B&M European Value Retail S.A. has announced a cash offer to purchase its outstanding £400 million 3.625% Senior Secured Notes due 2025. The offer is subject to the satisfaction of the New Financing Condition and other terms and conditions set out in the tender offer memorandum. The Maximum Acceptance Amount will be determined by the Offeror at its sole discretion and is expected to be equal to the aggregate principal amount of the New Notes. The settlement of the Tender Offer is conditioned upon the satisfaction of certain conditions, including the New Financing Condition. The Offeror also announced its intention to offer new sterling denominated senior secured notes due 2030 in aggregate principal amount of £250 million. The purpose of the Tender Offer and the issuance of New Notes is to improve the company's overall debt maturity profile. Existing Notes purchased by the Offeror will be cancelled and will not be re-issued or re-sold. The Maximum Acceptance Amount and the Purchase Consideration will be determined by the Offeror at its sole discretion. The settlement of the Tender Offer is expected to occur on or around the Settlement Date.