General Announcement::NOTICE OF PROPOSED SCHEME OF ARRANGEMENT

Issuer & Securities

Issuer/ Manager
MODERNLAND OVERSEAS PTE. LTD.
Securities
MODERNLD US$2.371125M3%N270430 - XS2421278388 - 9H6B
MODERNLANDUS$268.48M3%N270430 - XS1592893546 - 6S5B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Dec-2024 16:11:29
Status
New
Announcement Sub Title
NOTICE OF PROPOSED SCHEME OF ARRANGEMENT
Announcement Reference
SG241217OTHRYZSG
Submitted By (Co./ Ind. Name)
Christha Meirin
Designation
Investor Relation Manager
Effective Date and Time of the event
17/12/2024 13:00:00
Description (Please provide a detailed description of the event in the box below)
NOTICE OF PROPOSED SCHEME OF ARRANGEMENT

We refer to the Amended and Restated Guaranteed Senior Notes due April 30, 2027 issued by Modernland Overseas Pte. Ltd. (the Company ) with ISIN: XS1592893546 and Common Code: 159289354(the Old Notes ) and to the Guaranteed Senior PIK Toggle Notes due April 30, 2027 issued by the Company (the Old PIK Notes , and collectively the Scheme Notes ).

The Company has circulated terms of an arrangement and compromise which it plans to implement as a scheme of arrangement (the Scheme ) pursuant to Section 71 of the Singapore Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018). The Scheme document together with an explanatory statement in relation to the Scheme (the Explanatory Statement ) has been circulated through the clearing systems, announced on SGXNet and are available to download from the website in respect of the Scheme (https://deals.is.kroll.com/modernland) (the Scheme Website ). Printed copies of the Scheme document and Explanatory Statement can also be obtained free of charge by Scheme Creditors (as defined in the Scheme) on request from the Company.

Attachments

2024.12.17 - MOPL - Announcement.pdf
Total size =767K