General Announcement::Final Results of the Tender Offers

Issuer & Securities

Issuer/ Manager
PT INDONESIA ASAHAN ALUMINIUM (PERSERO)
Securities
PTASAHALU US$1B6.53%N281115A - US74445PAC68 - 9S4B
PTASAHALU US$1B6.53%N281115R - USY7140WAC20 - WUTB
PTASAHALUUS$1.25B5.71%N231115A - US74445PAB85 - ENCB
PTASAHALUUS$1.25B5.71%N231115R - USY7140WAB47 - HGZB
PTASAHALUUS$750M6.757%481115A - US74445PAD42 - ESSB
PTASAHALUUS$750M6.757%481115R - USY7140WAD03 - SIVB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Jul-2022 19:45:09
Status
New
Announcement Sub Title
Final Results of the Tender Offers
Announcement Reference
SG220722OTHRNKZZ
Submitted By (Co./ Ind. Name)
PT INDONESIA ASAHAN ALUMINIUM (PERSERO)
Designation
Investor Relation
Effective Date and Time of the event
22/07/2022 19:44:00
Description (Please provide a detailed description of the event in the box below)
PT Indonesia Asahan Aluminium (Persero), a state-owned limited liability company established in Indonesia (the Company or we ), hereby announces the final results of its previously announced three concurrent, but separate, offers to purchase for cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 15, 2022 (the "Offer to Purchase" ) and attached notice of guaranteed delivery (the Notice of Guaranteed Delivery and, together with the Offer to Purchase, the Offer Documents ), and subject to the offer restrictions referred to in Offer and Distribution Restrictions in the Offer to Purchase, any and all of (i) the outstanding USD 1,250,000,000 5.710% notes due 2023 issued by the Company (the 2023 Notes ); (ii) the outstanding USD 1,000,000,000 6.530% notes due 2028 issued by the Company (the 2028 Notes ); and (iii) the outstanding USD 750,000,000 6.757% notes due 2048 issued by the Company (the 2048 Notes ), in each case from each registered holder of notes (each, a Holder and, collectively, the Holders ).

The Company's obligation to complete an Offer with respect to a particular series of Notes was conditioned on the aggregate Purchase Price Consideration for the Offers (excluding the applicable Accrued Interest), after taking into account Notes of each series accepted for purchase with a higher Acceptance Priority Level, not exceeding USD 1.0 billion (the Cash Cap ), subject to the provisions set forth in the Offer to Purchase (the Maximum Purchase Price Condition ). The offers to purchase with respect to each series of Notes are referred to herein as the Offers and each, an Offer. Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

The Company hereby waives the Maximum Purchase Price Condition in order to accept the aggregate principal amount tendered in the Offers as set out in the table in the attached document.

Attachments

INALUM - Tender Offer Results Announcement.pdf
Total size =294K