Not for distribution in the United States of America.
Orange S.A. successfully priced its issuance of EUR 500m undated 7.5 year non-call deeply subordinated fixed to reset rate notes with a fixed coupon of 1.75% until the first call date.
The notes are scheduled to be admitted to trading on Euronext Paris. It is also expected that rating agencies assign the notes a rating of Baa3/BBB- (Moody's/ S&P) and an equity content of 50%.
Proceeds will be used to general corporate purposes, including the potential refinancing of the EUR 500 million outstanding notes of the EUR 1.0bn deeply subordinated fixed to reset rate notes with first call date on February 7th 2020 (ISIN XS1028600473).
CAUTION: NOT FOR DISTRIBUTION IN THE UNITED STATES
This press release, of a purely informative nature, is not and cannot in any way be construed as an offering to sell any securities, or as a solicitation of any offer to buy securities, in any jurisdiction, including the United States, Japan, Australia, Canada and the United Kingdom. The securities mentioned in this press release have not been and will not be registered pursuant to the US Securities Act of 1933, as modified. They cannot be offered or sold in the United States absent registration or an exemption from registration. No public offer of these securities has been or will be made in the United States or elsewhere.