Worldline: launches offer to buy back OCEANE bonds

(CercleFinance.com) - Worldline today announced the launch of a cash buyback offer for its bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) due July 2025 and July 2026, as part of a reverse order book construction procedure.


On 21 November, Worldline successfully placed a bond issue maturing in 2029 for E500m issued as part of its EMTN program.

The net proceeds of the Bond issue will be used by Worldline to finance its general corporate purposes, which may include, in whole or in part, the refinancing of its existing indebtedness including the outstanding OCEANEs 2025 and OCEANEs 2026.

Worldline today announces the launch of a cash tender offer for its bonds convertible into new shares and/or exchangeable for existing shares outstanding and maturing on 30 July 2025 (the "OCEANEs 2025") and its bonds convertible into new shares and/or exchangeable for existing shares outstanding and maturing on 30 July 2026 (the "OCEANEs 2026"), together with the OCEANEs 2025, the 'Existing OCEANEs') for a target of around E250m, as part of a reverse order book procedure to collect irrevocable orders from bondholders wishing to sell their Existing OCEANEs.

The unit repurchase price will be at least 116.50 euros per OCEANE 2025 and E96.25 per OCEANE 2026. It will be determined by Worldline in accordance with a modified Dutch auction procedure.


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