Vodafone Group Plc has announced the launch of its offers to purchase for cash in three concurrent, but separate offers, including any and all of its outstanding 4.125% Notes due May 2025, up to $440,000,000 aggregate principal amount of its 6.150% Notes due February 2037, and up to $730,000,000 aggregate principal amount of its 4.375% Notes due February 2043. The purpose of the Offers, the Concurrent Euro Tender Offers, and the issuance of the New Notes is to proactively manage the Company's outstanding debt portfolio.
The offers to purchase each series of Notes are referred to as an "Offer," and the offers to purchase the Notes as the "Offers." The offer to purchase the Any and All Notes is referred to as the "Any and All Tender Offer," and the offers to purchase the Maximum Tender Offer Notes are referred to as the "Maximum Tender Offers." Holders are advised to read carefully the Tender Offer Documents for full details of, and information on the procedures for participating in, the Offers. All documentation relating to the Offers, including the Tender Offer Documents, together with any updates, are available on the company's website.
The Offers, the Concurrent Euro Tender Offers, and the issuance of the New Notes are being undertaken to proactively manage the Company's outstanding debt portfolio. Concurrently with the launch of the Offers, the Company has commenced cash tender offers to purchase any and all of its outstanding €1,000,000,000 1.875% Notes due 2025, €1,000,000,000 1.125% Notes due 2025, and €1,750,000,000 2.2% Notes due 2026, of which a total of €3,750,000,000 is outstanding. All Notes accepted in the Offers will be cancelled and retired by the Company.