General Announcement::Consent Solicitation

Issuer & Securities

Issuer/ Manager
REDCO PROPERTIES GROUP LIMITED
Securities
REDCOPROP US$266M9.9%N240217 - XS2231089546 - YIXB
REDCOPROP CNY600M10.5%N230106 - XS2360310473 - 55TB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Mar-2022 18:42:00
Status
New
Announcement Sub Title
Consent Solicitation
Announcement Reference
SG220314OTHRX2K5
Submitted By (Co./ Ind. Name)
Redco Properties Group Limited
Designation
Company Secretary
Effective Date and Time of the event
14/03/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
On March 14, 2022, the Company is soliciting consents from the Notes Holders to certain proposed amendment to the Indentures pursuant to the Consent Solicitation as described in the Consent Solicitation Statement.

The principal purpose of this Consent Solicitation and the Proposed Amendment is to amend the events of default provision in the Indentures to increase the cross-default and judgment default threshold, carve out any default or event of
default in respect of each Series of Notes as a result of a default or event of default occurring under the Excluded Indebtedness, and other consequential amendments to permit the respective Trustees to instruct the collateral agent not to take any enforcement action against the collateral if the trustees and/or any holders of the Existing Notes proceed to enforce the collateral as a result of an event of default under the Existing Notes.

Attachments

Redco_CSS.pdf
Total size =109K