General Announcement::EXPIRATION ANNOUNCEMENT

Issuer & Securities

Issuer/ Manager
SSMS PLANTATION HOLDINGS PTE. LTD.
Securities
SSMSPLANT US$300M7.75%N230123 - XS1712553418 - 8FUB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Jul-2022 12:54:52
Status
New
Announcement Sub Title
EXPIRATION ANNOUNCEMENT
Announcement Reference
SG220708OTHRDNPS
Submitted By (Co./ Ind. Name)
SSMS Plantation Holdings
Designation
Corporate
Effective Date and Time of the event
08/07/2022 12:00:00
Description (Please provide a detailed description of the event in the box below)
Reference is made to the announcement by the Offeror on June 28, 2022 and the Offer to Purchase Memorandum and Consent Solicitation Statement dated June 28, 2022 (the "Offer to Purchase Memorandum") in relation to the commencement of the invitation by the Offeror to holders of the Notes (the "Holders") to submit tenders to the Offeror to purchase their Notes for cash up to the Tender Cap on the terms and subject to the conditions contained in the Offer to Purchase Memorandum in accordance with the procedures described therein for the Notes (the "Offer") and consent to the Proposed Amendments and Waivers. Capitalized or other terms used but not defined herein shall, unless the context otherwise requires, have the meaning as set out in the Offer to Purchase Memorandum.

The Offeror wishes to announce that:

(a) as at 5:00 p.m. (Central European Summer time) on July 7, 2022 (the "Expiration Time"), US$259,725,000 in aggregate principal amount of the Notes have been validly offered for purchase (and not validly withdrawn) pursuant to the Offer, representing approximately 86.58% of the principal amount of Notes outstanding;
(b) the Notes accepted for purchase by the Offeror shall be US$259,725,000, representing the full amount of the aggregate principal amount of the Notes that have been validly offered for purchase (and not validly withdrawn) and accepted by the Offeror for purchase on the Settlement Date;
(c) the Purchase Price is US$900 for each US$1,000 in principal amount of the Notes accepted for purchase by the Offeror; and
(d) no Proration Factor will be applied.

The Settlement Date is expected to be on July 14, 2022. All validly tendered Notes accepted for purchase by the Offeror will be cancelled subsequent to the Settlement Date.
With receipt of the Requisite Consents, the Offeror and the Trustee, among others, will execute and deliver a supplemental indenture on or about July 14, 2022 relating to the Proposed Amendments.

Attachments

SSMS 2022 - Expiration Announcement dd July 8 2022.pdf
Total size =196K