General Announcement::Notice of Restructuring Effective Date

Issuer & Securities

Issuer/ Manager
PEARL HOLDING III LIMITED
Securities
PEARLHLDG US$175M9.5%N221211A - US70477NAA46 - 8CYB
PEARLHLDG US$175M9.5%N221211R - USG44527AA02 - 8CZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Oct-2021 15:22:08
Status
New
Announcement Sub Title
Notice of Restructuring Effective Date
Announcement Reference
SG211024OTHRXS48
Submitted By (Co./ Ind. Name)
Pearl Engineered Solutions Pte Ltd/Ang Boon Heng
Designation
CFO
Description (Please provide a detailed description of the event in the box below)
Pearl Holding III Limited (Pearl or the Company) refers to the previous announcements published on 27 May 2021, 13 June 2021, 18 June 2021, 27 August 2021, 8 September 2021, 30 September 2021, 12 October 2021 and 21 October 2021.

Unless otherwise indicated, capitalised words and phrases used in this announcement have the same meaning as defined in the explanatory statement dated 8 September 2021 in respect of the Scheme (the Explanatory Statement ).

Notice of Restructuring Effective Date

The Company is pleased to announce that the Restructuring Effective Date in respect of the Scheme occurred on 22 October 2021.

This notice of the Restructuring Effective Date is given by the Company pursuant to section 5.2 of the Scheme, and is given to the Scheme Creditors, the Existing Notes Trustee, the Security Agent, the New Notes Trustee and the New Perpetual Notes Trustee (each as defined in the Scheme).

Specified Dates

For the purposes of section 5.2.2(b) of the Scheme, the Bar Date, the Periodic Distribution Dates and the Final Distribution Date are as follows.

Bar Date: 22 March 2022
Periodic Distribution Dates: 6 December 2021, 7 February 2022 and 6 April 2022
Final Distribution Date: 6 April 2022

Distributions of Scheme Consideration to Participating Scheme Creditors

For those Scheme Creditors who submitted their duly completed and executed Account Holder Letters, Distribution Confirmations and (if applicable) Designated Recipient Forms to the Information Agent before the Initial Deadline, and thereby became Initial Participating Scheme Creditors, they would have received a distribution of the Scheme Consideration due to them on the Restructuring Effective Date in accordance with the terms of the Scheme, including (amongst other things) the Cash Payment, the New Notes (ISINs: XS2390402092 (RegS) / XS2390402175 (144A)) and the New Perpetual Notes (ISINs: XS2390290513 (RegS) / XS2390314123 (144A)). No further steps are required to be taken by these Scheme Creditors.

Scheme Creditors should refer to the Explanatory Statement for information regarding the process of distribution of Scheme Consideration to Participating Scheme Creditors. A copy of Explanatory Statement is available on the Scheme Website (https://bonds.morrowsodali.com/pearl).

Attachments

Peak - Notice of Restructuring Effective Date 24 October 2021.pdf
Total size =181K