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On 31 August 2022, Sampo announced tender offers for its outstanding senior notes maturing in 2023, 2025, 2028 and 2030 to manage financial leverage in accordance with the Group’s capital management framework. Sampo has decided to accept for purchase all notes validly tendered pursuant to the offers. The aggregate amount of nominal debt purchased across all the targeted maturities achieved EUR 500 million, which will now be deducted from gross debt following completion of the offer process.
In addition to the above-mentioned tender offer for Sampo plc debt, Sampo Group company Hastings is in process of redeeming its senior bond of GBP 250 million (approximately EUR 290 million) later this month.
Sampo has today published the attached stock exchange release on the results of the cash tender offers on the website of the London Stock Exchange plc.
No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement in certain jurisdictions may be restricted by law.
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