NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA
Orange S.A. announces today the results of a tender offer launched on March 27, 2024 (the Tender Offer) to repurchase part of two Series of outstanding undated non-call deeply subordinated fixed to reset rate notes, as follows:
- In respect of its €1 billion Undated 6 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes with first reset date on 15 April 2025 and admitted to trading on Euronext Paris (ISIN FR0013413887) (the NC 2025 Existing Notes);
a. the aggregate principal amount validly tendered is €647,400,000;
b. the NC 2025 Existing Notes Series Acceptance Amount is €549,700,000;
c. the NC 2025 Existing Notes Tender Price is 98.60%;
d. the remaining outstanding principal amount of the NC 2025 Existing Notes following the settlement of the Tender Offer will be €450,300,000; - In respect of its €1.25 billion Undated 12 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes with first reset date on 1st October 2026 and admitted to trading on Euronext Paris (ISIN XS1115498260) (the NC 2026 Existing Notes),
a. the aggregate principal amount validly tendered is €444,619,000;
b. the NC 2026 Existing Notes Series Acceptance Amount is €150,000,000;
c. the NC 2026 Existing Notes Tender Price is 418%;
d. the remaining outstanding principal amount of the NC 2026 Existing Notes following the settlement of the Tender Offer will be €1,100,000,000.
The settlement of the Tender Offer is expected to occur the 10 April 2024.
