SCOR: Results of the cash tender offer on subordinated notes
Globenewswireยท2025-09-09 06:32
Group 1 - SCOR SE announced the results of a cash tender offer to purchase its EUR 600 million Fixed to Reset Rate Subordinated Notes due June 8, 2046, with a maximum acceptance amount of EUR 500 million [3][4] - The tender offer expired on September 8, 2025, and the settlement date is expected to be September 11, 2025 [4] - A total of EUR 317.1 million of the existing notes were validly tendered and accepted, which will be cancelled by the company [4][5] Group 2 - Following the tender offer, the remaining outstanding nominal amount of the existing notes will be EUR 282.9 million [5] - SCOR generated premiums of EUR 20.1 billion in 2024 and operates in over 150 countries with 37 offices worldwide [7]