illimity holders tender €147.34 million in offer for €150 million

Chicago, Dec. 7 – illimity Bank SpA announced the final results of its buyback offer for up to €150 million of its outstanding €300 million 3 3/8% senior notes due Dec. 11, 2023 (ISIN: XS2270143261) in a press release on Wednesday.

Noteholders tendered €147,336,000 of the notes by the expiration deadline, 11 a.m. ET on Dec. 6.

All of the tendered notes will be accepted for purchase, as the cap was not reached.

The cap was set after the bank priced €300 million of new fixed-rate senior preferred notes due 2025.

The bank was offering to purchase the 2023 notes for cash at par. Interest of €33.57 per €1,000 note is also being paid.

Settlement is expected for Dec. 9.

After settlement, there will be €152,664,000 of the notes remaining.

Goldman Sachs International (+44 20 7552 6157; liabilitymanagement.eu@gs.com) is dealer manager.

Kroll Issuer Services Ltd. is tender agent (+44 20 7704 0880; attn.: Thomas Choquet; illimity@is.kroll.com).

illimity Bank is an Italian digital bank based in Milan.

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