Worldline accepts €385.6 million tendered 2024 bonds from two series

By Marisa Wong

Los Angeles, May 17 – Worldline SA announced results of its May 10 tender offer to repurchase for cash its €600 million 1.625% series A bonds due September 2024 (ISIN: FR0013281946) issued in 2017 and its €500 million 0.25% series B bonds due September 2024 (ISIN: FR0013448032) issued in 2019.

Worldline received tenders for and accepted for purchase €385.6 million of bonds, according to a Wednesday press release.

The amount tendered is split as follows:

• €245.3 million of the series A bonds at a purchase price of 97.656 plus accrued interest, leaving €354.7 million outstanding after cancellation of the repurchased bonds; and

• €140.3 million of the series B bonds at a purchase price of 95.891 plus accrued interest, leaving €359.7 million outstanding after cancellation of the repurchased bonds.

Worldline had offered to purchase up to €300 million aggregate nominal amount of bonds but said it could increase or decrease and allocate that maximum acceptance amount between each series of bonds at its discretion.

The offer expired at 11 a.m. ET on May 16.

Settlement will be on May 22.

HSBC and Natixis acted as dealer managers.

The company said it is carrying out the tender offer to proactively manage its debt profile.

Worldline is a Paris-based payment services company.

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