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TotalEnergies SE: Notice of Redemption Dated 29 March 2023

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TotalEnergies SE has announced the redemption of €1,000,000,000 of its Undated Non-Call 6.6 Year Deeply Subordinated Fixed Rate Resettable Notes, issued on 6 October 2016. The redemption will occur on 5 May 2023, with a redemption price of €102,708.00 per €100,000 denomination, inclusive of accrued interest. Following this, the redeemed notes will be cancelled. This move follows the terms outlined in the company's €35,000,000,000 Euro Medium Term Note Programme.

Positive
  • Redemption of €1 billion in notes reduces outstanding debt, enhancing financial stability.
  • Accrued interest payments suggest robust cash flow management.
Negative
  • None.

to the holders of the

€1,000,000,000 Undated Non-Call 6.6 Year

Deeply Subordinated Fixed Rate Resettable Notes

ISIN: XS1501167164

Common Code: 150116716

PARIS--(BUSINESS WIRE)-- Regulatory News:

NOTICE IS HEREBY GIVEN that, pursuant to Condition 6.2 (Optional Redemption) of the terms and conditions of the Euro 1,000,000,000 Undated Non-Call 6.6 Year Deeply Subordinated Fixed Rate Resettable Notes (the “Notes”) issued on 6 October 2016 by TotalEnergies SE (formerly TOTAL SE and TOTAL S.A.) (Paris:TTE) (LSE:TTE) (NYSE:TTE), incorporated as a European Company (societas europaea) registered in the Republic of France, under RCS 542 051 180 Nanterre) (the “Issuer”) under its €35,000,000,000 Euro Medium Term Note Programme described in the prospectus dated 4 October 2016 (the “Prospectus”), the Issuer hereby elects to redeem all of the Notes outstanding on the Redemption Date (as defined below) in an aggregate principal amount of €1,000,000,000 (the “Redeemed Notes”) on 5 May 2023 (the “Redemption Date”). This notice is irrevocable. Capitalized terms used herein and not defined are used as defined in the Prospectus.

The redemption price of the Redeemed Notes is equal to their principal amount, which is issued in denominations of €100,000, together with any accrued interest and Arrears of Interest (including any Additional Interest Amounts thereon), if any, on the Redeemed Notes, from 5 May 2022 to, but excluding, the Redemption Date (the “Redemption Price”). The Redemption Price amounts to €102,708.00 per €100,000 denomination.

Upon the Redemption Date, the Redeemed Notes will forthwith be cancelled.

The ISIN and Common Code numbers are included herein solely for the convenience of the registered owners of the Notes. No representation is made as to the correctness or accuracy of the ISIN or Common Code numbers either as printed on the Notes or as contained herein. Any redemption of the Notes shall not be affected by any defect in or omission of such identification numbers.

TotalEnergies SE

Source: TotalEnergies SE

FAQ

What amount did TotalEnergies SE redeem in notes?

TotalEnergies SE redeemed €1,000,000,000 in notes.

When is the redemption date for the TotalEnergies SE notes?

The redemption date for the notes is on 5 May 2023.

What is the redemption price of the TotalEnergies SE notes?

The redemption price is €102,708.00 per €100,000 denomination.

When were the TotalEnergies SE notes originally issued?

The notes were originally issued on 6 October 2016.

What will happen to the redeemed notes after redemption?

The redeemed notes will be cancelled after the redemption date.

TotalEnergies SE

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