URW launches tender offer on hybrid notes and plans new Euro-denominated notes

From GlobeNewswire: 2025-03-26 03:47:00

URW has announced a tender offer on its hybrid notes and a new issue of Euro-denominated hybrid notes. The group intends to purchase its NC2028 Notes up to the sum of the New Notes’ aggregate principal amount plus €184 Mn. The pricing of the New Notes is expected to be announced later today, and the Tender Offer will expire on April 2, 2025, at 4:00 pm, Paris time. The Group aims to manage its hybrid portfolio proactively by refinancing the NC2028 Notes. The New Notes are expected to receive a rating of BBB- by S&P and Ba1 by Moody’s.



Read more at GlobeNewswire: URW announces the launch of a tender offer on some of its