28 Nov 2018
VEON Holdings B.V. And VIP Finance Ireland DAC Announce Extension Of Early Tender Time For Certain Outstanding Debt Securities Amsterdam, Netherlands, 28 November 2018-VEON Holdings B.V. (the Company ), a wholly-owned subsidiary of VEON Ltd. ( VEON ),and VIP Finance Ireland DAC (in respect of the 2021 Notes (as defined below) only), announced today an extension of the early tender time relating to the Company's previously announced tender offer (in relation to all the Notes) and consent solicitation (in relation to the Any and All Consent Notes only) in respect of:
U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland DAC (formerly VIP Finance Ireland Limited) with a Principal Amount Outstanding of U.S.$376,705,000(1)(ISIN: Rule 144A US918242AD06/Reg S XS0587031096) (the 2021 Notes );
U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by VEON Holdings B.V. (formerly VimpelCom Holdings B.V.) with a Principal Amount Outstanding of U.S.$628,463,000(1)(ISIN: Rule 144A US92718WAB54/Reg S XS0643183220) (the 2022 Notes ) and unconditionally and irrevocably guaranteed by Public Joint Stock Company Vimpel-Communications ;
U.S.$1,000,000,000 5.95% Notes due 2023 issued by VEON Holdings B.V. (formerly VimpelCom Holdings B.V.) with a Principal Amount Outstanding of U.S.$982,875,000(1)(ISIN: Rule 144A US92718WAE93/Reg S XS0889401724) (the 2023 Notes , and, together with the 2021 Notes and the 2022 Notes, the Any and All Consent Notes ); and
U.S.$900,000,000 4.950% Notes due 2024 issued by VEON Holdings B.V. (formerly VimpelCom Holdings B.V.) with a Principal Amount Outstanding of U.S.$900,000,000(1)(ISIN: 144A US92718WAG42/Reg S XS1625994618 ) (the 2024 Notes and together with the Any and All Consent Notes, the Notes ),
(1)Aggregate principal amount outstanding as at 13 November 2018.
in each case until 10:00 a.m. (London time) on 12 December 2018 (the Expiration Time ). Notes validly tendered at or prior to the Expiration Time will be eligible for the Early Tender Premium (as defined in the tender offer and consent solicitation memorandum dated 13 November 2018 (the Tender Offer and Consent Solicitation Memorandum )) and Voting Only Instructions received at or prior to the Expiration Time will be eligible for the Consent Fee (each as defined in the Tender Offer and Consent Solicitation Memorandum).
In addition, the maximum amount payable by the Company in respect of 2024 Notes accepted for purchase in the Tender Offer will no longer be the Capped Notes Tender Consideration but will instead be based on a maximum tender consideration of U.S.$400,000,000 (including the Early Tender Premium but excluding accrued interest payable thereon). The Company confirms that the tender consideration payable in respect of the Any and All Consent Notes will not be subject to any cap.
The previously announced withdrawal deadline of 10:00 p.m. (London time) on 27 November 2018 in respect of the Notes has passed and will not be extended. As a result, holders who have previously tendered Notes and holders who tender Notes at or before the Expiration Time may not withdraw those Notes. Holders who have already tendered Notes or delivered Voting Only Instructions need take no action as a result of this announcement.
If any of the Meetings in respect of the Any and All Consent Notes (which are scheduled to occur on 14 December 2018) is adjourned, the Company reserves the right to settle the Tender Offer in respect of (i) any of the Any and All Consent Notes that are not subject to an adjourned meeting and/or (ii) the 2024 Notes, in each case on the originally anticipated Settlement Date (as defined in the Tender Offer and Consent Solicitation Memorandum and which may be amended in the sole discretion of the Company). Accordingly, the Settlement Dates for the three series of Any and All Consent Notes may be different. Any extension of a Settlement Date in respect of one or more series of Any and All Consent Notes will not result in an extension of the Settlement Date in respect of the 2024 Notes unless otherwise announced by the Company. All references to any of the foregoing in the Tender Offer and Consent Solicitation Memorandum shall be deemed to be amended accordingly.
Requests for documents and questions on procedures for participating in the Tender Offer and Consent Solicitation may be directed to the Tender and Tabulation Agent, Citibank, N.A., London Branch at (Telephone: 44 207 508 3867; Email: exchange.gats@citi.com). Questions regarding the Tender Offer and Consent Solicitation may be directed to Barclays Bank PLC, at (Telephone: (800) 438-3242 (toll free) or (212) 528-7581 (collect) within the U.S. and 44 20 3134 8515 outside the U.S.; Email: liability.management@barclays.com); Citigroup Global Markets Limited, at (Telephone: (800) 558 3745 (toll free) or (212) 723 6106 (collect) within the U.S. and 44 20 7986 8969 outside the U.S.; Email: liabilitymanagement.europe@citi.com); or Merrill Lynch International, at (Telephone: 44 20 7996 5420; Email: DG.LM_EMEA@baml.com).
This announcement shall not constitute an offer to purchase or a solicitation of an offer to sell any securities or a solicitation of consents. The terms and conditions of the tender offer and consent solicitation are set out in the Tender Offer and Consent Solicitation Memorandum. Other than the amendments described above, the terms contained in the Tender Offer and Consent Solicitation Memorandum remain unchanged.
Forward-Looking Statements
The Company considers portions of this announcement and the Tender Offer and Consent Solicitation Memorandum and the documents incorporated by reference therein to be forward-looking statements. Forward-looking statements can be identified by the use of words such as may, might, will, c
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
13/05/2026
New Adobe Premiere Color Grading Mode Accelerated on NVIDIA GPUs
Joel Pennington May 13, 2026
0 Comments
New NVIDIA RTX-accelerated features streamlin...
