Orange: Orange announces the results of its tender offer on outstanding hybrid notes

Core Points - Orange S.A. has announced the results of a tender offer to repurchase part of two series of outstanding hybrid notes, specifically the NC 2026 and NC 2027 Existing Notes [1][2] - The settlement of the tender offer is expected to occur on June 24, 2025 [2] Summary of Tender Offer Results - For the NC 2026 Existing Notes: - The total principal amount validly tendered is €743,530,000 - The Series Acceptance Amount is €600,002,000 - The Tender Price is 103.147% [6] - For the NC 2027 Existing Notes: - The total principal amount validly tendered is €274,800,000 - The Series Acceptance Amount is €150,000,000 - The Tender Price is 98.336% [6] Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a workforce of 125,800 employees worldwide as of March 31, 2025 [8] - The company serves a total customer base of 294 million, including 256 million mobile customers and 22 million fixed broadband customers [8] - Orange operates in 26 countries and is also a significant provider of global IT and telecommunication services to multinational companies under the brand Orange Business [9]