TDF Infrastructure (the “Company”) announces today the launch of a tender offer on its outstanding
€800 million 2.500% Bonds due 2026 (of which €650,000,000 are currently outstanding) (ISIN:
FR0013144201) (the “Existing Bonds”) (the “Tender Offer”) (up to a maximum amount
of€200,000,000 or such greater or lesser amount as the Company may determine, in its sole and
absolute discretion) and its intention to issue new Euro denominated senior unsecured bonds (the
“New Bonds”), subject to market conditions.
A mechanism of priority allocation in the New Bonds may be applied at the sole and absolute
discretion of the Company for holders of the Existing Bonds who participate in the Tender Offer
and who wish to subscribe to the New Bonds.
The Tender Offer is being made on the terms and subject to the conditions contained in the Tender
Offer Memorandum dated 14 October 2024. The Tender Offer is subject, among other conditions,
to the settlement of the New Bonds, at least one business day before the settlement date of the
Tender Offer, for a minimum nominal amount satisfactory to the Company.
The purpose of the Tender Offer and the planned issuance of the New Bonds is, amongst other
things, to pro-actively manage the Company’s debt profile and to extend its average maturity.