Orange voluntarily delists from NYSE by successful consent solicitation and voluntarily deregisters with U.S. Securities and Exchange Commission

Client(s) Orange, S.A.

Jones Day advised Orange, S.A., a leading telecommunications operator and digital service provider serving 287 million customers, on its voluntary delisting of its American Depositary Shares from the New York Stock Exchange (“NYSE”) and voluntary deregistration from the U.S. Securities and Exchange Commission, including its successful consent solicitation in relation to its US$2.5 billion outstanding 30-year Notes due 2031. The bondholders agreed to amend the indenture to align the reporting provisions with requirements applicable under French law for companies with shares listed on Euronext Paris. Bank of America and Goldman Sachs acted as solicitation agents. Deregistration became effective on January 16, 2025.