30 May 2017
VimpelCom Holdings B.V. announces cash tender offer for certain outstanding debt securities Amsterdam, Netherlands, 30 May 2017. VimpelCom Holdings B.V. (the Company ) a wholly-owned subsidiary of VEON Ltd. ( VEON ) announced today that it commenced a cash tender offer (the Offer ) for any and all of the outstanding (i) U.S.$1,000,000,000 9.125% Loan Participation Notes due 2018 issued by, but with limited recourse to, VIP Finance Ireland Limited (the 2018 Notes ), (ii) U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland Limited (the 2021 Notes ) and (iii) U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by VimpelCom Holdings B.V. (the 2022 Notes and together with the 2018 Notes and the 2021 Notes, the Notes ).
The Offer is made pursuant to an Offer to Purchase dated today, which sets out a comprehensive description of the terms of the Offer.
The Company has separately announced today that it intends to offer new senior unsecured notes (the New Notes and the New Notes Offering ). Completion of the Offer is subject to the successful completion (as determined by the Company at its sole discretion) of the New Notes Offering (the Financing Condition ), as well as certain other conditions as set out in the Offer to Purchase.
The purpose of the Offer is to acquire any and all of the Notes, provided that the Financing Condition is satisfied, which will be funded principally by the issuance of the New Notes and would have the effect of extending the maturity profile of a portion of the VEON Group's indebtedness. Notwithstanding the potential offering of New Notes, the Group may fund a portion of the Offer with available cash. Notes accepted for purchase by the Company pursuant to the Offer will be cancelled.
When allocating the New Notes to investors, the Company, among other factors, intends to look favourably upon investors that have validly tendered or indicated a firm intention to tender their Notes pursuant to the Offer. However, no assurances can be given that any holder of the Notes (each a Holder and together, the Holders ) that tenders Notes will be given an allocation of New Notes at the levels it may subscribe for, or at all. Any allocation of the New Notes, while being considered by the Company as set out above, will be made in accordance with customary new issue allocation processes and procedures. For more information about the New Notes Offering, eligible Holders may contact Barclays Bank PLC at the contact details as set out below.
Purchases of New Notes are subject to all applicable securities laws and regulations in force in any relevant jurisdiction. In particular, Holders must be qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the Securities Act ) or non-U.S. persons (as defined in Regulation S under the Securities Act in order to purchase New Notes. For more information, please refer to the Offer to Purchase.
Neither this announcement nor the Offer to Purchase constitutes an offer to sell or a solicitation of an offer to buy the New Notes. No assurances can be given that the Company will in fact complete the New Notes Offering. For the avoidance of doubt, in the event that a Holder validly tenders Notes pursuant to the Offer, then such Offer to Sell will still remain valid irrespective of whether such Holder receives all, part or none of any allocation of New Notes for which it has applied.
The Offer will expire at 4.59 a.m., London time on 27 June 2017 (11.59 p.m. New York time on 26 June 2017), unless extended, re-opened or earlier terminated by the Company in its sole discretion (such date and time, as the same may be extended, the Expiration Time ). Holders of Notes must validly tender and not validly withdraw their Notes at or prior to 10.00 p.m., London time (5.00 p.m. New York time), on 12 June 2017 (such date and time, as the same may be extended, the Early Tender Time ) to be eligible to receive the Early Tender Purchase Price (defined below). Holders of Notes who validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time will only be eligible to receive the applicable Final Purchase Price (defined below) for their Notes.
The applicable Early Tender Purchase Price will be payable after the Early Tender Time (the date of such payment, the Early Payment Date ). The Early Payment Date is currently expected to be 19 June 2017.
The applicable Final Purchase Price will be payable promptly following the Expiration Date (the date of such payment, the Final Payment Date ). The Final Payment Date is currently expected to be 29 June 2017.
The Early Tender Purchase Price payable for each U.S.$1,000 in principal amount of 2018 Notes, 2021 Notes and 2022 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time/Withdrawal Time and accepted for purchase pursuant to the Offer is set out in the table below. Holders will also receive accrued and unpaid interest on such Notes ( Accrued Interest ) from and including the last interest payment date applicable to such Notes to, but not including, the Early Payment Date with respect to any such 2018 Notes, 2021 Notes and 2022 Notes validly tendered and accepted for purchase in the Offer.
