#Australia #Sydney #Transurban Finance #Guaranteed Senior Secured Notes #Euro Tender Offers

Transurban Finance Company Announces Cash Tender Offer Details

Transurban Finance Company Pty Ltd, a key player in the infrastructure sector, has recently disclosed crucial details regarding its cash tender offer for the 3.375% Guaranteed Senior Secured Notes, set to mature in 2027. The company's official announcement made on November 25, 2025, outlined the Maximum Acceptance Amount that will be accepted for this offer, ensuring stakeholders are informed and prepared for the financial opportunities ahead.

What is the Tender Offer?

The offer pertains to the purchase of outstanding Senior Secured Notes totaling US$550 million. These notes are guaranteed by several entities affiliated with Transurban, including Transurban Holdings Limited, and are crucial for the company's capital management strategy. The Maximum Acceptance Amount for this transaction is pegged at a principal amount equivalent to approximately US$107.4 million, not including accrued interest payments. This figure reflects the company's systematic approach to enhancing its financial health and optimizing its debt portfolio.

Understanding the Details of the Offer

To calculate this Maximum Acceptance Amount, Transurban relied on specific financial metrics, including the euro equivalent of funds. By using an exchange rate of US$1.15345 to €1.00, the company determined the net amount available for the tender offer after accounting for other established obligations under Euro Tender Offers. Notably, previous Euros notes totaling €406.9 million will be accepted as part of this calculation, delineating the thoughtfully structured nature of this financial maneuver.

Condition of the Offer

The success of this offer is contingent upon the successful issuance of new bonds in the Euro bond market, which is scheduled to finalize on November 26, 2025. Such strategic timing showcases Transurban's proactive approach in navigating complex market conditions while meeting its fiscal responsibilities. The bond issuance is expected to satisfy the necessary financing conditions linked to this offer, ensuring a seamless transaction for interested noteholders.

Importance for Investors

The announcement comes with a reminder for noteholders to thoroughly review the Offer to Purchase document dated November 17, 2025. This document provides critical information regarding the tender offer, procedures to participate, and other essential details that investors must be aware of before making any financial decisions. Interested parties are encouraged to access this document through the designated online platforms provided by Transurban to avoid missteps in the tendering process.

Key Contacts

Investors can contact Merrill Lynch International, acting as the Dealer Manager, for further inquiries or assistance. Their offices are located in London, with multiple contact options available for both U.S. and European stakeholders. Furthermore, Kroll Issuer Services Limited serves as the Information Tender Agent, providing another avenue for investors to clarify the tender offer processes and criteria.

Conclusion

As Transurban Finance Company Pty Ltd navigates the complexities of its tender offer for the Senior Secured Notes, the emphasis on strategic financial management and transparency is evident. The proactive measures being taken not only bolster confidence among current noteholders but also position the company favorably within the competitive landscape of infrastructure financing. Stakeholders must remain vigilant and informed, as the financial landscape evolves with this significant development.

This announcement is a critical reminder of the dynamic nature of bond markets and the importance of strategic financial planning. Investors are encouraged to stay updated on any further developments from Transurban and engage with financial advisors for personalized guidance.