Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
Helios Towers accepts tenders for $324.98 million 2025 notes
By Marisa Wong
Los Angeles, Oct. 16 – HTA Group, Ltd., an indirect wholly owned subsidiary of Helios Towers plc, announced the results of its Sept. 14 cash tender offer for up to $400 million principal amount of its $975 million outstanding 7% senior notes due 2025 (ISINs: XS2189784957, US40435WAB63).
As of the early tender time at 5 p.m. ET on Oct. 13, holders had tendered and the company has accepted for purchase $324,978,000 of the notes, according to a Thursday press release.
The early tender time was previously extended from 5 p.m. ET on Sept. 27 to coincide with the expiration of the offer. The offer has now expired, and no further notes can be tendered for purchase, the company said.
The issuer will pay $970 per $1,000 note, inclusive of a $30 early tender payment. The company will also pay accrued interest to the settlement date, which is Oct. 17.
After settlement, $650,022,000 of the notes will remain outstanding.
Funding for the tender offer is coming from a credit facility with Standard Bank of South Africa Ltd. as security agent and facility agent, completed in September, as previously noted.
J.P. Morgan Securities plc (em_europe_lm@jpmorgan.com), Standard Bank of South Africa Ltd. (LiabilityManagement@standardsbg.com) and Standard Chartered Bank (liability_management@sc.com) are the dealer managers for the tender offer.
Morrow Sodali Ltd. (+44 20 4513 6933, +852 2319 4130, 203 609-4910, HTA@investor.morrowsodali.com) is the information and tender agent.
Helios is a London-based telecommunications company serving customers in Africa.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.