ITV plc (ITV.L) has announced an invitation for holders of its outstanding €600 million 1.375% Notes due on 26 September 2026 to tender these Notes for cash purchase by ITV plc. The company plans to cancel the purchased Notes, ensuring they are neither re-issued nor re-sold. ITV plc intends to accept up to €240 million in aggregate nominal amount of these Notes for purchase.
Additionally, ITV plc will declare its plan to issue a new series of euro-denominated fixed rate notes under its €3 billion Euro Medium Term Note Programme on Friday.
The objective of this offer and the proposed issuance of new Notes is to efficiently extend the company's debt maturity profile.
