General Announcement::NOTICE 7.125% Senior Notes due 2022 ISIN Code: XS1555346995

Issuer & Securities

Issuer/ Manager
JAIN INTERNATIONAL TRADING BV
Securities
JAININTL USD200M7.125%N220201 - XS1555346995 - 68JB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Mar-2021 19:16:23
Status
New
Announcement Sub Title
NOTICE 7.125% Senior Notes due 2022 ISIN Code: XS1555346995
Announcement Reference
SG210317OTHRAWC7
Submitted By (Co./ Ind. Name)
Jain International Trading B.V.
Designation
Company
Effective Date and Time of the event
17/03/2021 12:30:00
Description (Please provide a detailed description of the event in the box below)
Jain International Trading BV ("JITBV" or the "Company"), a wholly-owned subsidiary of Jain Irrigation Systems Limited ("JISL" and together with its subsidiaries, the "Group"), had issued USD 200 million 7.125% Senior Notes due 2022 (the Original Notes ) pursuant to an indenture (the "Indenture") dated February 1, 2017 between, among others, JITBV as the issuer, and JISL as parent guarantor.

JITBV and an ad-hoc group of Holders of certain Original Notes, together with their respective advisors, have been engaged in constructive dialogues towards a restructuring of its indebtedness on the Original Notes over the past few months. JITBV is pleased to announce that it has entered into a Restructuring Support Agreement (the RSA ) formalizing the terms for restructuring the Notes (the Restructuring ) that will strengthen the Company s overall financial position and enable the Company to focus on growth.

Attachments

JITBV Lock_Up_Announcement_17_03_21.pdf
Total size =115K