Vodafone Group Plc has announced the early results of its capped tender offers for certain U.S. dollar and euro-denominated notes due 2028 to 2031. The company closed the offering of €600,000,000 3.375% Notes due 2033 on August 1, 2024, and the proceeds from this, along with existing cash balances, are expected to fund the offers. The financing condition has been satisfied with respect to the offers.
The aggregate principal amount of notes validly tendered and not validly withdrawn in the offers at or prior to 5:00 p.m., New York City time, on August 9, 2024, has been reported. The early settlement date is expected to occur on the third business day after the early tender time, on August 14, 2024. Holders whose notes are accepted for purchase will receive the total consideration, together with an amount equal to the accrued interest thereon.
The total consideration for each series of notes accepted for purchase will be determined at or around 10:00 a.m., New York City time, on August 12, 2024, and the amount of a series of notes that will be purchased in the offers will be based on the acceptance priority levels. All pool 1 notes and pool 2 notes validly tendered and not validly withdrawn at or prior to the early tender time having a higher acceptance priority level will be accepted before any tendered notes within such pool having a lower acceptance priority level.