60%+ returns in 2025: Here’s how AI-powered stock investing has changed the game
LONDON - Transurban Finance Company Pty Ltd, part of the $30.46 billion market cap toll road operator Transurban Group, announced Tuesday a Maximum Acceptance Amount of $107,428,162.71 for its cash tender offer to purchase a portion of its outstanding $550 million 3.375% Guaranteed Senior Secured Notes due 2027.
The amount represents the aggregate purchase price, excluding accrued interest payments, for the U.S. dollar equivalent of €500 million less €406,863,615.49, which is the aggregate purchase price payable for Existing Euro Notes validly tendered in the Euro Tender Offers.
The company used an exchange rate of $1.15345 = €1.00 to determine the Maximum Acceptance Amount, calculated at 5:00 a.m. New York City time on November 25, 2025.
Transurban stated that the offer is conditional on the completion of a new issuance in the Euro bond market that priced on November 17, 2025, and is expected to settle on November 26, 2025. The settlement of these New Notes will satisfy the financing condition of the offer.
The company reserves the right to increase or decrease the Maximum Acceptance Amount at any time, though it is under no obligation to do so, subject to applicable law.
The notes are guaranteed by Transurban Holdings Limited, Transurban International Limited, Transurban Infrastructure Management Limited in its capacity as responsible entity of the Transurban Holding Trust, and Transurban Limited.
Merrill Lynch International is serving as the Dealer Manager for the offer, with Kroll Issuer Services Limited acting as the Information & Tender Agent.
According to the press release statement, the offer remains subject to the terms and conditions set out in the offer to purchase dated November 17, 2025.
In other recent news, Transurban Finance Company Pty Ltd has initiated a cash tender offer to buy back up to €500 million equivalent of its outstanding US$550 million 3.375% Guaranteed Senior Secured Notes that are due in 2027. This move is part of a larger refinancing strategy aimed at managing the company’s debt obligations. The strategy also involves concurrent tender offers for two series of euro-denominated notes under its Euro Medium Term Note Programme. These developments reflect Transurban Finance’s ongoing efforts to optimize its financial structure and potentially reduce financing costs. The company’s actions are in line with typical corporate strategies to manage and refinance existing debt. Investors may find these strategic financial maneuvers indicative of Transurban’s approach to handling its financial commitments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.