General Announcement::Partial Redemption on Notes $175,000,000 due 2021

Issuer & Securities

Issuer/ Manager
ALAM SYNERGY PTE LTD.
Securities
ALAMSYNERGYUS$175M11.5%210422 - XS1937702311 - YXQB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
23-Mar-2020 10:17:55
Status
New
Announcement Sub Title
Partial Redemption on Notes $175,000,000 due 2021
Announcement Reference
SG200323OTHRHGCR
Submitted By (Co./ Ind. Name)
Company
Designation
Company
Effective Date and Time of the event
23/03/2020 09:00:00
Description (Please provide a detailed description of the event in the box below)
Notice is hereby given to the holders of the Notes (the Holders ).
Reference is made to the Indenture dated as of January 22, 2019 among Alam Synergy Pte. Ltd. (the Issuer ), PT Alam Sutera Realty Tbk (the Parent Guarantor ), The Bank of New York Mellon, London Branch, as trustee (the Trustee ), The Bank of New York Mellon as collateral agent, and the Subsidiary Guarantors named therein (the Indenture ). Capitalized terms not otherwise defined herein shall have the meaning given to such terms in the Indenture. Pursuant to Section 3.02(a) of the Indenture, the Issuer has irrevocably elected to redeem and pay, and will redeem and pay, on April 22, 2020 (the Redemption Date ), US$ 60.0 million of its outstanding Notes (the Redeemed Notes ) at a redemption price (the Redemption Price ) equal to 102.875% of the principal amount of all Redeemed Notes plus accrued and unpaid interest on the Redeemed Notes on the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable on the Redeemed Notes. Unless the Issuer defaults in paying the Redemption Price on the Redemption Date, interest on the Redeemed Notes shall cease to accrue on and after the Redemption Date.

Attachments

Notice of Redemption.pdf
Total size =308K