13/05/2026
Grass Valley announced that dB Broadcast has delivered new IP-based outside broadcast (OB) trucks for Cloudbass, featuring Grass Valley LDX 100 Series cameras a...
13/05/2026
Ikegami will exhibit the latest additions to its wide range of broadcast production cameras, control units, viewfinders and monitors on stand 5D3-1 at Broadcast...
13/05/2026
FISE, working with the founding members of the XR Sports Alliance (XRSA), Accedo, Qualcomm Technologies, Inc. and HBS, have collaborated to develop an immersive...
13/05/2026
Canon Unveils New EOS R6 V Full-Frame EOS Camera and RF20-50mm F4 L IS USM PZ Bu...
13/05/2026
Boston Conservatory at Berklee Honors Beth Morrison and Moses Pendleton at Comme...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Creative software developer Foundry today announced the latest developments on Nuke Stage. A purpose-built application for end-to-end virtual production and in-...
13/05/2026
A definitive portrait of one of Ireland's most influential musicians
New TV documentary airs Monday 18 May on RT One and RT Player at 9.35pm
Watch the...
13/05/2026
Agentic AI is changing the way users get work done. Following the success of OpenClaw, the community is embracing new open source agentic frameworks. The latest...
13/05/2026
Reinforcement-learning agents - AI systems that learn by trial and error - can c...
12/05/2026
Beyond the Hype: A Strategic Post-Hoc Analysis of NAB 2026 If NAB Show 2026 had an underlying theme, it was a quiet, industry-wide pivot from the high-energy sp...
12/05/2026
Guntermann and Drunck (G&D), a Panoptec Technologies Group company, and CT Square, led by Chandresh Shah, have announced a joint venture to distribute G&D and V...
12/05/2026
With 30 days until the start of the FIFA World Cup 2026, Telemundo, the exclusive Spanish-language home of the tournament in the United States, has announced th...
12/05/2026
The NHL has announced the return of Stanley Pup for its third consecutive year, a 90-minute special featuring adoptable rescue dogs competing on a miniature rin...
12/05/2026
NBCUniversal presented its 2026 Upfront to advertisers at Radio City Music Hall, detailing upcoming programming across NBC, Peacock, Bravo, and Versant properti...
12/05/2026
FOX Sports has announced funding for the Fandom and Social Connection Initiative at Harvard Kennedy School's Shorenstein Center on Media, Politics, and Publ...
12/05/2026
TNDV and Live Media, both divisions of Live Media Group, supported live broadcast coverage around NCAA Final Four weekend in Indianapolis, including the March M...
12/05/2026
The European Football Alliance (EFA) has announced a content distribution agreement with Fubo Sports Network, the free ad-supported streaming TV (FAST) channel ...
12/05/2026
For the first time, Spanish-speaking fans in the U.S. will have two separate tel...
12/05/2026
CP Communications led a comprehensive spectrum management initiative on behalf of Churchill Downs during Kentucky Derby week, coordinating RF assets across the ...
12/05/2026
LiveU has announced a strategic partnership with DRONERESPONDERS, a 501(c)3 non-...
12/05/2026
Open Broadcast Systems has announced that BMC TV, a specialist in IP transport of broadcast content, has selected the Open Broadcast Systems 5G Flyaway solution...
12/05/2026
NEP Europe, part of NEP Group, has announced it will deliver broadcast solutions...
12/05/2026
Grass Valley has announced continued collaboration with Ravensbourne University ...
12/05/2026
Stats Perform has announced the launch of Opta Pulse, an AI-assisted video creation and distribution platform for leagues, rights holders, and broadcasters. The...
12/05/2026
FOX Sports has announced a collaboration with Sesame Workshop to integrate Sesame Street characters into FOX Sports' FIFA World Cup 2026 programming. Conten...
12/05/2026
To date, NHL Productions has produced 19 broadcasts with commentary in American Sign Language
NHL in ASL (American Sign Language) may be just one show, but the...
12/05/2026
Google's Brian Albert: creators, athletes, highlights, nostalgia, second-scr...
12/05/2026
A still from Past Lives by Celine Song, an official selection of the Premieres program at the 2023 Sundance Film Festival. (Courtesy of Sundance Institute | p...
12/05/2026
Spotify is where fans and artists come together, turning discovery into somethin...
12/05/2026
Features patented Marco-MMC clocking technology
Black Lion Audio's latest release combines the company's expertise in clocking with their renowned p...
12/05/2026
New Track Panel, sequencer upgrades & more
Following their recent public beta release, Reason Studios have announced the full release of Reason 14. With the...
12/05/2026
One month to go! SBS reveals expansive FIFA World Cup 2026 lineup beyond the pi...
12/05/2026
Rohde & Schwarz presents its advanced solutions for power electronics testing at...
12/05/2026
aconnic AG (ISIN: DE000A0LBKW6), Munich, has developed a modified fund raising p...
12/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/05/2026
Tyrell Corporation, specialists in high-end live sports and entertainment broadcasts, was tasked with delivering compelling broadcast coverage of premier equest...
12/05/2026
Registration is now open for IBC2026 as the global media, entertainment and technology community prepares to converge on the RAI Amsterdam from 11 14 September ...
12/05/2026
Ross Video, a global leader in live video production technology, will present its latest innovations and integrated production workflows at BroadcastAsia 2026, ...
12/05/2026
500 selected leaders from around the world across start-ups, corporates, and venture capital. Over 50bn in assets under management among attending investors, a...
28 Nov 2018
