ISS Global begins quick tender offer for some 2.125% notes due 2024

Chicago, Dec. 6 – ISS Global A/S started a tender offer for up to €200 million of its €500 million outstanding 2.125% notes due Dec. 2, 2024 (ISIN: XS1145526825), according to an announcement.

The notes will be repurchased using a yield of negative 10 basis points.

The hypothetical consideration, using the Sept. 2, 2024 first optional par call date if the offer settles on Dec. 16, is €1,060.48 per €1,000 note.

Interest will also be paid to the settlement date.

Tender instructions are irrevocable.

Accepted notes may be subject to proration.

The offer expires at 11 a.m. ET on Dec. 10.

Pricing will be announced at around 4:30 a.m. ET on Dec. 13.

The offer is expected to settle on Dec. 16.

Barclays Bank Ireland plc (+44 20 3134 8515, eu.lm@barclays.com) and DNB Markets, part of DNB Bank ASA, (+47 23 26 81 01, liability.management@dnb.no) are the dealer managers.

Lucid Issuer Services Ltd. (+44 20 7704 0880, iss@lucid-is.com) is the tender agent.

The workplace and facility management company is based in Denmark.

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