Adecco Intl Financial Services B.V. Tender Offer - Final Results Announcement (8939V)
06 Dicembre 2023 - 11:51AM
UK Regulatory
TIDM65KV
RNS Number : 8939V
Adecco Intl Financial Services B.V.
06 December 2023
Adecco International Financial Services B.V. announces Results
and Pricing of Tender Offer for its
EUR500,000,000 1.000 per cent. Notes due 2 December 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO
ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS
TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT
OF COLUMBIA OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON
WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE
THIS ANNOUNCEMENT
6 December 2023 . Adecco International Financial Services B.V.
(the Company) announces today the results and pricing of its
invitation to holders of its outstanding EUR500,000,000 1.000 per
cent. Notes due 2 December 2024 (ISIN: XS1527526799) (the Notes)
(such Notes being guaranteed by Adecco Group AG), to tender their
Notes for purchase by the Company for cash (such invitation the
Offer).
The Offer was announced on 28 November 2023, and was made on the
terms and subject to the conditions contained in the tender offer
memorandum dated 28 November 2023 (the Tender Offer Memorandum)
prepared by the Company. Capitalised terms used in this
announcement but not defined have the meanings given to them in the
Tender Offer Memorandum. An indicative results announcement was
made earlier today (the Indicative Results Announcement).
The Expiration Deadline for the Offer was 5.00 p.m. (CET) on 5
December 2023.
As announced in the Indicative Results Announcement, the Company
has received valid tenders of EUR69,647,000 in aggregate nominal
amount of the Notes for purchase pursuant to the Offer. The Company
announces that it has decided to set the Final Acceptance Amount at
EUR 69,647,000 in aggregate nominal amount of the Notes and,
accordingly, that it will accept for purchase all validly tendered
Notes in full, with no pro rata scaling.
Pricing for the Offer took place at or around 11.00 a.m. (CET)
today (the Pricing Time).
A summary of the final results and pricing of the Offer appears
below:
1 Year
Description ISIN/ Common Final Acceptance Mid-Swap Purchase Purchase Scaling
of the Notes Code Amount Rate Yield Price Factor
---------------- ------------- ----------------- ---------- ---------- ----------- ---------------
EUR500,000,000 XS1527526799 EUR 69,647,000 3.648 per 3.448 per 97.671 Not Applicable
1.000 per / 152752679 cent. cent. per cent.
cent. Notes
due 2 December
2024
The Settlement Date in respect of those Notes accepted for
purchase is expected to be 8 December 2023. As well as the Purchase
Price, the Company will also pay an Accrued Interest Payment in
respect of Notes accepted for purchase pursuant to the Offer, as
further described in the Tender Offer Memorandum.
The Company intends to cancel all Notes it purchases pursuant to
the Offer. Following settlement of the Offer, EUR430,353,000 in
aggregate nominal amount of the Notes will remain outstanding.
Barclays Bank Ireland PLC (Telephone: +44 20 3134 8515;
Attention: Liability Management Group; Email: eu.lm@barclays.com)
and Standard Chartered Bank AG (Telephone: +44 20 7885 5739 / +852
3983 8658 / +65 6557 8286; Attention: Liability Management Group;
Email: liability_management@sc.com ) are acting as Dealer Managers
for the Offer and Kroll Issuer Services Limited (Telephone: +44 20
7704 0880; Attention: Jacek Kusion; Email: adecco@is.kroll.com;
Offer Website: https://deals.is.kroll.com/adecco ) is acting as
Tender Agent.
Further details relating to the contents of this announcement
can be obtained from:
Benita Barretto
Group SVP Investor Relations
Email: Benita.Barretto@adeccogroup.com
LEI Number (Adecco International Financial Services B.V.):
549300PDNGPM4PIAUK57
DISCLAIMER This announcement must be read in conjunction with
the Tender Offer Memorandum. No offer or invitation to acquire any
securities is being made pursuant to this announcement. The
distribution of this announcement and the Tender Offer Memorandum
in certain jurisdictions may be restricted by law. Persons into
whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Company, the Dealer
Managers and the Tender Agent to inform themselves about, and to
observe, any such restrictions.
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END
RTEUNSRROWUURAA
(END) Dow Jones Newswires
December 06, 2023 05:51 ET (10:51 GMT)
Grafico Azioni Adecco Int 29 (LSE:65KV)
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