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Final results of INWIT S.p.A. Tender Offer in respect of €1,000,000,000 1.875 per cent. Notes due 8 July 2026
Milan, 13 October 2025 - Infrastrutture Wireless Italiane S.p.A. (the Company) announces the final results of the invitation to holders of its €1,000,000,000 1.875 per cent. Notes due 8 July 2026 (ISIN: XS2200215213) (the Notes) issued by the Company, to tender their Notes for purchase by the Company for cash up to a Maximum Acceptance Amount of up to €700,000,000 in aggregate principal amount of Notes (the Offer).
The Offer was launched on 6 October 2025 and was made on the terms and subject to the conditions set out in the tender offer memorandum dated 6 October 2025 (the Tender Offer Memorandum). Capitalized terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
At the launch of the Offer, the principal outstanding amount of the Notes was €700,000,000 (the
Principal Outstanding Amount of the Notes).
The Company has determined that the Final Acceptance Amount is equal to €526,724,000, equal to all of the Notes validly tendered in the Offer, being 75.25 per cent. of the Principal Amount Outstanding of the Notes.
A summary of the final results is set out below:
Description of the Notes
ISIN / Common Code
Final Acceptance Amount
Purchase Price
Outstanding Nominal Amount after the Settlement Date
€1,000,000,000
1.875 per cent. Notes due 8 July 2026
XS2200215213 / 220021521
€526,724,000
99.65 per cent.
€173,276,000
The Settlement Date for the Offer is expected to be 14 October 2025.
The Company's €850,000,000 3.625 per cent. Sustainability-Linked Notes due 13 October 2032 (the New Notes) are expected to be issued today, 13 October 2025, upon which the New Financing Condition will be satisfied.
On the Settlement Date the Company will pay the Purchase Price and the Accrued Interest Payment to Noteholders who have validly tendered their Notes for purchase in respect of the Notes accepted for purchase pursuant to the Offer. All Notes acquired by the Company upon completion of the Offer will be cancelled. The aggregate nominal amount of Notes that will remain outstanding after the Settlement Date will be equal to €173,276,000.
BNP Paribas and Mediobanca - Banca di Credito Finanziario S.p.A. are acting as Global Coordinators and Dealer Managers of the Offer.
Kroll Issuer Services Limited is acting as Tender Agent of the Offer.
TENDER AGENT
Kroll Issuer Services Limited
The News Building
3 London Bridge Street London SE1 9SG United Kingdom
Tel: +44 20 7704 0880
Email: inwit@is.kroll.com Attention: David Shilson
This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. If you are in any doubt as to the contents of this announcement or the Tender Offer Memorandum or the action you should take, you are recommended to seek your own financial and legal advice, including as to any tax consequences, immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser.
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INWIT - Infrastrutture Wireless Italiane S.p.A. published this content on October 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 13, 2025 at 09:00 UTC.
Inwit S.p.A. specializes in telecommunications infrastructure hosting services for mobile network operators, TV and radio signals broadcasting service providers. Net sales break down by activity as follows:
- installation and management of passive telecom infrastructure (87.3%) including masts, towers, poles, electrical cabinets and power plants. The group also offers maintenance, security and surveillance services. At the end of 2024, Inwit S.p.A. operates over 25,000 macro sites in Italy;
- design, construction and installation of radio transmission equipment and antenna systems distributed for third parties (12.7%).
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