Intelligence Feed event · Equity · 2026-10-07

    Elis Announces 99.1% Conversion of €380M 2.25% 2029 OCEANEs Convertible Bonds

    Question

    Elis Announces 99.1% Conversion of €380M 2.25% 2029 OCEANEs Convertible Bonds

    Direct answer

    European multiservice provider Elis announced the final outcome of the conversion and exchange procedure for its €380 million 2.25% OCEANE bonds due 2029. Noteholders tendered 99.13% of all outstanding convertible bonds. The exchange was satisfied using 18.1 million treasury shares alongside 5.5 million newly created shares, effectively reducing long-term debt liabilities with limited net new share overhang.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-07
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Elis Announces 99.1% Conversion of €380M 2.25% 2029 OCEANEs Convertible Bonds”, revision 1, evidence through 2026-10-07. https://marketontology.com/market-events/2026-10-07/elis-announces-99-1-conversion-of-380m-2-25-2029-oceanes-convertible-bonds-112c5c

    EQUITY
    Elis Announces 99.1% Conversion of €380M 2.25% 2029 OCEANEs Convertible Bonds
    European multiservice provider Elis announced the final outcome of the conversion and exchange procedure for its €380 million 2.25% OCEANE bonds due 2029. Noteholders tendered 99.13% of all outstanding convertible bonds. The exchange was satisfied using 18.1 million treasury shares alongside 5.5 million newly created shares, effectively reducing long-term debt liabilities with limited net new share overhang.
    ELSYY
    Impact
    57
    OCT 7
    SIG
    91%
    ELSYY
    Elis Announces 99.1% Conversion of €380M 2.25% 2029 OCEANEs Convertible Bonds
    European multiservice provider Elis announced the final outcome of the conversion and exchange procedure for its €380 million 2.25% OCEANE bonds due 2029. Noteholders tendered 99.13% of all outstanding convertible bonds. The exchange was satisfied using 18.1 million treasury shares alongside 5.5 million newly created shares, effectively reducing long-term debt liabilities with limited net new share overhang.
    → Debt-to-equity conversion of €380M eliminates 2029 coupon interest expenses and reduces net debt leverage for ELSYY while releasing 5.5M new dilutive shares.
    Impact
    European multiservice provider Elis announced the final outcome of the conversion and exchange procedure for its €380 million 2.25% OCEANE bonds due 2029. Noteholders tendered 99.13% of all outstanding convertible bonds. The exchange was satisfied using 18.1 million treasury shares alongside 5.5 million newly created shares, effectively reducing long-term debt liabilities with limited net new share overhang.
    Affected
    ELSYY
    Transmission
    Debt-to-equity conversion of €380M eliminates 2029 coupon interest expenses and reduces net debt leverage for ELSYY while releasing 5.5M new dilutive shares.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ELSYYdeleveraging of balance sheet and interest expense eliminationUp1-4w99.13% of €380M convertible bonds converted into shares

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

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