Vodafone Announces Pricing of Tender Offer for 4.375% Notes
Why we think this is neutral
The RNS announcement provides details on Vodafone's tender offer for its outstanding 4.375% Notes due May 2028. This appears to be a routine debt management exercise, with no obvious positive or negative factors that would significantly impact the company's prospects or share price.
Key Points
- Vodafone is tendering for its outstanding 4.375% Notes due May 2028
- The tender offer will expire on February 11, 2025
- Settlement date is expected to be February 14, 2025
- Holders will receive $995.43 per $1,000 in principal amount, plus accrued interest
Summary
The telecom company has announced the pricing of a tender offer for its outstanding 4.375% Notes due May 2028, providing holders an opportunity to exit their positions.
Vodafone has announced the pricing of its tender offer to purchase any and all of its outstanding 4.375% Notes due May 2028, of which $575,122,000 is outstanding. The tender offer will expire on February 11, 2025, and the settlement date is expected to be February 14, 2025. Holders whose notes are accepted will receive the Purchase Price Consideration of $995.43 per $1,000 in principal amount, plus accrued interest.
Key Dates
February 11, 2025
General
Tender Offer Expiration Date
Impact Score: 5
February 14, 2025
General
Tender Offer Settlement Date
Impact Score: 4
GENERAL UPDATE