The Final Purchase Price payable for each U.S.$1,000 in principal amount of 2018 Notes, 2021 Notes and 2022 Notes validly tendered after the Early Tender Time but at or prior to the Expiration Time and accepted for purchase pursuant to the Offer is set out in the table below. Holders will also receive Accrued Interest applicable to such Notes to, but not including, the Final Payment Date with respect to any such 2018 Notes, 2021 Notes and 2022 Notes validly tendered and accepted for purchase in the Offer.
Not
Most recent headlines
11/12/2025
Dalet, a leading provider of cloud-native, end-to-end media workflow solutions, ...
02/12/2025
Case Study: How Mid-Atlantic Sports Network Moved to All-IP Distribution in 60 D...
02/12/2025
2025 Sports Broadcasting Hall of Fame: Lee Corso, Coach, Commentator, FirebrandBy Ken Kerschbaumer
Tuesday, December 2, 2025 - 7:00 am
Print This Story | S...
02/12/2025
SVG All-Stars: Dan Nabors, Senior Director, Remote Engineering, TNT SportsThe veteran tech leader is helping guide Warner Bros. Discovery's at-home' re...
02/12/2025
National Lacrosse League Opens Season With New Cloud-Based Official Replay-Revie...
02/12/2025
Platinum White Paper: The Cinematic Look in Live Production - Bridging Aesthetic...
02/12/2025
SVG India Announces Advisory Board; JioStar's Prashant Khanna Named ChairmanBy Ken Kerschbaumer
Tuesday, December 2, 2025 - 11:15 am
Print This Story |...
02/12/2025
SVG Summit 2025 Preview: New AI Production Tools Workshop' Features ESPN, F...
02/12/2025
Written and directed by Hailey Gates, Atropia won the U.S. Grand Jury Prize: Dramatic at the 2025 Sundance Film Festival....
02/12/2025
The lightweight and highly portable CORVUS-RAVEN, recently demonstrated at the V...
02/12/2025
The lightweight, rugged Panther 2 tri-band VSAT delivers high-speed data communications for Internet, VPN connectivity and video transmission over commercial an...
02/12/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({...
02/12/2025
NGID volunteers in the United States
NGID volunteers in Mexico
NGID volunteers in India
NGID volunteers in Spain
NGID volunteers in Australia
NGID voluntee...
02/12/2025
WASHINGTON The Federal Communications Commission's Media Bureau has issued a reminder that stations in DMAs 111 through 120 must implement its audio descrip...
02/12/2025
SAN DIEGO Sony Electronics today introduced the Alpha 7 V (ILCE-7M5), the fifth generation of its Alpha 7 full-frame mirrorless lineup, powered by the newly dev...
02/12/2025
WASHINGTON The Federal Communications Commission has opened a docket for comments on Nexstar Media Group's proposed $6.2 billion acquisition of Tegna and se...
02/12/2025
WASHINGTON The National Association of Broadcasters has added a trio of media executives, Veronica Rodriguez, Matt Schnaars and Jeff Warshaw, to its board of di...
02/12/2025
MILAN, Italy Brightcove has released seven new features designed to expand global reach, improve audience engagement, enhance live-streaming quality and streaml...
02/12/2025
BCNEXXT, the developers of the advanced playout platform Vipe, today announced a new Service Provider Partner agreement with NPC Media, the Australian managed p...
02/12/2025
DPA Microphones today announces the immediate availability of its new N-Series Digital Wireless Microphone System for customers throughout the U.S. In addition ...
02/12/2025
Hiltron Communications reports a well attended and successful Space Tech Expo exhibition, held at the Messe Bremen from Tuesday November 18 through Thursday Nov...
02/12/2025
The beginning of September saw Riverfire by Australian Retirement Trust, in association with Channel 9 and Triple M, kick off the 2025 Brisbane Festival in spec...
02/12/2025
SGM Lighting is pleased to announce an exciting new partnership with ACT Entertainment, under which ACT will serve as the exclusive distributor for SGM's ne...
