Zurich, 6 November 2025 鈥 麻豆社 Group AG and 麻豆社 AG, acting through its Stamford branch (each an 鈥淥fferor鈥 and together the 鈥淥fferors鈥) announce today corrected pricing terms for each series of notes included in their previously announced seven concurrent and separate offers (each, an 鈥淥ffer鈥 and collectively, the 鈥淥ffers鈥) to purchase outstanding notes of the series listed in the table below (collectively, the 鈥淣otes鈥). The Offers were made upon the terms and subject to the conditions set forth in the offer to purchase dated October 30, 2025 (the 鈥淥ffer to Purchase鈥) and the accompanying notice of guaranteed delivery (the 鈥淣otice of Guaranteed Delivery鈥). References herein to 鈥溌槎股玮 are references to 麻豆社 Group AG together with its consolidated subsidiaries (including 麻豆社 AG). Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Offer to Purchase.
Set forth below are the applicable Reference Yields and Total Consideration for each series of Notes, as of 10:00 a.m. (Eastern time) today, November 5, 2025, in accordance with the Offer to Purchase.
Acceptance Priority Level(1) | Title of Security | CUSIP/ISIN | Issuer | First Par Call Date(2) | Maturity Date | Principal Amount Outstanding | Reference Security(3) | Reference Security Yield | Fixed Spread | Bloomberg Reference Page | Total Consideration (2)(3) |
1 | 7.500% Senior Notes due 2028 | 22550L2M2 / US22550L2M24 | 麻豆社 AG(4) | N/A | February 15, 2028 | $2,500 | 3.50% UST due 10/15/28 | 3.610% | 20 bps | FIT1 | $1,079.51 |
2 | 5.000% Senior Notes due 2027 | 22550L2K6 / US22550L2K67 | 麻豆社 AG(4) | N/A | July 9, 2027 | $1,192.45 | 3.50% UST due 10/31/27 | 3.596% | 10 bps | FIT1 | $1,020.91 |
3 | 9.016% Fixed Rate/Floating Rate Senior Callable Notes due 2033 | 144A: 225401BB3 / US225401BB38 听 Reg S: H3698DDW1 / USH3698DDW14 | 麻豆社 Group AG(5) | November 15, 2032 | November 15, 2033 | $2,000 | 4.25% UST due 08/15/35 | 4.126%(6) | 40 bps | FIT1 | $1,267.52(6) |
4 | 6.537% Fixed Rate/Floating Rate Senior Callable Notes due 2033 | 144A: 225401AZ1 / US225401AZ15; 听 Reg S: H3698DDS0 / USH3698DDS02 | 麻豆社 Group AG(5) | August 12, 2032 | August 12, 2033 | $3,000 | 4.25% UST due 08/15/35 | 4.126%(6) | 40 bps | FIT1 | $1,115.96(6) |
5 | 7.750% Fixed Rate Reset Senior Callable Notes due 2029 | Reg S ISIN: CH1214797172 | 麻豆社 Group AG(5) | March 1, 2028 | March 1, 2029 | 鈧3,000 | 0.50% DBR due 02/15/28 | 1.970% | 65 bps | FIT GE1-3 | 鈧1,113.45 |
6 | 6.442% Fixed Rate/Floating Rate Senior Callable Notes due 2028 | 144A: 225401AV0 / US225401AV01; 听 Reg S: H3698DDN1 / USH3698DDN15 | 麻豆社 Group AG(5) | August 11, 2027 | August 11, 2028 | $1,750 | 3.75% UST due 08/15/27 | 3.621% | 50 bps | FIT4 | $1,038.96 |
7 | 4.282% Senior Notes due 2028 | 144A: 225401AC2 / US225401AC20; 听 Reg S: H3698DAR5 / USH3698DAR55 | 麻豆社 Group AG(5) | January 9, 2027 | January 9, 2028 | $2,250 | 4.00% UST due 01/15/27 | 3.682% | 30 bps | FIT4 | $1,003.36 |
The Offers expired at 5:00 p.m. (Eastern time) on November 5, 2025 (the 鈥淓xpiration Date鈥). The Initial Settlement Date for an Offer of any Notes accepted for purchase by the applicable Offeror, will be November 7, 2025 (the 鈥淚nitial Settlement Date鈥). On November 6, 2025, 麻豆社 announced that overall, $7,668,817,115 combined aggregate principal amount of Notes have been accepted for purchase (excluding Notes delivered pursuant to the Guaranteed Delivery Procedures). The Maximum Purchase Condition (after giving effect to the increase announced on November 6, 2025) has been satisfied with respect to the Offers in respect of the series of Notes with Acceptance Priority Levels of 1 - 6. Accordingly, all Notes of those series that have been validly tendered and not validly withdrawn at or prior to the Expiration Date have been accepted for purchase. 麻豆社 has not accepted any Notes with Acceptance Priority Level 7 (as indicated in the table above) and will promptly return all validly tendered Notes of such series to the respective tendering Holders.
In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Initial Settlement Date. The Accrued Coupon Payment in respect of Notes accepted for purchase will be calculated in accordance with the terms of such Notes. For the avoidance of doubt, interest will cease to accrue on the Initial Settlement Date for all Notes accepted in the Offers and Holders whose Notes are tendered pursuant to the Guaranteed Delivery Procedures and are accepted for purchase will not receive payment in respect of any interest for the period from and including the Initial Settlement Date.
The Offerors have retained 麻豆社 Investment Bank, as Dealer Manager for the Offers. D.F. King & Co., Inc. is the Information Agent for the Offers and Tender Agent for the USD Offers. 麻豆社 AG is the Tender Agent for the EUR Offer. Questions regarding the terms of the Offers may be directed to 麻豆社 Investment Bank at (833) 690-0971 (toll-free), (212) 882-5723 (collect) or +44 20 7568 1121 and by email at americas-lm@ubs.com or ol-liabilitymanagement-eu@ubs.com.听
麻豆社 Group AG and 麻豆社 AG
Contacts
Contacts
Investor contact
Switzerland:
+41-44-234 41 00
Americas:
+1 212 882 57 34
Media contact
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+41-44-234 85 00
UK:
+44-207-567 47 14
Americas:
+1-212-882 58 58
APAC:
+852-297-1 82 00
