UBS Group AG announced today that it is commencing nine concurrent cash tender offers to purchase outstanding notes originally issued by Credit Suisse Group AG, which UBS assumed after the merger in June 2023. The offers include three "Any and All" series and six "Maximum Purchase" series, with the latter subject to a cap of $2 billion in total consideration. Assuming all Any and All notes are tendered, the aggregate consideration across all offers is expected to be around $6 billion. The offers expire on September 10, 2026, and settlement is expected on September 14, 2026. UBS stated the move is part of proactive funding and total loss-absorbing capacity management to optimize interest expense.
UBS Group AGUBS launches cash tender offers to manage debt and optimize interest expense, a proactive capital management move.
