General Announcement::TENDER OFFER

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 28-Sep-2018 11:35:40
Status: New
Announcement Sub Title: TENDER OFFER
Announcement Reference: SG180928OTHRN4BE
Submitted By (Co./ Ind. Name): Iswardeni
Designation: Notes Holders
Effective Date and Time of the event: 28/09/2018 21:12:00
Description (Please provide a detailed description of the event in the box below): PAN BROTHERS / PB INTERNATIONAL BV CAPPED TENDER OFFER FOR USD 2022 NOTES VIA ANZ ***
This information is a summary of select terms of the Tender Offer, which are more fully described in the tender offer memorandum dated 28 September 2018 ("Tender Offer Memorandum"):
* Offeror: PB International BV (the "Company")
* Offer: Offer to purchase for cash an aggregate principal amount of up to U.S.$40 million of the Target Notes (the "Tender Offer")
* Target Notes: U.S.$200 million 7.625% senior notes due 2022 (ISIN: XS1555631925 / Common Code: 155563192)
* Modified Dutch Auction Bid Range: Between 92 per cent. and 95 per cent. of the nominal amount of the Notes
* Expiration Time: 12:00 P.M. (London time) on 19 October 2018
* Settlement: Currently expected to be on or before 25 October 2018
* Purpose: Part of the Company s policy to actively manage its balance sheet liabilities and to achieve a lower running cost of debt
* Sole Dealer Manager: ANZ
* Info and Tender Agent: D.F. King Ltd
* Offer Website: https://sites.dfkingltd.com/pb

Total size =52K