General Announcement::RESULTS OF THE OFFER TO EXCHANGE RELATING TO THE OUTSTANDING 12.75% SENIOR NOTES DUE MARCH 2022

Issuer & Securities

Issuer/ Manager
JINGRUI HOLDINGS LIMITED
Securities
JINGRUI US$190M12.75%N220311 - XS2126415293 - LGYB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Mar-2022 05:49:03
Status
New
Announcement Sub Title
RESULTS OF THE OFFER TO EXCHANGE RELATING TO THE OUTSTANDING 12.75% SENIOR NOTES DUE MARCH 2022
Announcement Reference
SG220307OTHRAG62
Submitted By (Co./ Ind. Name)
Luo Yuxin
Designation
Board Office Manager
Effective Date and Time of the event
07/03/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
Reference is made to the announcement of the Company dated February 22, 2022 and March 2, 2022 in relation to the Exchange Offer. The Company is pleased to announce that, as at the Extended Exchange Expiration Deadline, US$175,330,000 of the Existing Notes, representing approximately 92.28% of the total aggregate principal amount of the outstanding Existing Notes, has been validly tendered for exchange and accepted pursuant to the Exchange Offer. Subject to the fulfillment or waiver of the conditions to the Exchange Offer, the Company will issue US$171,113,500 of the New Notes pursuant to the Exchange Offer on March 9, 2022, which will mature on September 9, 2023, unless earlier redeemed pursuant to the terms thereof. The New Notes will bear interest at 12.75% per annum, payable semi-annually in arrears. Please refer to the attached announcement for more details of the exchange.

Attachments

Jingrui Holdings - EO results announcement.pdf
Total size =75K