Aydem Yenilenebilir Enerji Announces Cash Offer for Green Notes Maturing in 2027
On September 18, 2025, Aydem Yenilenebilir Enerji A.Ş. announced a cash offer to purchase its 7.75% Senior Secured Green Notes due on February 2, 2027. This strategic move is part of the company's ongoing efforts to manage future debt obligations effectively and improve its financial structure.
The Offeror is inviting all holders of these notes, which amount to approximately $539,285,600, to sell their securities back at a price of 101.9375% of the principal amount. This reflects an attractive offer of $1,019.375 per $1,000 note, encouraging stakeholders to engage in this transaction.
The timing of this offer is particularly opportune, given that Aydem aims to proactively prepare for its upcoming debt maturities. By repurchasing these green notes, the company can not only manage its debt levels but also extend the maturity profile of its financial commitments. Such actions reflect a continued commitment to ensure liquidity and foster financial stability in the long run.
Additionally, Aydem Yenilenebilir Enerji has plans to issue new $-denominated fixed rate senior secured green notes. This undertow of financing, subject to market conditions, aims to solidify the company's financial position further and facilitate the buyback of existing notes. This new offering is critical and contingent upon the successful completion of the deal, with the Offeror set to proceed only if it raises at least the same nominal amount as the financial obligation being addressed.
These dates provide a clear framework for current noteholders to assess the opportunity and execute their decisions within the stipulated periods.
Aydem Yenilenebilir Enerji's initiative underscores its commitment to maintaining a robust financial profile, effectively managing its debt obligations while adapting to market conditions. As the company looks forward, the successful execution of this cash offer could set the stage for future growth and sustainability in Turkey's renewable energy sector. Stakeholders are encouraged to carefully review the Tender Offer Memorandum available through the issuer services website. This is crucial for making informed decisions regarding their participation in this financial maneuver.
For further inquiries regarding the Offer, holders can contact the Dealer Managers:
Lastly, for processing relevant transactions, holders may reach out to Citibank, N.A. at +44 (0) 20 7508 3867.
In summary, this cash offer by Aydem Yenilenebilir Enerji A.Ş. presents an essential financial strategy aimed at strengthening its market position and optimizing its debt profile for the future.
Details of the Offer
The Offeror is inviting all holders of these notes, which amount to approximately $539,285,600, to sell their securities back at a price of 101.9375% of the principal amount. This reflects an attractive offer of $1,019.375 per $1,000 note, encouraging stakeholders to engage in this transaction.
Importance of the Offer
The timing of this offer is particularly opportune, given that Aydem aims to proactively prepare for its upcoming debt maturities. By repurchasing these green notes, the company can not only manage its debt levels but also extend the maturity profile of its financial commitments. Such actions reflect a continued commitment to ensure liquidity and foster financial stability in the long run.
New Financing Plans
Additionally, Aydem Yenilenebilir Enerji has plans to issue new $-denominated fixed rate senior secured green notes. This undertow of financing, subject to market conditions, aims to solidify the company's financial position further and facilitate the buyback of existing notes. This new offering is critical and contingent upon the successful completion of the deal, with the Offeror set to proceed only if it raises at least the same nominal amount as the financial obligation being addressed.
Indicative Timeline of the Offer
- - Commencement Date: September 18, 2025
- - Expiration Date: September 29, 2025
- - Results Announcement: September 30, 2025
- - Expected Settlement Date: October 2, 2025
- - Guaranteed Delivery Expiration Date: October 1, 2025
These dates provide a clear framework for current noteholders to assess the opportunity and execute their decisions within the stipulated periods.
Conclusion
Aydem Yenilenebilir Enerji's initiative underscores its commitment to maintaining a robust financial profile, effectively managing its debt obligations while adapting to market conditions. As the company looks forward, the successful execution of this cash offer could set the stage for future growth and sustainability in Turkey's renewable energy sector. Stakeholders are encouraged to carefully review the Tender Offer Memorandum available through the issuer services website. This is crucial for making informed decisions regarding their participation in this financial maneuver.
Dealer Managers and Contacts
For further inquiries regarding the Offer, holders can contact the Dealer Managers:
- - Citigroup Global Markets Limited: +44 20 7986 8969, *client services available
- - Goldman Sachs International: +44 20 7774 4836
- - Morgan Stanley & Co. International plc: +44 20 7677 5040
Tender Agent
Lastly, for processing relevant transactions, holders may reach out to Citibank, N.A. at +44 (0) 20 7508 3867.
In summary, this cash offer by Aydem Yenilenebilir Enerji A.Ş. presents an essential financial strategy aimed at strengthening its market position and optimizing its debt profile for the future.
Topics Financial Services & Investing）
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