EBN Finance Company Announces Tender Offer Results
Why we think this is neutral
The RNS announcement details the results of a tender offer for the company's outstanding notes, which does not fall under the mandatory news types that require further in-depth analysis. The announcement provides the necessary details about the tender offer outcome without making any significant positive or negative statements.
Key Points
- Tender Offer for U.S.$300,000,000 7.125% Senior Note Participation Notes due 2026
- Issuer accepted for purchase Notes validly tendered up to the Maximum Acceptance Amount
- Proration factor of 62.9910% applied
- Early Consent Fee to be paid for certain Notes
Summary
The company has announced the results of a tender offer for its outstanding notes, providing details on the acceptance levels and settlement terms.
EBN Finance Company B.V. and Ecobank Nigeria Limited have announced the results of the tender offer and consent solicitation for the outstanding U.S.$300,000,000 7.125% Senior Note Participation Notes due 2026. The Issuer accepted for purchase Notes validly tendered up to the Maximum Acceptance Amount, with a proration factor of 62.9910%. The Issuer will also pay the Early Consent Fee for certain Notes.
Based on the provided document title and category, the document type is GENERAL UPDATE.