Shell International Finance Notes
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Shell plc Announces Early Participation Results and Extends the Early Participation Premium to all Eligible Holders
Globenewswire· 2025-11-18 10:56
Core Points - Shell plc is conducting Exchange Offers to migrate existing Old Notes to Shell Finance US to optimize its capital structure and align indebtedness with its U.S. business [3][11] - The Early Participation Premium is now extended to all eligible holders of Old Notes validly tendered by December 3, 2025, regardless of when they were tendered [2][7] - As of the Early Participation Deadline, a total of $6,222,581,000 of Old Notes have been validly tendered for exchange [5] Summary by Sections Exchange Offers - Shell is offering to exchange Old Notes for a combination of cash and new notes issued by Shell Finance US, guaranteed by Shell [1][3] - The total aggregate principal amount of Old Notes validly tendered includes various series with specific amounts listed [5] Early Participation Premium - The Early Participation Premium consists of $30 principal amount of New Notes and a cash component of $1.00 for each $1,000 principal amount of Old Notes tendered [7][8] - This premium is now available for all validly tendered Old Notes until the Expiration Time [2][7] Tendered Amounts - The table provided indicates the principal amounts of each series of Old Notes validly tendered, with significant amounts for various series [5] - The largest amount tendered is $2,009,126,000 for the 6.375% notes due 2038 [5] Important Dates - The Expiration Time for the Exchange Offers is set for December 3, 2025, with expected issuance of New Notes on December 8, 2025 [8]