General Announcement::OFFER TO PURCHASE AT LEAST A MINIMUM ACCEPTANCE AMOUNT OF CERTAIN OUTSTANDING DEBT SECURITIES

Issuer & Securities

Issuer/ Manager
REDCO PROPERTIES GROUP LIMITED
Securities
REDCOPROP US$220M11%N220806 - XS2204388644 - KZTB
REDCOPROP US$150M13%N230527 - XS2178382318 - WVOB
REDCOPROP US$220M8%N220413 - XS2331603774 - RSZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Mar-2022 18:40:03
Status
New
Announcement Sub Title
OFFER TO PURCHASE AT LEAST A MINIMUM ACCEPTANCE AMOUNT OF CERTAIN OUTSTANDING DEBT SECURITIES
Announcement Reference
SG220314OTHRR3Z7
Submitted By (Co./ Ind. Name)
Redco Properties Group Limited
Designation
Company Secretary
Effective Date and Time of the event
14/03/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
On the date of this announcement, the Company commenced the offer to purchase for (A) at least US$177,276,600, or 90%, of the outstanding principal amount of the April 2021 Notes (the April 2021 Notes Minimum Acceptance Amount ), (B) at
least US$274,670,100, or 90%, of the outstanding principal amount of the August 2020 Notes (the August 2020 Notes Minimum Acceptance Amount ) and (C) at least US$135,000,000, or 90%, of the outstanding principal amount of the May 2020 Notes (the May 2020 Notes Minimum Acceptance Amount and, the references to the Minimum Acceptance Amount are to the April 2021 Notes Minimum Acceptance Amount, August 2020 Notes Minimum Acceptance Amount or May 2020
Notes Minimum Acceptance Amount, as the case may be) upon the terms and subject to the conditions set forth in the Offer to Purchase Memorandum. The Offer to Purchase, once consummated, will improve our debt maturity profile, strengthen our
balance sheet and improve cash flow management.

Attachments

Redco OTP.pdf
Total size =115K