Vodafone Accepts Early Tender Offer for Seven Series of Notes: A Financial Milestone for the Telecommunications Giant.

Vodafone Group Plc, a global mobile telephone operator, has accepted an early tender offer for seven series of notes. The company is organized into two sectors: mobile telecommunication services and fixed telecommunication services. Net sales are distributed geographically across the UK, Germany, Europe, Africa, Turkey, and other regions.

Vodafone Group Plc, a global mobile telephone operator, has accepted an early tender offer for seven series of notes. The company, organized into two sectors—mobile telecommunication services and fixed telecommunication services—announced the early results of its cash tender offers on July 15, 2025. The notes, denominated in U.S. Dollars and Sterling, include various maturities ranging from 2043 to 2059. The maximum tender amount was increased from €2,000,000,000 to €2,500,000,000 equivalent [1].

The early tender results, as of 5:00 p.m. New York City time on July 14, 2025, indicate that €2,741,683,891 (equivalent) in aggregate principal amount of the notes were validly tendered and not validly withdrawn. The maximum tender amount is based on the aggregate purchase price (excluding Accrued Interest) payable for such notes, which will be determined at the Price Determination Date [1].

The following table sets forth the aggregate principal amount of each series of notes that were validly tendered and not validly withdrawn in the offers at or prior to the Early Tender Deadline:

| Title of Security | CUSIP/ISIN / Common Code | Principal Amount Outstanding | Acceptance Priority Level | Sub-Cap(2) | Aggregate Principal Amount Tendered |
|---|---|---|---|---|---|
| USD 4.25% Notes due September 17, 2050 (the "2050 Notes") | 92857WBU3 / US92857WBU36 / N/A | $1,500,000,000 | 1 | $750,000,000 | $671,058,000 |
| USD 5.125% Notes due June 19, 2059 (the "2059 Notes") | 92857WBT6 / US92857WBT62 / N/A | $500,000,000 | 2 | N/A | $196,695,000 |
| GBP 3.00% Notes due August 12, 2056 (the "2056 Notes") | N/A / XS1472483772 / 147248377 | £1,000,000,000 | 3 | N/A | £677,854,000 |
| USD 4.875% Notes due June 19, 2049 (the "USD 2049 Notes") | 92857WBS8 / US92857WBS89 / N/A | $1,750,000,000 | 4 | N/A | $563,960,000 |
| GBP 3.375% Notes due August 2049 (the "GBP 2049 Notes") | N/A / XS1468494239 / 146849423 | £800,000,000 | 5 | N/A | £464,109,000 |
| USD 5.25% Notes due May 30, 2048 (the "2048 Notes") | 92857WBM1 / US92857WBM10 / N/A | $1,443,947,000 | 6 | N/A | $185,834,000 |
| USD 4.375% Notes due February 19, 2043 (the "2043 Notes") | 92857WBD1 / US92857WBD11 / N/A | $751,064,000 | 7 | N/A | $47,313,000 |

The company expects the Early Settlement Date to occur on the second business day after the Price Determination Date, July 17, 2025. Holders who validly tendered and did not validly withdraw their notes at or prior to the Early Tender Deadline will receive the applicable Total Consideration, including the Early Tender Premium [1].

Holders who have not yet tendered their notes have until 5:00 p.m. New York City time on July 29, 2025, to tender their notes and receive the applicable Total Consideration, including the Early Tender Premium, unless the deadline is extended or earlier terminated by the company [1].

For additional information, contact the dealer managers at Merrill Lynch International or Deutsche Bank Securities, or the Tender and Information Agent at the details provided in the announcement [1].

References:
[1] Vodafone Group Public Limited Company | VOD | 80.8 -0.74 (-0.9%) | Mkt Cap: 19,674m. Retrieved from https://www.research-tree.com/newsfeed/article/vodafone-group-plc-early-results-of-cash-tender-offers-announced-2920601