Street Calls of the Week
LONDON - HTA Group, Ltd, a wholly owned subsidiary of telecommunications infrastructure company Helios Towers plc, announced Tuesday a tender offer to repurchase up to $120 million of its outstanding $300 million guaranteed senior unsecured convertible bonds due 2027.
The company is offering eligible bondholders outside the United States a repurchase price of $198,250 per $200,000 principal amount, representing a 97.625% ask price plus a 1.5% repurchase premium. The company will also pay accrued and unpaid interest from September 18, 2025, to the settlement date.
The invitation period began after 4:30 p.m. BST on Tuesday and ends at 8:00 p.m. BST the same day, though the company reserves the right to extend, reopen, amend or terminate the offer.
Bonds purchased through this tender will be surrendered for cancellation, while non-tendered bonds will remain outstanding. The company noted it may continue to purchase bonds through open market transactions.
Jefferies International Limited is acting as dealer manager for the tender offer, which excludes bondholders located or resident in the United States or in jurisdictions where such an offer would be unlawful.
The aggregate principal amount of bonds accepted for purchase is expected to be announced Wednesday, with settlement occurring around October 10, 2025.
The announcement was made based on a press release statement from Helios Towers.
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