February 27, 2021
Business News

Rallye Launches a Global Tender Offer for Its Unsecured Debt as Part of a Modified Dutch Auction Procedure

PARIS–()–Regulatory News:

Rallye (Paris:RAL)

On February 28, 2020, the Paris Commercial Court approved Rallye’s safeguard plan, which provides for the repayment of its liabilities to be rescheduled between 2023 and 20301.

Rallye has launched today a global tender offer for its unsecured debt (including the bonds and commercial paper) as part of a modified Dutch auction procedure (the “Tender Offer“).

Tender Offer

The purpose of the Tender Offer is to (i) provide holders of unsecured debt with the opportunity of having all or part of their claims repurchased at a price determined as part of a modified Dutch auction and to (ii) improve Rallye’s debt profile, in the context of the implementation of its…

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