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Repsol accepts tenders for €229.02 million securities due 2075
By Marisa Wong
Los Angeles, Jan. 27 – Repsol International Finance BV announced the final results of its Jan. 20 invitation to holders of its outstanding €1 billion 10-year non-call securities due 2075 (ISIN: XS1207058733) guaranteed, on a subordinated basis, by parent company Repsol, SA to tender their securities for purchase for cash.
Repsol will accept for purchase the €229.015 million of securities tendered by the 11 a.m. ET on Jan. 26 expiration deadline. All tendered securities will be accepted in full with no proration.
The company had offered to purchase up to €325 million aggregate principal amount of the securities at 98.7, plus accrued interest.
Accrued interest will be in the amount of €38.34 per €1,000 principal amount, according to the company’s announcement on Friday.
Settlement is slated for Jan. 30.
BofA Securities Europe SA (+33 1 87 70 10 57; DG.LM-EMEA@bofa.com) and Barclays Bank Ireland plc (+44 20 3134 8515; eu.lm@barclays.com) are the dealer managers.
Kroll Issuer Services Ltd. (+44 20 7704 0880; attn.: David Shilson; repsol@is.kroll.com; https://deals.is.kroll.com/repsol) is the tender agent.
Repsol is a Spanish energy and petrochemical company based in Madrid.
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