02/12/2025
Harmonic (NASDAQ: HLIT) today announced that Telia, the second largest telecom operator in Norway, is modernizing its broadband network with the company's i...
02/12/2025
European cloud data protection specialist Keepit is expanding its sales network in the DACH region and has gained TIM AG, one of the leading value-added distrib...
02/12/2025
Featured products at ISE 2026
This year s ISE 2026 theme "Push Beyond" reflects Calrec s direction of travel. The company is dedicated to supporting the AV an...
02/12/2025
Czech Television, the national public broadcaster, has deployed one of the largest LiveU live production projects in the region for live sports and news coverag...
02/12/2025
Test & measurement innovator, Leader Electronics, has announced the release of v8.2 software for its ZEN and ZEN-W Series, bringing advanced cinematic camera se...
02/12/2025
Global provider of video streaming software and services, Accedo, and OTT platform provider, Magine Pro, have signed a binding agreement to carve out and merge ...
02/12/2025
With proven success in broadcast, OTT, and content supply chains, K.S Avinash set to scale Skandha's service-first approach across APAC
Skandha Media Servi...
02/12/2025
AJA Video Systems has joined the RAVENNA community, a network of partners devoted to advancing the RAVENNA standard for distributing real-time audio over intern...
02/12/2025
HUNT VALLEY, Md. Sinclair and its wholly-owned subsidiary One Media Technologies have released a new report focused on how ATSC 3.0, the IP-based NextGen TV sta...
02/12/2025
WASHINGTON The Federal Communications Commission's Media Bureau has issued a reminder that stations in DMAs 111 through 120 must implement its audio descrip...
02/12/2025
WASHINGTON Members of the Advanced Television Systems Committee have elected four industry veterans to three-year terms on the organization's board of direc...
02/12/2025
A new survey from S&P Global Market Intelligence Kagan highlights how important social media is for younger consumers, with Gen Z spending 5.1 hours a day on so...
02/12/2025
Faculty Notes: Fall/Winter 2025 Recent accomplishments, releases, and events by Berklee faculty.
December 1, 2025
By
Editorial Staff
The cast of Kind of M...
02/12/2025
Ring In The Holidays With Our Biggest Sale Ever On Ivory II Pianos!From now until December 31st, you can save 50% or more on every Ivory II piano and collection...
02/12/2025
Back to All News
Made in America: How Stranger Things' Electrified the US Economy
Entertainment
02 December 2025
GlobalUnited States
Link copied to cl...
02/12/2025
Back to All News
Culinary Class Wars' Season 2 Trailer Teases New Rules, R...
02/12/2025
--
The International Electrotechnical Commission (IEC), the International Organization for Standardization (ISO), and the International Telecommunication Unio...
02/12/2025
Harmonic's cOS Platform Will Redefine Subscribers' Quality of Experience, Lowering Churn SAN JOSE, Calif. - Dec. 2, 2025 - Harmonic (NASDAQ: HLIT) today...
02/12/2025
At AWS re:Invent, NVIDIA and Amazon Web Services expanded their strategic collab...
02/12/2025
S an Nollaig
Hollywood blockbusters The Banshees of Inisherin, Barbie and Oppenheimer make their Irish TV debut
Tune into the classics such as Love Actual...
02/12/2025
Showcasing fresh Irish storytelling and emerging talent Storyland 2025 signals a fantastic time for Irish drama
RT and F s ireann/Screen Ireland are proud to...
01/12/2025
L3Harris and PentenAmio formalise their teaming agreement at MilCIS 2025, streng...
01/12/2025
Artemis II is NASA's first crewed flight test of the Space Launch System rocket and Orion spacecraft. The crew, from left: Commander Reid Wiseman, Pilot Vic...
01/12/2025
IRVINE, Calif. Wooden Camera has introduced its new Accessory Collection for the Canon EOS C50. The new lineup includes a low-profile, gimbal-ready cage, expand...
01/12/2025
WASHINGTON The Federal Communications Commission has released a tentative agenda for its Dec. 18 Open Commission Meeting that will include a vote on a report an...
01/12/2025
In most years, a graph of annual local TV ad spending is about as predictable as an electrocardiogram of a reasonably healthy patient in a doctor's office. ...
30 May 2017
