LONDON - LSEGA Financing plc, part of the London Stock Exchange Group (LON:LSEG), has announced the early results of its tender offer for $1.25 billion of its 2.500% notes due 2031. As of the early tender deadline on November 27, 2024, note holders tendered $611.73 million in principal amount of the notes, surpassing the maximum acceptance amount of $250 million set by the company.
The offer, detailed in the Offer to Purchase dated November 14, 2024, will not accept any notes tendered after the early deadline due to oversubscription. The company will purchase the notes on a prorated basis, with a scaling factor of approximately 39.73%. The principal amount of the notes outstanding after acceptance will be $1 billion.
The early settlement date for the tendered notes is expected to be December 3, 2024. Noteholders whose notes are accepted for purchase will also receive accrued interest. The final results, including the reference yield, early tender offer consideration, and tender offer consideration, will be announced following the price determination date, which was set for 10:00 a.m. New York City time on November 29, 2024.
The tender offer will expire on December 13, 2024, unless extended by LSEGA Financing plc. Noteholders were advised to read the Offer to Purchase carefully for complete details and instructions on participating in the offer.
The dealer managers for the tender offer are BNP PARIBAS and Merrill Lynch International, with Global Bondholder Services Corporation acting as the information agent and depositary agent.
This announcement is based on a press release statement and does not constitute an offer to purchase or a solicitation of an offer to sell securities. The offer is made only by the terms of the Offer to Purchase and is not being made to, nor will any tender of notes be accepted from or on behalf of, holders in any jurisdiction in which the making of the offer or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction.
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