07.06.2024 15:12:38 - dpa-AFX: ITV Plc Announces Cash Tender Offer For Notes
LONDON (dpa-AFX) - ITV plc (ITV.L) announced an invitation to holders of its
outstanding 600 million euros 1.375 per cent. Notes due 26 September 2026 to
tender such Notes for purchase by the Offeror for cash. The Offeror, or ITV plc,
plans to cancel the Notes purchased by it pursuant to the offer and such Notes
will therefore not be re-issued or re-sold. The Offeror proposes to accept for
purchase pursuant to the offer up to 240 million euros in aggregate nominal
amount of the Notes.
ITV plc will announce, on Friday, its intention to issue a new series of
euro-denominated fixed rate notes under its 3 billion Euro Medium Term Note
Programme.
The purpose of the offer and the proposed issue of the New Notes is to extend
the Offeror's debt maturity profile in an efficient manner.
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