Avolta/Dufry One starts tender offer for 2½% notes due 2024

Chicago, April 8 – Avolta subsidiary Dufry One BV started a tender offer for up to €500 million principal amount of its €800 million of 2½% senior notes due 2024 (ISIN: XS1699848914), according to a Monday announcement.

The company is offering a purchase price of 99.35. Accrued interest will also be paid.

Tenders may be prorated.

Tender instructions are irrevocable and are due by 11 a.m. ET on April 15.

Results will be announced on April 16 and the offer will settle on April 19.

The offer is subject to a new financing condition. Noteholders are welcome to subscribe to the new euro-denominated notes offering. Priority allocation may be given in the new notes offering to tendering noteholders.

BofA Securities Europe SA is the dealer manager (+33 1 877 01057, DG.LM_EMEA@bofa.com).

Kroll Issuer Services Ltd. is the tender and information agent (+44 20 7704 0880, dufry@is.kroll.com).

Avolta, a Basel, Switzerland-based retail services provider for travelers, formerly known as Dufry Group.

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