06/08/2015, 07:00
| Ad hoc announcement pursuant to Art. 53 LR
Lausanne – Alpiq Holding AG (Alpiq) is launching another cash tender offer up to CHF 450 million on its outstanding senior CHF bonds due 2016-2019. In doing so, Alpiq intends to reduce gross debt and future funding costs in line with its strategy. In order to optimise its maturity profile, Alpiq is also reviewing the option of launching a new, long-term bond.
The tender offer will last from 8 June 2015 to 19 June 2015. Publication of the final results of the buyback is expected on 22 June 2015. The bonds bought back will be cancelled.
In July 2014, Alpiq concluded the successful buyback of bonds due 2015-2018. The company reduced its gross debt by CHF 543.4 million with this transaction. Concurrently, Alpiq launched a new senior bond for CHF 300 million and with a tenor of 10 years to the market. In doing so, Alpiq extended and optimised its maturity profile of financial liabilities in line with its strategy.