Helios Towers offers to buy up to $400 million of 7% notes due 2025

Chicago, Sept. 14 – HTA Group, Ltd., an indirect wholly owned subsidiary of Helios Towers plc, started a cash tender offer for up to $400 million principal amount of its 7% senior notes due 2025 (ISINs: XS2189784957, US40435WAB63), according to an announcement.

Currently, $975 million of the notes are outstanding.

The issuer is offering $970 per $1,000 note, inclusive of a $30 early tender payment that will be only made to noteholders who tender by the early deadline. The company will also pay accrued interest to the settlement date.

Tenders may be subject to proration.

The early tender deadline and withdrawal deadline are 5 p.m. ET on Sept. 27.

The offer will expire at 5 p.m. ET on Oct. 13.

Settlement is planned for Oct. 17.

Funding for the tender offer is coming from a credit facility with Standard Bank of South Africa Ltd. as security agent and facility agent. The credit facility includes a $120 million revolver and a $600 million five-year term loan. Proceeds from the credit facility will also be used for general corporate purposes.

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

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

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