Shell plc Announces Final Results of Exchange Offers

Core Points - Shell plc announced the final results of its Exchange Offers, aiming to exchange up to $12 billion of Old Notes for New Notes [1][2] - The total aggregate principal amount of Old Notes validly tendered and accepted for exchange was $11,462,980,000, exceeding the Maximum Amount [3][7] - The settlement and issuance of the New Notes is expected to occur on October 8, 2024 [7] Exchange Offers Details - The Exchange Offers were conducted to migrate existing Old Notes from Shell International Finance B.V. to Shell Finance US Inc. to optimize the capital structure [2] - Acceptance of Old Notes was based on a priority level system, with levels 1 through 8 accepted, while levels 9 through 12 were not accepted due to not meeting conditions [3][5] - The aggregate principal amounts of each series of Old Notes accepted for exchange were detailed in a table, showing significant amounts for the highest priority levels [4][6] Financial Institutions Involved - The dealer managers for the Exchange Offers included Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc., and Wells Fargo Securities, LLC [7] - D.F. King & Co. Inc. served as the exchange agent and information agent for the Exchange Offers [8]