Helios Towers accepts tenders for $324.98 million 2025 notes

By Marisa Wong

Los Angeles, Oct. 16 – HTA Group, Ltd., an indirect wholly owned subsidiary of Helios Towers plc, announced the results of its Sept. 14 cash tender offer for up to $400 million principal amount of its $975 million outstanding 7% senior notes due 2025 (ISINs: XS2189784957, US40435WAB63).

As of the early tender time at 5 p.m. ET on Oct. 13, holders had tendered and the company has accepted for purchase $324,978,000 of the notes, according to a Thursday press release.

The early tender time was previously extended from 5 p.m. ET on Sept. 27 to coincide with the expiration of the offer. The offer has now expired, and no further notes can be tendered for purchase, the company said.

The issuer will pay $970 per $1,000 note, inclusive of a $30 early tender payment. The company will also pay accrued interest to the settlement date, which is Oct. 17.

After settlement, $650,022,000 of the notes will remain outstanding.

Funding for the tender offer is coming from a credit facility with Standard Bank of South Africa Ltd. as security agent and facility agent, completed in September, as previously noted.

J.P. Morgan Securities plc (em_europe_lm@jpmorgan.com), Standard Bank of South Africa Ltd. (LiabilityManagement@standardsbg.com) and Standard Chartered Bank (liability_management@sc.com) are the dealer managers for the tender offer.

Morrow Sodali Ltd. (+44 20 4513 6933, +852 2319 4130, 203 609-4910, HTA@investor.morrowsodali.com) is the information and tender agent.

Helios is a London-based telecommunications company serving customers in Africa.

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