceeds for general corporate purposes and possibly refinancing its existing debt. This move aligns with Worldline’s ongoing financial strategies.