| Narrative version | NOTICE IS HEREBY GIVEN that pursuant to Section 3.08 of the Indenture, dated as of March 12, 2020 and the Supplemental Indenture dated as of December 7, 2020 (the Indenture ), between, among others, Lodha Developers International Limited (the Issuer ), Macrotech Developers Limited (the Parent Guarantor ), the Bank of New York Mellon, London Branch, as trustee (the Trustee ) and BNY Mellon Corporate Trustee Services Limited, as security trustee (the Security Trustee ) and Paragraph 6 of the Notes relating to the Issuer s US$ 225 million, 14% Senior Secured Notes due 2023 (the Notes ), the Issuer shall redeem the Notes of amount US$ 170,000,000 (United States Dollars One Hundred Seventy Million), on March 12, 2022 (the Redemption Date )
Pursuant to Section 3.08 of the Indenture, the redemption price for the Notes will be 100.25% of the principal amount of the Notes to be redeemed ( Redemption Price ), plus accrued and unpaid interest thereon up to (but not including) March 12, 2022 to be paid to the Persons who are registered holders of the Notes on the Business Day immediately prior to the Redemption Date ( Record Date ). The Mandatory Redemption Amount is US$ 170,425,000 (United States Dollars One Hundred Seventy Million Four Hundred Twenty Five Thousand). This Mandatory Redemption Amount is excluding interest accrued and unpaid up to (but not including) March 12, 2022 and will be paid separately.
Capitalized terms used herein have the meanings assigned to them in the Indenture referred to above unless otherwise indicated.
The record holder of all Notes is The Bank of New York Mellon, London Branch, the nominee of the Common Depository for the accounts of Euroclear and Clearstream. Accordingly, all Notes surrendered for redemption hereunder will be delivered through the transmittal procedures of the Common Depository and redeemed in accordance with the procedures of the Common Depository. |