- Title:
Completion of restructuring of notes - Time:
17:50:08 - Date:
16 Oct 2026 - Category:
Capital structure - ID:
3858Z
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT OR THE MEMORANDUM (AS DEFINED BELOW).
16 October 2026
Private Joint Stock Company "National Power Company "Ukrenergo"
ANNOUNCEMENT OF SUCCESSFUL completion of the restructuring OF ITS OUTSTANDING U.S.$825,000,000 6.875 per cent. Guaranteed Sustainability-Linked GREEN Notes due 2028
On 28 August 2026, Ukrenergo (the "Issuer" or "Ukrenergo") announced the launch of a tender offer and exchange offer to the Eligible Holders of the U.S.$825,000,000 6.875 per cent. Guaranteed Sustainability-Linked Notes due 2028 (Regulation S ISIN: XS2404309754, Common Code: 240430975; Rule 144A ISIN: US63718LAA26, CUSIP: 63718LAA2) (the "Existing Notes") to offer to (i) tender their holdings of Existing Notes (together with all Accrued and Past Due Interest thereon) for purchase by Ukrenergo for cash, at a price to be determined pursuant to an unmodified Dutch auction in respect of the Existing Notes (the "Tender Offer"), or (ii) in respect of Eligible Holders only, exchange their holdings of Existing Notes (together with all Accrued and Past Due Interest thereon) for New Notes (Regulation S ISIN: XS3526064210, Rule 144A ISIN: US74291NAA00, CUSIP: 74291NAA0 (the "Exchange Offer"), as more fully described in the Tender Offer, Exchange Offer and Consent Solicitation Memorandum dated 28 August 2026 (the "Memorandum").
Ukrenergo also solicited consents from the beneficial holders of the outstanding Existing Notes (the "Holders" or the "Noteholders") to consider and, if thought fit, pass an extraordinary resolution (the "Extraordinary Resolution") at a meeting of the Noteholders to be held on 1 October 2026 (the "Meeting") to approve, inter alia, certain Amendments to the Existing Notes to create the Amended Notes and amend and restate the Guarantee as well as to approve the Exchanged Bonds Cash Allocation Mechanism, Non-Participating Holder Cash Allocation Mechanism and the Mandatory Exchange (the "Consent Solicitation" and, together with the Exchange Offer and the Tender Offer, the "Invitation") to meet the requirements of the New Financing.
Terms used in this announcement but not defined herein have the respective meanings given to them in the Memorandum, which is available to Holders from the Offer Website: https://projects.sodali.com/Ukrenergo, subject to eligibility confirmation and registration, or by contacting Sodali & Co (the "Invitation Agent").
Ukrenergo is pleased to announce that following the satisfaction of all Conditions to the Invitation, Settlement of the Invitation has been successfully completed and the Effective Time has occurred.
This announcement is released by Ukrenergo, and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, encompassing information relating to the Exchange Offer, Consent Solicitation and the Invitation described above.
Any questions regarding the terms of the Tender Offer, Exchange Offer and Consent Solicitation may be directed to the Invitation Agent at the address and telephone number specified below:
Sodali & Co:
|
In London: London EC3V 4AB United Kingdom |
In Stamford: 333 Ludlow Street South Tower, 5th Floor Stamford, CT 06902 United States of America |
In Hong Kong: 90 Connaught Road Central Sheung Wan Hong Kong |
|
Telephone: +44 20 4513 6933 |
Telephone: +1 203 658 9457 |
Telephone: +852 2319 4130 |
Offer Website: https://projects.sodali.com/Ukrenergo
Email: [email protected]
Completion of restructuring of notes17:50:0816 Oct 2026Capital structure3858Z