NEW YORK, May 9, 2016 — The Goldman Sachs Group, Inc. (NYSE: GS) (the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash any and all of the outstanding $2,250,000,000 aggregate principal amount of its 5.625% Subordinated Notes due 2017 (the “Notes”).
The Tender Offer is subject to the terms and conditions set forth in the related Offer to Purchase, dated May 9, 2016 (the “Offer to Purchase”), Letter of Transmittal and Notice of Guaranteed Delivery.
The key pricing details for the Tender Offer are as follows:
CUSIP No.: 38141GEU4
Outstanding Principal Amount: $2,250,000,000
Title of Notes: 5.625% Subordinated Notes due 2017
Purchase Price per $1,000 Principal Amount(*): $1,030.50
(*) In addition to the Purchase Price, the Company will pay accrued and unpaid interest on the Notes accepted for purchase to but excluding the Settlement Date.
The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on Friday, May 13, 2016, unless extended or earlier terminated by The Goldman Sachs Group, Inc. (the “Expiration Time”). Tendered Notes may be withdrawn at any time at or prior to the Expiration Time. It is expected that payment for Notes tendered at or prior to the Expiration Time will be made on May 18, 2016 (the “Settlement Date”) and payment for Notes tendered using the guaranteed delivery procedures will be made promptly after the delivery of the accepted Notes, but no earlier than the Settlement Date.
The Tender Offer is conditioned upon the satisfaction of certain conditions described in the Offer to Purchase.
Copies of the Offer to Purchase, Letter of Transmittal and Notice of Guaranteed Delivery are available at the following web address: http://www.gbsc-usa.com/gs/.
The Goldman Sachs Group, Inc. has retained Goldman, Sachs & Co. to act as the dealer manager (the “Dealer Manager”) for the Tender Offer. Global Bondholder Services Corporation will act as the Information Agent and Depositary for the Tender Offer. Questions regarding the terms of the Tender Offer should be directed to Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212) 902-5183 (collect). Requests for documentation and any questions regarding procedures for tendering Notes should be directed to Global Bondholder Services Corporation at (866) 924-2200 (toll-free) or (212) 430-3774 (collect) or by e-mail at contact@gbsc-usa.com.
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell the Notes. The Tender Offer is being made solely pursuant to the Offer to Purchase and related documents. The Tender Offer is not being made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made on behalf of The Goldman Sachs Group, Inc. by the Dealer Manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
Dealer Manager
Goldman, Sachs & Co.
Liability Management Group
200 West Street
New York, NY 10282
(212) 902-5183
(800) 828-3182
Information Agent and Depositary
Global Bondholder Services Corporation
65 Broadway
Suite 404
New York, NY 10006
(212) 430-3774
(866) 470-3800
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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Media Contact:
Jake Siewert
Tel: +1 212 902 5400
Investor Contact:
Dane E. Holmes
Tel: +1 212 902 0300
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