UBS Group AG and UBS AG, operating through its Stamford branch, announced the launch of seven separate cash tender offers to purchase outstanding debt securities. The offers begin on October 30, 2025, and are outlined in detail in the Offer to Purchase document and accompanying Notice of Guaranteed Delivery.
According to UBS, these offers are part of a broader strategy to manage funding costs and optimize total loss-absorbing capacity. UBS stated it plans to continue issuing senior unsecured liabilities in major currency markets independently from these offers.
The tender offers will expire at 5:00 p.m. Eastern time on November 5, 2025, unless extended or terminated earlier. Notes can be withdrawn until the same deadline. A guaranteed delivery process is available for holders unable to meet the main deadline, with an expected final cut-off at 5:00 p.m. Eastern time on November 7, 2025.
Initial settlement for accepted notes is anticipated two business days after expiration—on November 7, 2025—with a subsequent settlement date for notes delivered under guaranteed procedures expected on November 10, 2025. Holders whose notes are purchased will receive accrued interest up to but not including the initial settlement date; those using guaranteed delivery will not receive additional interest beyond that date.
Acceptance of any series of notes depends on certain conditions set out in the Offer to Purchase document. One key condition is that total consideration paid for all accepted notes must not exceed $4 billion. Offers are independent from one another and can be modified or terminated individually.
A full explanation of terms and eligibility criteria is provided in the official Offer to Purchase documentation. UBS has appointed UBS Investment Bank as dealer manager and D.F. King & Co., Inc., as information agent and tender agent for U.S.-denominated notes.
"This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offers are made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law," said UBS Group AG and UBS AG in their joint statement.
"In making a decision regarding the Offers, Holders must rely on their own examination of the Offerors and the terms of the Offers, including the merits and risks involved," they added.
UBS emphasized that none of its representatives or agents make recommendations regarding participation in these offers, urging holders instead to consult their advisors about legal, tax, business, financial or related aspects before deciding whether to tender their notes.
Further details about deadlines set by intermediaries may differ from those published by UBS; investors should check with their bank or broker regarding submission instructions.