General Announcement::REPURCHASE OF THE AUGUST 2020 NOTES AND ISSUE OF ADDITIONAL AUGUST 2023 NEW NOTES

Issuer & Securities

Issuer/ Manager
REDCO PROPERTIES GROUP LIMITED
Securities
REDCOPUS$267.256792M11%N230806 - XS2459381369 - LZIB
REDCOPROP US$220M11%N220806 - XS2204388644 - KZTB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Aug-2022 00:42:32
Status
New
Announcement Sub Title
REPURCHASE OF THE AUGUST 2020 NOTES AND ISSUE OF ADDITIONAL AUGUST 2023 NEW NOTES
Announcement Reference
SG220805OTHRYSC4
Submitted By (Co./ Ind. Name)
Wong Sze Man
Designation
Company Secretary
Effective Date and Time of the event
04/08/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
On August 4, 2022, the Company, the Subsidiary Guarantors and certain holder of August 2020 Notes (the Investor ) entered into a notes buyback agreement (the Notes Buyback Agreement ), pursuant to which, upon the terms and conditions set forth in the Note Buyback Agreement, the Investor has agreed to sell to the Company the August 2020 Notes, in an aggregate principal amount of US$31,000,000 to the Company in consideration of an aggregate principal amount of US$31,000,000 of the August 2023 New Notes to be issued by the Company to the Investor (the Additional August 2023 New Notes , to be consolidated and form a single series with the US$267,256,792 principal amount of the Company s August 2023 New Notes issued on April 8, 2022 (the Original August 2023 New Notes )) and payment of certain cash consideration. Such repurchase of the August 2020 Notes, issue of Additional August 2023 New Notes by the Company and any transaction related thereto or contemplated thereunder, is defined as the Transaction . From April 11, 2022 to the date of this announcement, the Company has made a purchase ( Subsequent Repurchase ) of the August 2020 in aggregate principal amount of US$2,000,000. Taking into account the Transaction and the Subsequent Repurchase, at the consummation of the Transaction, the outstanding aggregate principal amount of the August 2020 Notes will be US$9,901,000.

Attachments

Repurchase of Aug 2020 Notes and Issue of additional Aug 2023 New Notes- SGX ann_ 5 Aug 2022.pdf
Total size =92K