Core Viewpoint - Koninklijke KPN N.V. announced a tender offer for its outstanding notes to proactively manage its debt structure and reduce refinancing requirements while lowering the average coupon rate of its bond portfolio [2][3]. Group 1: Tender Offer Details - KPN offered to purchase £400 million of 5.00% notes due 2026 and £850 million of 5.75% notes due 2029, with £250 million and £549.996 million currently outstanding, respectively [1]. - The final acceptance amounts for the tender offer were £95.712 million for the 2026 notes and £182.458 million for the 2029 notes [4]. - The purchase price for the 2029 notes accepted for purchase was set at 105.557% [6]. Group 2: Financing and Settlement - The offers will be financed with part of the proceeds from a €500 million bond maturing on 12 May 2034, priced on 3 February 2026 [2]. - Settlement of the offers and payment of the tender consideration is expected to occur on 13 February 2026, with a total tender consideration of approximately £295 million [7]. - KPN will also make an accrued interest payment for the notes accepted for purchase [7].
KPN announces results of its Tender Offer