General Announcement::Notice Revision Term Sheet

Issuer & Securities

Issuer/ Manager
PB INTERNATIONAL B.V.
Securities
PB INTL USD200M7.625%N220126 - XS1555631925 - 68AB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Nov-2021 14:05:27
Status
New
Announcement Sub Title
Notice Revision Term Sheet
Announcement Reference
SG211118OTHRJ6MO
Submitted By (Co./ Ind. Name)
Hudya Indah Panggita
Designation
Corporate Secretary
Effective Date and Time of the event
18/11/2021 13:00:00
Description (Please provide a detailed description of the event in the box below)
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, email,
announced on SGXNet and are available to download from the website in respect of the Scheme
(https://bonds.morrowsodali.com/PanBrothers) (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 Information Agent (contact details below) or the Company.

Appendix 6 of the Explanatory Statement and Schedule 2 of the Scheme document set out the term sheet for the
Existing Notes (the "Restructuring Term Sheet (Existing Notes)") and Appendix 7 of the Explanatory
Statement and Schedule 2 of the Scheme document set out the term sheet for the Existing Syndicated Facility
(the "Restructuring Term Sheet (Syndicated Facility)"). Clause 14.5 of the Scheme document provides a
mechanic for the Company to revise the various term sheets (including the Restructuring Term Sheet (Existing
Notes) and the Restructuring Term Sheet (Syndicated Facility)) if it receives comments from Scheme Creditors.
Having received such comments and considered them in accordance with the terms of the Clause 14.5 of the
Scheme document, the Company has agreed to revise the Restructuring Term Sheet (Existing Notes) and the
Restructuring Term Sheet (Syndicated Facility) to take in some of those comments. The revised Restructuring
Term Sheet (Existing Notes) and the revised Restructuring Term Sheet (Syndicated Facility) will be circulated to the Scheme Creditors (through the Information Agent in the case of the Scheme Creditors that are Noteholders
and in the case of other Scheme Creditors through the applicable Administrative Parties where relevant).

Pursuant to Clause 14.5 of the Scheme the revised Restructuring Term Sheet (Existing Notes) and the revised
Restructuring Term Sheet (Syndicated Facility) shall replace the Restructuring Term Sheet (Existing Notes) and
the Restructuring Term Sheet (Syndicated Facility) set out in Schedule 2 to the Scheme document and set out
in Appendix 6 and Appendix 7 of the Explanatory Statement (as applicable) for all purposes of the Scheme
without any further action or consent being required.

Attachments

Pan Brothers - Notice Revision Term Sheet.pdf
Total size =212K