Exchange Offer on certain series of TIM, Telecom Italia Finance and Telecom Italia Capital Notes in preparation for NetCo Deal
On April 18, 2024, each of TIM S.p.A (“TIM”), Telecom Italia Finance (“TIF”) and Telecom Italia Capital (“TICAP”), (together the “Issuers” and each, an “Issuer”) announced that it has commenced an invitation to holders to offer to exchange (the “EUR TIM Exchange Offers”, the “EUR TIF Exchange Offer” and the “USD Exchange Offers” respectively and, collectively, the “Exchange Offers” and each, an “Exchange Offer”) up to 5.0 billion euro in aggregate principal amount of their respective securities listed below (the “Original Notes”) for an equal aggregate principal amount of new securities listed below (the “New Notes”), as further described in the exchange offer memorandum with respect to the EUR TIM Exchange Offers (the “EUR TIM Exchange Offer Memorandum”), the exchange offer memorandum with respect to the EUR TIF Exchange Offer (the “EUR TIF Exchange Offer Memorandum”) and the exchange offer memorandum with respect to the USD Exchange Offers (the “USD Exchange Offer Memorandum” and, collectively, the “Exchange Offer Memoranda” and each, an “Exchange Offer Memorandum”).
Further information: Redacted version of Exchange Offer Memorandum