General Announcement::OFFER TO PURCHASE FOR CASH BY COMPNAY OF ITS OUTSTANDING 11.0% SENIOR NOTES DUE 2020

Issuer & Securities

Issuer/ Manager
REDCO PROPERTIES GROUP LIMITED
Securities
REDCOPROP US$200M11%N200829 - XS1871136286 - ENXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-May-2020 08:00:18
Status
New
Announcement Sub Title
OFFER TO PURCHASE FOR CASH BY COMPNAY OF ITS OUTSTANDING 11.0% SENIOR NOTES DUE 2020
Announcement Reference
SG200519OTHRMCOM
Submitted By (Co./ Ind. Name)
CHAN HING CHAU
Designation
COMPANY SECRETARY
Effective Date and Time of the event
19/05/2020 08:30:00
Description (Please provide a detailed description of the event in the box below)
The Company is making an offer to purchase for cash its outstanding 2020 Notes
up to the Maximum Acceptance Amount at a purchase price of US$1,000 per
US$1,000 principal amount of the 2020 Notes. It is the current intention of the
Company that the Maximum Acceptance Amount will be the lower of the
Outstanding Principal Amount and the New Issue Amount, although the Company
reserves the right, in its sole discretion, to accept significantly more than or
significantly less than the Maximum Acceptance Amount, or to accept none of
such 2020 Notes, for purchase pursuant to the Offer. The Company has made
available today to the Eligible Holders the Offer to Purchase setting out, among
other things, the terms, the New Issue Condition and other conditions of the Offer.
The Offer to Purchase is available on the Offer Website.
The Offer is being made as part of the Company s policy to actively manage its
balance sheet liabilities and optimize its debt structure.
Credit Suisse is acting as the Dealer Manager and Morrow Sodali Ltd. is acting as
the Information and Tender Agent in relation to the Offer.

Attachments

E_1622_SGX version.pdf
Total size =111K