General Announcement::COMPLETION OF CONSENT SOLICITATION

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODLDUS$370M9% 11%N251230A - XS2502825594 - ZOVB
MODLDUS$90M7% 9%N231230A - XS2502821684 - OOVB
MODLDUS$90M7% 9%N231230R - XS2500896860 - FNGB
MODLDUS$370M9% 11%N251230R - XS2500898486 - 9NMB
MODLDUS$90M7% 9%N231230D - XS2502824431 - WMTB
MODLDUS$220M8% 10%N241230A - XS2502824944 - EBNB
MODLDUS$370M9% 11%N251230D - XS2502825834 - EHSB
MODLDUS$220M8% 10%N241230R - XS2500897678 - JVUB
MODLDUS$220M8% 10%N241230D - XS2502825164 - XR3B
MODLDUS$490M9% 11%N261230A - XS2502826725 - NBIB
MODLDUS$490M9% 11%N261230R - XS2500899294 - MJUB
MODLDUS$490M9% 11%N261230D - XS2502827616 - SJBB
MODLDUS$720M9% 11%N271230A - XS2502827889 - MTHB
MODLDUS$720M9% 11%N271230R - XS2500899880 - 51XB
MODLDUS$720M9% 11%N271230D - XS2502828267 - MSNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Dec-2023 08:25:56
Status
New
Announcement Sub Title
COMPLETION OF CONSENT SOLICITATION
Announcement Reference
SG231227OTHR19EF
Submitted By (Co./ Ind. Name)
Modern Land (China) Co., Limited / Zhang Peng
Designation
Chairman, President and Executive Director
Description (Please provide a detailed description of the event in the box below)
EXECUTION OF SUPPLEMENTAL INDENTURES AND PAYMENT OF CONSENT FEE
The Company is pleased to announce the execution of the Supplemental Indenture in respect of each Series of Notes, dated December 22, 2023 (the "Effective Time") by and among the Company, the Subsidiary Guarantors and the respective Trustee, giving effect to the Proposed Amendments. From and after the Effective Time, each present and future holder of each Series of Notes will be bound by the terms of each of the relevant Indentures as amended and supplemented by each of the relevant Supplemental Indentures, whether or not such holder delivered a Consent in the Consent Solicitation.

REDEMPTION OF THE 2023 NOTES
The Company issued a notice of redemption dated December 22, 2023 to Holders of the 2023 Notes, pursuant to which all outstanding 2023 Notes will be redeemed in full on December 29, 2023 (the "Redemption Date") at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but excluding) the Redemption Date (the "Redemption Price"). The Redemption Price shall be paid in kind with 7.0%/9.0% Senior Notes due 2024 to be issued by the Company on the Redemption Date in an aggregate principal amount of US$85,666,614, which is equal to US$81,997,237, being the aggregate principal amount of the outstanding 2023 Notes, plus US$3,669,377, being the accrued and unpaid interest on such 2023 Notes from (and including) June 30, 2023 to (but excluding) the Redemption Date at an interest rate of 9.0% per annum.

Attachments

Tenacity II Completion Announcement 27 Dec 2023.pdf
Total size =216K