02 March 2015

VimpelCom Amsterdam B.V. Announces Cash Tender Offer for Certain Outstanding Debt Securities

VimpelCom Amsterdam B.V.announced today that it commenced a cash tender offer.

Amsterdam, Netherlands, 2 March 2015. VimpelCom Amsterdam B.V. (the “Company”) announced today that it commenced a cash tender offer (the “Offer”) for up to U.S.$2,100,000,000 aggregate principal amount (the “Maximum Tender Amount”) of the outstanding

  1. U.S.$500,000,000 6.493% Loan Participation Notes due 2016 issued by, but with limited recourse to, VIP Finance Ireland Limited (the “Series 1 Notes”),
  2. U.S.$600,000,000 8.25% Loan Participation Notes due 2016 issued by, but without recourse to, UBS (Luxembourg) S.A. (the “Series 2 Notes”),
  3. U.S.$1,000,000,000 9.125% Loan Participation Notes due 2018 issued by, but with limited recourse to, VIP Finance Ireland Limited (the “Series 3 Notes” and together with the Series 1 Notes and the Series 2 Notes, the “First Priority Notes”),
  4. U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland Limited (the “Series 4 Notes” and the “Second Priority Notes”),
  5. U.S.$500,000,000 6.2546% Guaranteed Notes due 2017 issued by VimpelCom Holdings B.V. (the “Series 5 Notes”),
  6. U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by VimpelCom Holdings B.V. (the “Series 6 Notes” and together with the Series 5 Notes, the “Third Priority Notes”), 
  7. U.S.$600,000,000 5.20% Notes due 2019 issued by VimpelCom Holdings B.V. (the “Series 7 Notes”) and
  8. U.S.$1,000,000,000 5.95% Notes due 2023 issued by VimpelCom Holdings B.V. (the “Series 8 Notes” and together with the Series 7 Notes, the “Fourth Priority Notes” and together with the First Priority Notes, the Second Priority Notes and the Third Priority Notes, the “Notes”).

Notes to Editors

LetterOne Technology is an investment vehicle of LetterOne Group focused on opportunities in the global telecommunication sector. LetterOne Technology has two portfolio investments: VimpelCom Ltd., one of the world’s largest integrated telecoms services operators providing voice and data services, and Turkcell, the leading telecoms operator in Turkey.

VimpelCom is one of the world’s largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies.

News Index