Rabobank announces pricing of its tender offer on its outstanding US$1.0bn 3.875% Non-Preferred Senior Notes due 2023 and US$250mln Floating Rate Non-Preferred Senior Notes due 2023
On 15 August 2022, Coöperatieve Rabobank U.A. (the "Offeror" or "Rabobank") launched its invitation to holders of its US$1bn 3.875 per cent. Non-Preferred Senior Notes due 2023 (ISINs: US74977RDE18 (144A) and US74977SDE90 (Reg S)) and US$250mln Floating Rate Non-Preferred Senior Notes due 2023 (ISINs: US74977RDD35 (144A) and US74977SDD18 (Reg S)) (collectively, the "Notes") to tender any and all such Notes for purchase by the Offeror for cash (such invitation, the "Offer"). The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 15 August 2022 (the “Tender Offer Memorandum”) and is subject to the offer restrictions described in the Tender Offer Memorandum. Capitalized terms used and not otherwise defined in this press release have the meanings given to them in the Tender Offer Memorandum.
The Offeror today announces that it has priced the Offer for the US$1bn 3.875% Non-Preferred Senior Notes due 2023.
The results of the Offer are expected to be announced on 22 August 2022. The Offer remains subject to conditions and restrictions set out in the Tender Offer Memorandum and the expected Tender Offer Settlement Date is 25 August 2022 for Notes validly tendered and accepted for purchase which are the subject of a Notice of Guaranteed Delivery and 23 August 2022 in respect of any other Notes validly tendered and accepted for purchase.
Full details concerning the Offer are set out in the Tender Offer Memorandum. The Tender Offer Memorandum and the full pricing announcement can be obtained from the tender agent: Kroll Issuer Services Limited / email@example.com / +44 20 7704 0880 or at https://deals.is.kroll.com/rabobank.
Neither the Tender Offer Memorandum, this publication nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Notes in any circumstances in which such offer or solicitation is unlawful. Further restrictions apply in relation to the United Kingdom, France, Italy and Hong Kong as set out in full in the Tender Offer Memorandum.