HOCHTIEF Aktiengesellschaft - Tender Offer 2024 (DE) - Launch

HOCHTIEF Aktiengesellschaft announces tender offer in respect of its EUR 500,000,000 1.750 per cent. Notes due 2025 (ISIN: DE000A2LQ5M4) and proposed issue of new euro-denominated senior notes (the "New Notes")

21 MAY 2024

Full announcement including disclaimers and offer restrictions available via Luxse

21 May 2024. HOCHTIEF Aktiengesellschaft (the "Company") announces today an invitation to eligible holders of its outstanding EUR 500,000,000 1.750 per cent. Notes due 2025 (ISIN: DE000A2LQ5M4) (the "Notes") to tender any and all their Notes for purchase by the Company for cash, subject to the satisfaction or waiver of the New Financing Condition (as defined below) and the other conditions described in the Tender Offer Memorandum (the "Offer").

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Summary of the Offer

Rationale for the Offer

The purpose of the Offer and the planned issuance of New Notes is, amongst other things, to proactively manage the debt redemptions and to extend the debt maturity profile of the Company. The Offer also provides Noteholders with the opportunity to sell their current holdings in the Notes and to apply for priority in the allocation of the New Notes, as more fully described in the Tender Offer Memorandum. Notes purchased by the Company pursuant to the Offer will be cancelled and will not be re-issued or re-sold."

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