General Announcement::Entry into Restructuring Support Agreement

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
27-May-2021 12:22:02
Status
New
Announcement Sub Title
Entry into Restructuring Support Agreement
Announcement Reference
SG210527OTHRAM1F
Submitted By (Co./ Ind. Name)
Latham & Watkins LLP
Designation
Associate
Description (Please provide a detailed description of the event in the box below)
The Issuer entered into a Restructuring Support Agreement with an ad hoc committee of bondholders (representing ~60% of the outstanding principal amount of the bonds), pursuant to which the ad hoc committee agreed to support the restructuring of the bonds. More details on the restructuring proposal are set out in the attached release.

Attachments

Peak - RSA Press Release SGX.pdf
Total size =205K