Welcome!

News Feed Item

Achmea Hypotheekbank N.V. Announces Expiration and Final Results of its Cash Tender Offer for certain of its outstanding debt securities

TILBURG, The Netherlands, Dec. 26, 2012 /PRNewswire/ -- In respect of its previously announced cash tender offer to purchase up to U.S.$900,000,000 aggregate principal amount of its outstanding U.S.$2,750,000,000 Fixed Rate Notes due 2014 guaranteed by the State of the Netherlands (of which U.S.$1,850,000,000 is currently outstanding) (the "First Priority Notes") and its outstanding U.S.$500,000,000 Floating Rate Notes due 2014 guaranteed by the State of the Netherlands (the "Second Priority Notes" and together, the "Notes"), Achmea Hypotheekbank N.V. ("Achmea") announced today the expiration and final results of the tender offer.

The tender offer expired at 11:59 p.m., New York City time, on December 24, 2012 (the "Expiration Time").

Achmea hereby announces that it has accepted for purchase U.S.$900,001,000 in aggregate principal amount of the First Priority Notes (such amount being the Maximum Tender Amount) validly tendered for purchase pursuant to the tender offer.

The table below lists the results of the tender offer as at the Expiration Time, based on information provided by Global Bondholder Services Corporation, the depositary for the tender offer.

ISINs

CUSIP
Numbers

Title of Security

Priority Acceptance Level

Principal
Amount Outstanding

Principal Amount
Tendered

Approximate Percentage of
Outstanding
Amount Tendered

Principal
Outstanding
Amount of Notes Tendered that are to be Accepted

US00448MAA99 (Rule 144A)/
US00448NAA72 (Regulation S)

00448MAA9 (Rule 144A)/
00448NAA7
(Regulation S)

U.S.$2,750,000,000 Fixed Rate Notes due 2014 Guaranteed by the State of the Netherlands issued by Achmea

1

U.S.$1,850,000,000

U.S.$1,096,057,000

59.25%

U.S.$900,001,000

US00448MAB72 (Rule 144A)/
US00448NAB55
(Regulation S)

00448MAB7 (Rule 144A)/
00448NAB5 (Regulation S)

U.S.$500,000,000 Floating Rate Notes due 2014 Guaranteed by the State of the Netherlands issued by Achmea

2

U.S.$500,000,000

U.S.$254,450,000

50.89%

 

Tendered Notes have been accepted in the order of the priority acceptance levels set forth in the tender offer results table above, except that Achmea will only accept an aggregate principal amount of First Priority Notes that do not exceed the Maximum Tender Amount. As tenders of an aggregate principal amount of more than the Maximum Tender Amount of the First Priority Notes were received, Achmea will not accept any Second Priority Notes for purchase.

First Priority Notes validly tendered are being accepted for purchase by Achmea subject to a pro-ration factor of 86.7714 per cent. The Settlement Date is expected to be tomorrow, December 27, 2012.

Holders of First Priority Notes validly tendered and accepted for purchase prior to the Early Tender Time will receive the Total Consideration (U.S.$1,051.74 per U.S.$1,000 principal amount) in respect of such First Priority Notes. Holders of the First Priority Notes validly tendered and accepted for purchase after the Early Tender Time but prior to the Expiration Time will receive the Tender Offer Consideration (U.S.$1,021.74 per U.S.$1,000 principal amount) in respect of such First Priority Notes.

Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and Societe Generale acted as dealer managers for the tender offer. Questions regarding the tender offer may be directed to Citigroup Global Markets Limited, at (800) 558-3745 (toll free) or (212) 723-6106 (collect) within the U.S. and +44 20 7986 8969 outside the U.S.; Deutsche Bank AG, London Branch at (866) 627-0391 (toll-free) or (212) 250-2955 (collect) within the U.S. and +44 20 7545 8011 outside the U.S.; or Societe Generale, at (212) 278 6964 (collect) within the U.S. and +44 207 676 7442 outside the U.S. Requests for documents may be directed to Global Bondholder Services Corporation, the depositary and information agent for the Offer, at (866) 736-2200 (toll free) or at (212) 430-3774 (collect).

The tender offer was made solely by the offer to purchase dated November 27, 2012 (the "Offer to Purchase") and the related Letter of Transmittal, which set forth the terms and conditions of the tender offer.

Capitalised terms used herein have the same meaning as in the Offer to Purchase.

About Achmea

Achmea Hypotheekbank N.V. is a fully owned subsidiary of Achmea Bank Holding N.V. Achmea Bank Holding N.V. is a fully owned subsidiary of Achmea B.V. Achmea Hypotheekbank N.V. has its registered office at Spoorlaan 298, 5017 JZ Tilburg, The Netherlands.

Forward-Looking Statements

Achmea considers portions of this announcement and the Offer to Purchase and the documents incorporated by reference to be forward-looking statements. Forward-looking statements can be identified by the use of words such as "may", "will", "plan", "should", "expect", "anticipate", "estimate", "continue" or comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which Achmea cannot predict with accuracy and some of which Achmea might not even anticipate. Although Achmea believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, Achmea can give no assurance that such expectations will be achieved. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements as a result of risks and uncertainties, including, without limitation, possible changes in the timing and consummation of the Offer. Holders are cautioned not to place undue reliance on these forward-looking statements. Achmea assumes no obligation to update and supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise except as may be required under Rule 14e-l under the Securities Exchange Act of 1934 (the "Exchange Act").

The forward-looking statements contained in this announcement and the Offer to Purchase speak only as of the date of this announcement and the Offer to Purchase. Achmea undertakes to publicly update, to the extent required by federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Achmea Hypotheekbank is licensed as a financial services provider under the Financial Supervision Act (Wft). Achmea Hypotheekbank provides mortgage loans only for owner-occupied residential properties in the Netherlands. Achmea Hypotheekbank had a mortgage portfolio of EUR 11.9 billion at the end of June 2012 and profit before income taxes for the first half of 2012 amounted to EUR 1 million, excluding changes in fair value of financial instruments. All the shares in the company are held by Achmea Bank Holding NV, which in turn is wholly owned by Achmea B.V.

SOURCE Achmea Hypotheekbank N.V.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.