Intelligence Feed event · Credit · 2026-10-07

    Elis Retires 99.1% of €380M 2029 OCEANEs via Share Conversion and Treasury Delivery

    Question

    Elis Retires 99.1% of €380M 2029 OCEANEs via Share Conversion and Treasury Delivery

    Direct answer

    French multiservice group Elis reported the completion of the conversion window for its €380 million 2.25% OCEANEs maturing in 2029. Holders tendered 99.13% of the outstanding notes. The settlement involved delivering 23,569,556 total shares, substantially covered by 18.1 million existing treasury shares alongside 5.5 million newly created shares, eliminating debt principal obligations.

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

    Cite as: Market Ontology, “Elis Retires 99.1% of €380M 2029 OCEANEs via Share Conversion and Treasury Delivery”, revision 1, evidence through 2026-10-07. https://marketontology.com/market-events/2026-10-07/elis-retires-99-1-of-380m-2029-oceanes-via-share-conversion-and-treasury-deliver-f120e7

    CREDIT
    Elis Retires 99.1% of €380M 2029 OCEANEs via Share Conversion and Treasury Delivery
    French multiservice group Elis reported the completion of the conversion window for its €380 million 2.25% OCEANEs maturing in 2029. Holders tendered 99.13% of the outstanding notes. The settlement involved delivering 23,569,556 total shares, substantially covered by 18.1 million existing treasury shares alongside 5.5 million newly created shares, eliminating debt principal obligations.
    ELSYY
    Impact
    55
    OCT 7
    SIG
    90%
    ELSYY
    Elis Retires 99.1% of €380M 2029 OCEANEs via Share Conversion and Treasury Delivery
    French multiservice group Elis reported the completion of the conversion window for its €380 million 2.25% OCEANEs maturing in 2029. Holders tendered 99.13% of the outstanding notes. The settlement involved delivering 23,569,556 total shares, substantially covered by 18.1 million existing treasury shares alongside 5.5 million newly created shares, eliminating debt principal obligations.
    → Retiring €380 million in convertible debt with treasury shares removes interest expense while limiting equity dilution to 5.5 million newly issued shares.
    Impact
    French multiservice group Elis reported the completion of the conversion window for its €380 million 2.25% OCEANEs maturing in 2029. Holders tendered 99.13% of the outstanding notes. The settlement involved delivering 23,569,556 total shares, substantially covered by 18.1 million existing treasury shares alongside 5.5 million newly created shares, eliminating debt principal obligations.
    Affected
    ELSYY
    Transmission
    Retiring €380 million in convertible debt with treasury shares removes interest expense while limiting equity dilution to 5.5 million newly issued shares.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ELSYYdeleveraging and interest expense eliminationUp1-5d99.13% of €380M 2.25% convertible debt converted with 18.1M treasury shares and 5.5M new shares.

    Does this development affect your holdings?

    Enter your holdings to check them against this and other recent developments, review the decision that matters most, then set a monitor.

    Check this development against my holdings

    Review your initial audit before choosing ongoing portfolio scanning at $79/month.

    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.

    No verifiable public source recorded for this card.

    Related

    Check this development against my holdings

    See today's live cards

    Public pages are published 24 hours after the product shows them. Desk shows every catalyst, event and causal reading as it happens, mapped to your holdings.

    Open Desk — $399/month