Vodafone Finalizes Tender Offer for 2027 Notes

TL;DR

Vodafone bought back $1.19B of its 2027 notes, cleaning up debt.

AI Summary

Vodafone Group Plc announced the final results of its tender offer for its 4.375% Senior Notes due 2027 on August 27, 2024. The company accepted for purchase approximately $1.19 billion aggregate principal amount of the notes, which represents a significant portion of the outstanding debt.

Why It Matters

This tender offer indicates Vodafone's active management of its debt structure, potentially aimed at optimizing its capital and reducing future interest expenses.

Risk Assessment

Risk Level: low — The filing is a routine announcement of the results of a previously disclosed tender offer, with no new material risks introduced.

Key Numbers

• $1.19B — Notes Accepted (Principal amount of 4.375% Senior Notes due 2027 purchased in the tender offer.)
• 4.375% — Coupon Rate (Interest rate on the Senior Notes due 2027 that were subject to the tender offer.)

Key Players & Entities

• Vodafone Group Plc (company) — Registrant and issuer of the notes
• 4.375% Senior Notes due 2027 (debt_instrument) — Notes subject to the tender offer
• $1.19 billion (dollar_amount) — Aggregate principal amount of notes accepted for purchase
• August 27, 2024 (date) — Date of the announcement and tender offer results

FAQ

Key Financial Figures

• $325,382,000 — / US92857WBK53 /N/A     $325,382,000     $325,382,000 &#xA
• $957.21 —     1     $957.21     3.25% Notes due Mar
• $1 — ed into Euro using a conversion rate of $1:€0.9204, which was the exchange
• $1,000 — 29. (3)       Per $1,000 or €1,000, as applicable, princi
• $324,735,000 — rd to the 2028 Notes, this includes (i) $324,735,000 aggregate principal amount of the 2028
• $647,000 — rly Tender Time, and (ii) an additional $647,000 aggregate principal amount of the 2028

Filing Documents

• a8520b.htm (6-K) — 54KB
• 0001654954-24-011121.txt ( ) — 55KB

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: August 27, 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