Deutsche Bank Announces Expiration & Final Results of Exchange Offer & Cash Tender Offer for Its Outstanding 4.25% Senior Not...
May 17 2017 - 10:23AM
Business Wire
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO ANY JURISDICTION INTO WHICH SUCH
DISTRIBUTION WOULD BE UNLAWFUL. THIS NOTICE IS FOR INFORMATION ONLY
AND IS NOT AN OFFER TO EXCHANGE, PURCHASE OR SELL SECURITIES. THE
EXCHANGE OFFER AND THE TENDER OFFER DISCUSSED BELOW WERE MADE
SOLELY PURSUANT TO THE RESPECTIVE OFFER DOCUMENTS.
Deutsche Bank Aktiengesellschaft (XETRA: DBKGn.DE / NYSE: DB)
(“Deutsche Bank”) announced today the expiration as of 11:59 p.m.,
New York City time, on May 16, 2017, of the previously announced
offer to exchange up to $4,500,000,000 aggregate principal amount
of its outstanding 4.25% Senior Notes due 2021 (the “Original
Notes”) for a like principal amount of its 4.25% Eligible
Liabilities Senior Notes due 2021 (the “Exchange Notes”) that are
registered under the U.S. Securities Act of 1933, as amended (the
“Exchange Offer”). $3,644,873,000 of aggregate principal amount of
Original Notes were validly tendered and accepted for exchange into
Exchange Notes.
Deutsche Bank also announced the expiration as of 11:59 p.m.,
New York City time, on May 16, 2017, of the previously announced
offer to purchase up to $1,000,000,000 aggregate principal amount
of the Original Notes for cash (the “Tender Offer”). $673,305,000
of aggregate principal amount of Original Notes were validly
tendered and accepted for purchase in the Tender Offer.
Deutsche Bank had launched the Tender Offer and Exchange Offer
on April 19, 2017. On May 18, 2017, Deutsche Bank expects
to issue the Exchange Notes and to settle the purchases of any
Original Notes purchased in the Tender Offer that have not yet been
settled.
Deutsche Bank’s affiliate, Deutsche Bank Securities Inc., served
as Dealer Manager in connection with the Exchange Offer and Tender
Offer, and Global Bondholder Services Corporation served as
Exchange Agent and Information Agent for the Exchange Offer and as
Tender Agent and Information Agent for the Tender Offer.
Further details can be found on Deutsche Bank’s Investor
Relations website under https://www.db.com/ir.
DISCLAIMERS
THIS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN
OFFER OR SOLICITATION TO EXCHANGE OR PURCHASE ORIGINAL NOTES. THE
EXCHANGE OFFER AND TENDER OFFER WERE MADE SOLELY PURSUANT TO THE
OFFER DOCUMENTS, WHICH SET FORTH THE COMPLETE TERMS OF THE EXCHANGE
OFFER AND TENDER OFFER.
NONE OF DEUTSCHE BANK AG, THE EXCHANGE AGENT, THE INFORMATION
AGENT, THE TENDER AGENT OR THE DEALER MANAGER EXPRESSED ANY OPINION
AS TO WHETHER THE TERMS OF THE EXCHANGE OFFER AND TENDER OFFER WERE
FAIR. NONE OF DEUTSCHE BANK AG, THE EXCHANGE AGENT, THE INFORMATION
AGENT, THE TENDER AGENT OR THE DEALER MANAGER MADE ANY
RECOMMENDATION THAT HOLDERS TENDER THEIR ORIGINAL NOTES OR REFRAIN
FROM DOING SO PURSUANT TO THE EXCHANGE OFFER OR TENDER OFFER, AND
NO ONE WAS OR IS AUTHORIZED BY ANY OF THEM TO MAKE ANY SUCH
RECOMMENDATION.
This release contains forward-looking statements.
Forward-looking statements are statements that are not historical
facts; they include statements about our beliefs and expectations
and the assumptions underlying them. These statements are based on
plans, estimates and projections as they are currently available to
the management of Deutsche Bank. Forward-looking statements
therefore speak only as of the date they are made, and Deutsche
Bank undertakes no obligation to update publicly any of them in
light of new information or future events.
By their very nature, forward-looking statements involve risks
and uncertainties. A number of important factors could therefore
cause actual results to differ materially from those contained in
any forward-looking statement. Such factors include the conditions
in the financial markets in Germany, in Europe, in the United
States and elsewhere from which Deutsche Bank derives a substantial
portion of its revenues and in which it holds a substantial portion
of its assets, the development of asset prices and market
volatility, potential defaults of borrowers or trading
counterparties, the implementation of its strategic initiatives,
the reliability of its risk management policies, procedures and
methods, and other risks referenced in Deutsche Bank’s filings with
the U.S. Securities and Exchange Commission. Such factors are
described in detail in Deutsche Bank’s SEC Form 20-F of
March 20, 2017 under the heading “Risk Factors”. Copies of
this document are readily available upon request or can be
downloaded from www.db.com/ir.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170517005828/en/
Deutsche Bank:Investor Relations+49 69 910 35395
(Frankfurt)+44 20 754 50279 (London)db.ir@db.comorMedia
RelationsKerrie McHugh+ 1 212 250 6853 (New
York)Kerrie.mchugh@db.com
Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart
From Apr 2023 to Apr 2024