#None #Senior Secured Notes #Cash Tender Offer #Transurban Finance

Transurban Finance Company Updates Tender Offer

Transurban Finance Company Pty Ltd has recently made headlines with its announcement regarding the early tender results of its cash tender offer for its $550 million 3.375% Guaranteed Senior Secured Notes that are due in 2027. This move is crucial for investors and outlines the company's strategy for refinancing existing debt.

Overview of the Offer

On December 3, 2025, the company disclosed that it is providing an offer to purchase a substantial amount of its outstanding notes, yielding an important update for stakeholders. Notably, the cash tender offer stipulates terms under which investors can sell back their notes, with details outlined in the Offer to Purchase dated November 17, 2025.

As of the early tender deadline on December 2, 2025, the principal amount tendered stood at approximately $259.68 million. The company has informed the market that the early participants in the offer can expect to receive an Early Tender Offer Consideration, which not only includes a premium but also any accrued interest on the notes. Such considerations are designed to incentivize noteholders to participate before the early tender deadline, which ultimately aims to streamline Transurban's debt maturity profile.

Updated Maximum Acceptance Amount

Significantly, the company has revised the Maximum Acceptance Amount from approximately $107.43 million to an increased threshold of $118.5 million. This change reflects the heightened interest from investors that may drive the company to acquire more outstanding notes than initially intended. This strategic adjustment is a demonstration of the company's proactive management of its capital structure and reflects strong market confidence in its future.

The tendering process is governed by a set of clear rules, upon which noteholders are advised to rely on the Offer to Purchase for guidance. These details are crucial as the offer progresses towards its expiration deadline set for December 17, 2025.

Anticipated Settlement

The company anticipates an early settlement date on December 5, 2025, for the notes that have been validated through the tender process. This timeline will allow participating noteholders to receive their payments relatively swiftly after their notes are accepted for purchase. It is vital for investors to recognize that any notes tendered after the early tender deadline will not be accepted, thus emphasizing the importance of timely decision-making.

In summary, Transurban Finance's restructuring efforts through this cash tender offer are positioned to optimize its financial strategy. As the company seeks to improve its debt profile, investors are encouraged to deliberate on their positions carefully and engage with the Offer to Purchase for comprehensive insights.

Conclusion

Transurban Finance Company’s proactive approach to refining its existing debt is a significant development within the financial markets. The adjustments to both the tender offer and the acceptance amounts highlight the company’s commitment to maintaining a robust financial footing. As always, stakeholders are advised to stay informed and consult the relevant documentation for deeper insights into financial opportunities and risks. With the evolving landscape of financial instruments such as secured notes, Transurban’s actions will be closely monitored for future implications in both the markets and the company’s operational strategies.