General Announcement::Doosan Infracore : Consent Conditions Subsequent

Issuer & Securities

Issuer/ Manager
DOOSAN INFRACORE CO., LTD.
Securities
DOOSANINF US$300M2.25%N221118 - XS2078374159 - XG7B
DOOSANINF US$300M1%N230721 - XS2201951477 - LPBB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Jul-2021 15:05:52
Status
New
Announcement Sub Title
Doosan Infracore : Consent Conditions Subsequent
Announcement Reference
SG210701OTHRQOX2
Submitted By (Co./ Ind. Name)
Doosan Infracore Co.,Ltd.
Designation
IR Team
Effective Date and Time of the event
01/07/2021 16:00:00
Description (Please provide a detailed description of the event in the box below)
1 July 2021. The Issuer announced today the satisfaction of the Consent Conditions Subsequent as set out in the
Consent Solicitation Memorandum (as defined below) with respect to its USD 300,000,000 2.25% Guaranteed
Senior Unsecured Notes due 2022 (ISIN: XS2078374159) unconditionally and irrevocably guaranteed by the
Korea Development Bank and USD 300,000,000 1.000% Guaranteed Senior Unsecured Notes due 2023 (ISIN:
XS2201951477) unconditionally and irrevocably guaranteed by the Korea Development Bank (collectively, the
Notes). The Issuer further announced that today is the Amendment Effective Date of the Proposed Amendments
and Waivers with respect to each Series of Notes.

The implementation of the Extraordinary Resolutions of each Series of Notes and the payment of the Consent Fee
and Ineligible Holder Payment in respect of each Series of Notes is conditional on (i) the satisfaction (or waiver)
of the Consent Conditions Subsequent and (ii) the making of the Consent Conditions Subsequent Announcement
by the Issuer and otherwise as set out in the Consent Solicitation Memorandum.

The full terms and conditions of the Consent Solicitations are contained in the consent solicitation memorandum
dated 22 March 2021 prepared by the Issuer (as supplemented by an announcement in relation to the extension of
the Consent Fee Deadline and Ineligible Holder Instruction Deadline dated 2 April 2021, an announcement in
relation to the extension of the Voting Deadline dated 8 April 2021 and an announcement in relation to the
expected date of the satisfaction of the Consent Conditions Subsequent and the Amendment Effective Date dated
29 June 2021) (together, the Consent Solicitation Memorandum).
NOTICE IS HEREBY GIVEN that (i) the Consent Conditions Subsequent have been satisfied as of 1 July 2021,
(ii) the Issuer intends to proceed with the Merger and implement the Extraordinary Resolutions, (iii) the
Supplemental Agency Agreement and Deed of Confirmation in respect of each Series have been entered into and
the Proposed Amendments and Waivers will become effective as of the Amendment Effective Date which shall
be 1 July 2021 and (iv) the Issuer shall procure the payment of any Consent Fee or Ineligible Holder Payment on
the Payment Date which shall be 1 July 2021.

The Issuer has the right to extend, waive any condition of, amend and/or terminate any Consent Solicitation (other
than the terms of the relevant Extraordinary Resolution) as described in the Consent Solicitation Memorandum.

Attachments

July 1 announcement.pdf
Total size =172K