edp announcement

Early results and pricing of cash tender offer for outstanding $500,000,000 6.300 per cent. notes due 2027

Monday, 29 January 2024

Lisbon, January 29th, 2024:  EDP - Energias de Portugal, S.A. (“EDP”) provides the following information to the market and to the public in general:

EDP Servicios Financieros España, S.A.U. (the "Offeror"), a whole owned subsidiary of EDP, via its Spanish branch, announced today the early results of the previously announced cash tender offer for outstanding $500,000,000 6.300 per cent. Notes due 2027 (the "Securities") issued by EDP Finance B.V. (the "Offer") and the Total Consideration to be paid in connection with the Offer.

As of 26 January, 2024, the Early Tender Deadline, the aggregate principal amounts of the Securities had been validly tendered and not withdrawn is $366,878,000 (the “Early Tendered Securities”). The Reference Yield, Total Consideration, and Tender Offer Consideration can be observed in the document attached.

The Offeror will accept in full all Early Tendered Securities. 

The Early Settlement Date is expected to be January 31, 2024.

The Offer will expire at 5:00 p.m., New York City time, on February 12, 2024, unless extended or earlier terminated. In respect of all Securities validly tendered following the Early Tender Deadline but at or prior to the Expiration Date and accepted for purchase, the Final Settlement Date is expected to be February 14, 2024.

The Offer does not constitute an invitation to tender in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws.

The present information has been prepared pursuant to the terms and for the purposes of the established in article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.

 

EDP – Energias de Portugal, S.A.