Vodafone Announces Early Results of Cash Tender Offers

TL;DR

Vodafone is buying back its 2027 and 2029 notes early, accepting all offers.

AI Summary

Vodafone Group Plc announced on July 10, 2024, the early results of its cash tender offers for its outstanding notes. The offers were made for any and all of its 5.375% Senior Notes due 2027 and 5.875% Senior Notes due 2029. The company has accepted for purchase all tendered notes.

Why It Matters

This action indicates Vodafone is actively managing its debt obligations, potentially refinancing at more favorable terms or reducing its overall debt burden.

Risk Assessment

Risk Level: low — The filing is an announcement of tender offer results, which is a routine financial management activity with no immediate negative implications.

Key Players & Entities

• Vodafone Group Plc (company) — Registrant
• 5.375% Senior Notes due 2027 (dollar_amount) — Notes subject to tender offer
• 5.875% Senior Notes due 2029 (dollar_amount) — Notes subject to tender offer
• July 10, 2024 (date) — Announcement date

FAQ

Key Financial Figures

• $440,000,000 — LTS OF ITS CASH TENDER OFFERS FOR UP TO $440,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS 6.150
• $730,000,000 — .150% NOTES DUE FEBRUARY 2037 AND UP TO $730,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS 4.375
• $2,000,000,000 — 024, the Company closed the offering of $2,000,000,000 5.750% Notes due 2054 and $1,000,000,00
• $1,000,000,000 — 2,000,000,000 5.750% Notes due 2054 and $1,000,000,000 5.875% Notes due 2064 (together, the "N
• $1,700,000,000 — 37   92857WAQ3/ US92857WAQ33 $1,700,000,000 $440,000,000 $682,146,000 $440,00
• $682,146,000 — WAQ33 $1,700,000,000 $440,000,000 $682,146,000 $440,000,000 64.56% 4.375% Notes
• $1,400,000,000 — 3   92857WBD1 / US92857WBD11 $1,400,000,000 $730,000,000 $638,723,000 $638,72
• $638,723,000 — WBD11 $1,400,000,000 $730,000,000 $638,723,000 $638,723,000 N/A    

Filing Documents

• a8690v.htm (6-K) — 45KB
• 0001654954-24-008754.txt ( ) — 46KB

forward-looking statements are not guarantees of any future

forward-looking statements are not guarantees of any future performance and are necessarily estimates reflecting the best judgment of the senior management of the Company and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking should be considered in light of various important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements, which include, without limitation, the risk factors set forth in the Offer to Purchase. The Company cannot guarantee that any forward-looking statement will be realised, although it believes it has been prudent in its plans and assumptions. Achievement of future results is subject to risks, uncertainties and assumptions that may prove to be inaccurate. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. The Company undertakes no obligation to update publicly or release any revisions to these

forward-looking statements to reflect events or circumstances or to

forward-looking statements to reflect events or circumstances or to reflect the occurrence of unanticipated events, except as required by applicable law.        

SIGNATURES

SIGNATURES       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.       VODAFONE GROUP   PUBLIC LIMITED COMPANY   (Registrant)         Date: July 10, 2024 By: /s/ M D B   Name: Maaike de Bie   Title: Group General Counsel and Company Secretary

View Full Filing

View this 6-K filing on SEC EDGAR