on WORLDLINE (EPA:WLN)
WORLDLINE launches a buyback offer for its OCEANEs
Worldline announced a repurchase offer for its OCEANEs maturing in July 2025 and July 2026. This transaction is part of a reverse bookbuilding process. The company is seeking to collect irrevocable orders from holders of its OCEANEs wishing to sell them.
The target amount for the acquisition is approximately €250 million. Worldline recently issued €500 million in bonds due 2029 to finance the transaction and other general corporate purposes.
The repurchase price will be determined via a modified Dutch auction, with base prices of EUR 116.50 for the 2025 OCEANEs and EUR 96.25 for the 2026 OCEANEs. Settlement-delivery of the repurchased OCEANEs is scheduled for November 29, 2024.
R. P.
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