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Mondi Finance Plc - Result of Tender offer


News provided by

Mondi Finance Plc

24 Oct, 2025, 08:17 GMT


THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA ( THE "UNITED STATES" ) OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

24 OCTOBER 2025

MONDI FINANCE PLC ANNOUNCES THE FINAL RESULTS OF THE TENDER OFFER FOR ITS OUTSTANDING €600,000,000 1.625 PER CENT. GUARANTEED NOTES DUE 27 APRIL 2026 (ISIN: XS1813593313)

Further to its announcement on 16 October 2025, Mondi Finance plc (the " Offeror ") now announces the final results of its invitation to holders of its outstanding €600,000,000 1.625 per cent. Guaranteed Notes due 27 April 2026 (ISIN: XS1813593313) (the " Notes " and each such holder , a " Noteholder ") guaranteed by Mondi plc (the " Guarantor " ), to tender any and all of their Notes for purchase by the Offeror for cash (such invitation, the " Offer "). The Offer was made subject to applicable law and regulation, on the terms and subject to the conditions and the offer and distribution restrictions described in the tender offer memorandum dated 16 October 2025 (the " Tender Offer Memorandum ").

Capitalised terms used in this announcement and not otherwise defined herein have the meanings given to them in the Tender Offer Memorandum.

The Offer was launched by the Offeror on 16 October 2025. The Expiration Deadline for the Offer was on 23 October 2025 at 4:00 p.m. (London time).

The Offeror also announced on 16 October 2025 its intention to issue new euro-denominated fixed rate notes pursuant to its €3,000,000,000 Guaranteed Euro Medium Term Note Programme (the " Programme ") guaranteed by Mondi plc (the " New Notes "), subject to market conditions. Whether the Offeror would purchase any Notes validly tendered in the Offer was subject, without limitation, to the successful completion (in the sole determination of the Offeror) of the issue of the New Notes (the '' New Issue Condition ''), or the waiver of such condition. The Offeror announces that the New Issue Condition has been satisfied.

As at the Expiration Deadline, €320,607,000 in aggregate nominal amount of the Notes had been validly tendered pursuant to the Offer. The Offeror hereby announces that it will accept for purchase, in accordance with the terms and subject to the conditions set out in the Tender Offer Memorandum and at the Purchase Price, all Notes validly tendered pursuant to the Offer in full. Following settlement of the Offer, €279,393,000 in aggregate nominal amount of the Notes will remain outstanding .

 

 

Summary of the Results

 

Description of the Notes

ISIN / Common Code

Aggregate nominal amount of Notes validly tendered

Final Acceptance Amount

Aggregate Nominal Amount outstanding after Settlement Date

Purchase Price

€600 ,000 , 000 1.625 per cent. Guaranteed Notes due 2026 guaranteed by Mondi plc

XS1813593313 / 181359331

€320,607,000

€320,607,000

€279,393,000

99.75 per cent.

 

The Offeror will also pay the Accrued Interest Payment in respect of the Notes accepted for purchase pursuant to the Offer.

Notes purchased by the Offeror pursuant to the Offer will be cancelled by the Offeror and will not be re-issued or re-sold. Notes which have not been validly tendered and accepted for purchase pursuant to the Offer will remain outstanding after the Settlement Date.

Payment of the Purchase Price and the Accrued Interest Payment in respect of the Notes accepted for purchase by the Offeror pursuant to the Offer will occur on the Settlement Date which is expected to be 28 October 2025. The acceptance for purchase by the Offeror of Notes validly tendered pursuant to the Offer is at the sole and absolute discretion of the Offeror.

BNP PARIBAS and Merrill Lynch International   are acting as Dealer Managers for the Offer and Sodali & Co Limited is acting as Information and Tender Agent.

THE DEALER MANAGERS

BNP PARIBAS

16, boulevard des Italiens

75009 Paris

France

 

Telephone : +33 1 5577 7894

Attention : Liability Management Group

Email : liability.management@bnpparibas.com

 

Merrill Lynch International

2 King Edward Street

London EC1A 1HQ

United Kingdom

 

Telephone: 44 (0) 207 996 5420

Attention: Liability Management Group

Email: DG.LM-EMEA@bofa.com

 

THE INFORMATION AND TENDER AGENT

 

Sodali & Co Limited

The Leadenhall Building

122 Leadenhall Street

London EC3V 4AB

United Kingdom

 

Telephone : + 44 20 4513 6933

Email: mondi@investor.sodali.com

Transaction Website : https://projects.sodali.com/Mondi

DISCLAIMER

The offer period for the Offer has now expired. No further tenders of any Notes may be made pursuant to the Offer.

This announcement must be read in conjunction with the Tender Offer Memorandum and the announcement published on 16 October 2025 . If any Noteholder is in any doubt as to the contents of this announcement, the Tender Offer Memorandum or the action it should take , it is recommended to seek its own financial, legal, regulatory and tax advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, regulatory, tax or legal adviser.

This announcement is released by Mondi Finance plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7(1) of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (" UK MAR "), encompassing information relating to the Offer, as described above. For the purposes of UK MAR and the Implementing Technical Standards, this announcement is made by Jennifer Hampshire, Company Secretary of the Offeror.
 



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