General Announcement::RESULTS OF EXCHANGE OFFER AND ISSUANCE OF US$130,000,000 12.00% SENIOR NOTES DUE 2020

Issuer & Securities

Issuer/ Manager
HYDOO INTERNATIONAL HOLDING LIMITED
Securities
HYDOO INT US$100M13.75%N181215 - XS1332095659 - 38QB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-May-2018 07:11:04
Status
New
Announcement Sub Title
RESULTS OF EXCHANGE OFFER AND ISSUANCE OF US$130,000,000 12.00% SENIOR NOTES DUE 2020
Announcement Reference
SG180503OTHRSWXR
Submitted By (Co./ Ind. Name)
Hydoo International Holding Limited
Designation
Lina Liang
Effective Date and Time of the event
03/05/2018 07:00:00
Description (Please provide a detailed description of the event in the box below)
The Exchange Offer expired at 4:00 p.m., London time, on 30 April 2018. The Company hereby informs Eligible Holders that, as at the Exchange Expiration Deadline, US$98,400,000 of the Existing Notes, representing approximately 61.5% of the total aggregate principal amount of the outstanding Existing Notes, has been validly tendered for exchange and accepted pursuant to the Exchange Offer.
On 2 May 2018 (Hong Kong time), the Company and the Subsidiary Guarantors further entered into the Purchase Agreement with Haitong International, Morgan Stanley and Potomac Capital in connection with the issue of additional New Notes under the Concurrent New Money Issuance.
Subject to completion of the Exchange Offer and the Concurrent New Money Issuance, the Company will issue US$25,893,000 of the New Notes in the Concurrent New Money Issuance and US$104,107,000 of the New Notes pursuant to the Exchange Offer, for an aggregate principal amount of US$130,000,000 of the New Notes.

Attachments

LTN20180503011.pdf
Total size =73K