General Announcement::RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 9.50% SENIOR NOTES DUE 2021

Issuer & Securities

Issuer/ Manager
YANGO JUSTICE INTERNATIONAL LIMITED
Securities
YANGO JUST US$250M9.5%N210403 - XS1973241125 - LUQB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-Nov-2020 14:42:46
Status
New
Announcement Sub Title
RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 9.50% SENIOR NOTES DUE 2021
Announcement Reference
SG201119OTHRAWWZ
Submitted By (Co./ Ind. Name)
YANGO JUSTICE INTERNATIONAL LIMITED
Designation
Senior Finance Manager
Effective Date and Time of the event
19/11/2020 14:43:00
Description (Please provide a detailed description of the event in the box below)
The Offer expired at 4:00 p.m. (London time) on November 18, 2020 (the Expiration Deadline ).

As at the Expiration Deadline, US$125,530,000 in aggregate principal amount of the Notes, representing approximately 27.29% of the total aggregate principal amount of the outstanding Notes as at such date, had been validly tendered pursuant to the Offer. Although the aggregate principal amount of validly tendered Notes has exceeded the Maximum Acceptance Amount initially set and announced in the Amendment Announcement, the Company and the Parent Guarantor have decided to accept for purchase all validly tendered Notes in an aggregate principal amount of US$125,530,000 (the Accepted Notes ).

The Accepted Notes repurchased by the Company and the Parent Guarantor will be cancelled and will cease to be outstanding on or about November 20, 2020 (the Settlement Date ). Subject to satisfaction of the conditions set out in the Offer to Purchase and the Amendment Announcement, payment of the Purchase Price and Accrued Interest Payment in respect of the Accepted Notes will be made on or about the Settlement Date. The aggregate amount to be paid by the Company and the Parent Guarantor to holders of the Accepted Notes for repurchase of the Accepted Notes is approximately US$129,126,783.25 (which includes the Accrued Interest Payment).

The Company and the Parent Guarantor currently expect that, following settlement of the Offer, US$334,470,000 in aggregate principal amount of the Notes will remain outstanding.

Attachments

Project Inception II - SGX Results Announcement.pdf
Total size =203K