UBS Group AG and UBS AG, through its Stamford branch, have announced the results of their previously disclosed cash tender offers for certain debt securities. The financial group has also decided to increase the maximum amount it will spend on these offers from $4 billion to $8.6 billion.
The tender offers, which involved seven separate series of outstanding notes, expired at 5:00 p.m. Eastern time on November 5, 2025. According to D.F. King & Co., Inc., the Information Agent and Tender Agent for the USD-denominated offers, and UBS AG as Tender Agent for the EUR offer, a total of approximately $8.54 billion in aggregate principal amount of notes were validly tendered by the deadline and not withdrawn. An additional $29.35 million in notes were submitted under guaranteed delivery procedures and remain subject to holders meeting those requirements.
For euro-denominated notes, the exchange rate used was €1.00 equals $1.14880 as reported on Bloomberg’s “BFIX” page at 10:00 a.m. Eastern time on November 5, 2025.
Of all notes offered, about $7.67 billion in aggregate principal value have been accepted for purchase (excluding those delivered via guaranteed delivery). UBS stated that with the increased maximum purchase amount now met, all validly tendered notes from series with acceptance priority levels one through six will be bought. Notes from series with priority level seven were not accepted and will be returned to their holders.
Holders whose notes are accepted will receive cash payment based on the applicable total consideration per $1,000 or €1,000 principal amount on either November 7 or November 10, depending on settlement procedures. They will also receive an accrued coupon payment in cash; interest stops accruing after settlement.
UBS Investment Bank is acting as Dealer Manager for these offers while D.F. King & Co., Inc. serves as Information Agent and Tender Agent for U.S.-dollar denominated offers; UBS AG acts as Tender Agent for euro-denominated offers.
“This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities,” according to UBS Group AG and UBS AG.
The companies advise noteholders to rely on their own assessment when deciding whether to participate in these offers and recommend consulting professional advisors regarding legal, tax, business or financial implications.
Further details can be found at https://clients.dfkingltd.com/UBS/.