EDF : EDF Announces the Completion of its Hybrid Refinancing Transaction

 PRESS RELEASE 3 October 2018      EDF Announces the Completion of its Hybrid Refinancing Transaction  EDF (the "Company") is pleased to announce the successful completion of its hybrid refinancing transaction consisting of:The pricing of new €1,250,000,000 4...

London, 03/10/2018 (informazione.news - comunicati stampa - energia)

 

EDF (the "Company") is pleased to announce the successful completion of its hybrid refinancing transaction consisting of:

On 25 September 2018, the Company successfully priced new €1,250,000,000 reset perpetual 6 year non-call hybrid notes with a 4.000% coupon and a first redemption at the option of the Company between July 4, 2024 (included) and October 4, 2024 (included).

Following the end of the Tender Offer period, EDF will purchase for cash Notes validly tendered on the first two acceptance priority levels pursuant to the Tender Offer for an amount of €1,250,000,000.

The aggregate size of the Company's stock of hybrid notes remains unchanged as a result of the hybrid refinancing transaction and the Company remains committed to hybrid capital securities as a permanent part of its capital structure to fund assets under construction.

Summary table of the Tender Offer results below:

The granted visa number 18-466 on October 2, 2018 on the prospectus relating to the New Notes. The New Notes will be issued on October 4, 2018. The settlement of the Tender Offer is scheduled on October 5, 2018.

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 35.1 million customers, of which 26.5 million in France. The Group generated consolidated sales of €70 billion in 2017. EDF is listed on the Paris Stock Exchange.