General Announcement::Doosan Infracore : Consent Solicitation Launch

Issuer & Securities

Issuer/ Manager
DOOSAN INFRACORE CO., LTD.
Securities
DOOSANINF US$300M2.25%N221118 - XS2078374159 - XG7B
DOOSANINF US$300M1%N230721 - XS2201951477 - LPBB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Mar-2021 12:00:57
Status
New
Announcement Sub Title
Doosan Infracore : Consent Solicitation Launch
Announcement Reference
SG210322OTHR3NEV
Submitted By (Co./ Ind. Name)
Doosan Infracore Co.,Ltd.
Designation
IR Team
Effective Date and Time of the event
22/03/2021 12:00:00
Description (Please provide a detailed description of the event in the box below)
Invitation by Doosan Infracore Co., Ltd. to the holders of its outstanding USD 300,000,000 2.25% Guaranteed Senior Unsecured Notes due 2022 unconditionally and irrevocably guaranteed by the Korea Development Bank (the 2022 Notes ) and USD 300,000,000 1.000% Guaranteed Senior Unsecured Notes due 2023 unconditionally and irrevocably guaranteed by the Korea Development Bank (the 2023 Notes ) to consent to certain amendments and waivers relating to the 2022 Notes and 2023 Notes, (a) to approve the substitution of Doosan Heavy in place of the Issuer as principal debtor in respect of each series of Notes and the release of the Issuer from all obligations and liabilities under each series of Notes together with the other amendments as set out in the relevant Extraordinary Resolutions (the Proposed Amendments); and (b) to approve the irrevocable waiver and authorisation of any breach or alleged breach whatsoever of any obligation under or in respect of the Notes or the Note Documents which may be breached or may be capable of being breached by the threat of the Merger or the Proposed Amendments together with the other waivers as set out in the relevant Extraordinary Resolutions (the Proposed Waivers, and, together with the Proposed Amendments, the Proposed Amendments and Waivers).

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