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Orange — Capital/Financing Update 2014
Jan 30, 2014
1574_iss_2014-01-30_947c3aac-a86a-4bec-b656-dc582ab2bb0d.pdf
Capital/Financing Update
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Orange to redeem \$1,215,000,000 in 4.375% Notes due 2014
Orange announces its intention to redeem \$1,215,000,000.00 aggregate principal amount of 4.375% Notes due July 2014, which represents all of the remaining principal amount outstanding. Notice will be sent to holders in due course as provided in the Indenture dated as of July 9, 2009 (as amended and supplemented) between France Telecom, which changed its name to Orange as of July 1, 2013, and The Bank of New York Mellon, as trustee.
The Notes are expected to be redeemed on or about March 11, 2014 at a redemption price to be equal to the greater of (i) 100% of the principal amount of the Notes, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (excluding interest accrued to the date of redemption) discounted to the redemption date on a semi2annual basis (assuming a 3602day year consisting of twelve 302 day months) at a rate equal to the Treasury Rate (as defined in the Notes) plus 0.30% per annum for the Notes to be redeemed. Orange will also pay accrued interest on the principal amount of the Notes being redeemed up to, but not including, the date of redemption.
about Orange
Orange is one of the world's leading telecommunications operators with sales of 43.5 billion euros in 2012 and had 166,000 employees worldwide at 30 September 2013, including 102,000 employees in France. Present in 32 countries, the Group had a total customer base of more than 232 million customers at 30 September 2013, including 175 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN). For more information: www.orange.com, www.orange2business.com and on Twitter: @orange, @orangegrouppr, @orangebusiness. Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited.
Press contacts: +33 1 44 44 93 93 Sébastien Audra, [email protected] Tom Wright, [email protected]