General Announcement::Announcement on the early settlement with respect to its previously announced Tender Offer

Issuer & Securities

Issuer/ Manager
GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED
Securities
GMRHYDERABUS$300M5.375%240410R - USY3004WAB82 - ERCB
GMRHYDERABUS$300M4.75%N260202A - US36256WAC82 - ZHLB
GMRHYDERABUS$300M4.75%N260202R - USY3004WAC65 - Y2XB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
15-Mar-2023 13:17:21
Status
New
Announcement Sub Title
Announcement on the early settlement with respect to its previously announced Tender Offer
Announcement Reference
SG230315OTHRA2LN
Submitted By (Co./ Ind. Name)
Kiran Kumar Manikwar
Designation
Company Secretary
Effective Date and Time of the event
15/03/2023 13:20:00
Description (Please provide a detailed description of the event in the box below)
Announcement of GMR Hyderabad International Airport Limited (GHIAL or the Company) on the early settlement with respect to its previously announced Tender Offer to purchase for cash up to US$100,000,000 in aggregate principal amount of outstanding of (1) 5.375% Senior Secured Notes due 2024 (2) 4.75% Senior Secured Notes due 2026. Pursuant to the settlement of the Tender Offer with respect to the 2024 Notes, the Company paid a total of US$ 103,247,655.85, comprised of (i) the Early Tender Consideration in the amount of U.S.$1,010.00 per U.S.$1,000 in principal amount of the 2024 Notes, and (ii) the applicable accrued interest payment, with respect to US$ 99,950,000 in aggregate principal amount of the 2024 Notes. Accordingly, US$ 99,950,000 in aggregate principal amount of the 2024 Notes was cancelled on March 14, 2023. As of the date of this announcement, the aggregate principal amount of the 2024 Notes outstanding is US $73,610,000, and the aggregate principal amount of the 2026 Notes outstanding will remain as US $287,315,000.

Attachments

GHIAL Announcement Early Settlement Date March 15 2023.pdf
Total size =46K