Success of the tender offer on existing RT1 Notes for an amount of EUR 186.4 million

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SCOR SE (the “Company") announces the success of the tender offer in cash (the “Tender Offer”) for any and all of its EUR 250,000,000 Fixed to Reset Rate Undated Subordinated Notes (ISIN: FR0012199123) (being eligible as Tier 1 Own Funds regulatory capital and benefitting from transitional measures for tiering of subordinated liabilities until the end of December 2025) issued on 1st October 2014, with a First Call Date on 1st October 2025 (the “Notes”).

The Tender Offer expired at 5:00 p.m. (CET) on 18 December 2024 and the settlement date of the Tender Offer is expected to be on 23 December 2024.

The aggregate principal amount of Notes validly tendered and accepted by the Company in the context of the Tender Offer is EUR 186.4 million. The Notes repurchased pursuant to the Tender Offer will be cancelled by the Company.

Following the settlement of the Tender Offer, the remaining outstanding amount of the Notes will thus amount to EUR 63.6 million in principal amount of the Notes and will remain admitted to trading on the regulated market of the Luxembourg Stock Exchange.

 

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CONTACT
Headshot of Thomas Fossard, Head of Investor Relations at SCOR
Thomas
Fossard
Investor Relations
Headshot of Alexandre Garcia, Head of Group Communications and Public Affairs at SCOR
Alexandre
Garcia
Media Relations
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Front page of SCOR press release for tender results of December 19 2024
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