General Announcement::PTT Exploration and Production PCL - Expiration Deadline and Final Results

Issuer & Securities

Issuer/ Manager
PTTEP CANADA INTERNATIONAL FINANCE LIMITED
Securities
PTTEPCANIUS$700M5.692%N210405A - US74442AAA60 - 4SRB
PTTEPCANIUS$700M5.692%N210405R - USC75088AA97 - 4SSB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-Jan-2020 10:44:35
Status
New
Announcement Sub Title
PTT Exploration and Production PCL - Expiration Deadline and Final Results
Announcement Reference
SG200110OTHRKMWN
Submitted By (Co./ Ind. Name)
Chanamas Sasnanand
Designation
Senior Vice President, Finance Division
Effective Date and Time of the event
10/01/2020 10:45:00
Description (Please provide a detailed description of the event in the box below)
Reference is made to the Company's announcements dated December 11, 2019, December 20, 2019 and December 24, 2019 (together, the "Announcements") in relation to the Tender Offer made by the Offeror in respect of the Existing Notes. Unless otherwise defined herein, all capitalized terms used in this announcement shall have the meanings given to them in the Announcements.

The Expiration Deadline of the Tender Offer occurred at 11:00 p.m. (New York time) on January 9, 2020. As of the Expiration Deadline, the Offeror has received valid Early Tender Instructions under the Tender Offer in respect of Existing Notes with an aggregate principal amount of U.S.$296,163,000, representing 42.31% of the total principal amount outstanding of the Existing Notes.

The Company and the Offeror further announce that based on a final Maximum Acceptance Amount of U.S.$220,000,000 in aggregate principal amount of the Existing Notes, the Offeror has accepted for purchase Existing Notes validly tendered pursuant to Early Tender Instructions of an aggregate principal amount of U.S.$220,000,000, with pro rata scaling at a final Scaling Factor of 72.7618%, as further described in the Tender Offer Memorandum. As the aggregate principal amount of the Existing Notes in respect of which valid Early Tender Instructions were received as of the Early Expiration Deadline exceeds the final Maximum Acceptance Amount, no Subsequent Tender Instructions received at or prior to the Expiration Deadline have been accepted by the Offeror. All Existing Notes purchased by the Offeror are expected to be cancelled.

The Company and the Offeror further announce that the conditions to the Tender Offer (including the Financing Condition and the Accounting Condition) have been satisfied or waived and that U.S.$480,000,000 in aggregate principal amount of Existing Notes will remain outstanding following completion of the Tender Offer.

Attachments

Hulk Phase 2 - Final Results Announcement SGX.pdf
Total size =189K