Orange Secures Noteholder Approval for French Law Alignment

Orange, a leading global telecommunications operator, has announced the successful completion of a consent solicitation in relation to certain outstanding notes. The company received approval from noteholders to amend the reporting provision of the 9.00% notes due 1 March 2031, aligning it with French law requirements. This move is expected to enhance Orange's compliance and operational efficiency.

The amendment was approved by a Qualified Majority of noteholders, demonstrating strong support for the company's initiative. The early consent fee, paid to noteholders who voted in favor of the amendment prior to the early voting deadline, played a crucial role in encouraging participation. This incentive helped ensure a quorate meeting and a successful vote.

The alignment with French law requirements is expected to bring several benefits to Orange. By adopting the amended reporting provision, the company can better comply with local regulations and improve its reporting processes. This change may also enhance transparency and investor confidence, particularly among French stakeholders.

The amended reporting provision aligns with French law by requiring Orange to report on a quarterly basis, rather than semi-annually. This change allows for more frequent and timely disclosure of financial information, enabling investors and stakeholders to make better-informed decisions.

Orange's commitment to aligning with French law requirements demonstrates its dedication to responsible business practices and investor relations. This move is expected to strengthen the company's position in the global telecommunications market and contribute to its long-term success.