16th May 2017 13:49
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
16 May 2017
MHP S.A. ANNOUNCES RESULTS OF TENDER OFFER
MHP S.A. (the "Company") today announces that (i) the conditions to the Company's previously announced cash tender offer (the "Tender Offer"), are expected to be satisfied or waived prior to the Payment Date, (ii) holders ("Noteholders") of U.S.$245,200,000 aggregate principal amount of the Company's outstanding U.S.$750,000,000 8.25% Notes due 2 April 2020 (the "Notes") validly tendered their Notes on or prior to 11:59 p.m. (New York City time) on 15 May 2017 (the "Expiration Deadline"), (iii) the Company has accepted for purchase all validly tendered Notes as set forth in the table below and (iv) the aggregate principal amount of Notes outstanding following completion of the Tender Offer is U.S.$504,800,000. The Tender Offer was made on the terms and conditions as set forth in a tender offer memorandum dated 18 April 2017 (as it may be amended or supplemented from time to time, the "Tender Offer Memorandum") in accordance with the procedures described therein and as modified by the Company in its announcement on 24 April 2017. Capitalized terms used but not otherwise defined in this announcement have the same meanings given to them in the Tender Offer Memorandum.
Description of the Notes | Regulation S Notes | Rule 144A Notes | Principal Amount of Notes Accepted for Purchase | Outstanding Principal Amount Following Settlement of the Tender Offer |
U.S.$750,000,000 8.25% Notes due 2 April 2020 | Common Code 078395044 / ISIN: USL6366MAC75 / CUSIP: L6366MAC7 | Common Code 078395079 / ISIN: US55302TAC99 / CUSIP: 55302TAC9 | U.S.$245,200,000 | U.S.$504,800,000 |
On or about 16 May 2017, on the terms and subject to the conditions in the Tender Offer Memorandum, the Noteholders will be paid the Early Tender Offer Consideration or the Tender Offer Consideration, as applicable, plus the Accrued Interest Amount from (and including) the immediately preceding interest payment date for the Notes up to but not including the Payment Date.
The Tender Offer has now expired and no further Notes can be tendered for purchase.
The Notes acquired in the Tender Offer will be cancelled. Notes that have not been successfully tendered for purchase and accepted by the Company pursuant to the Tender Offer will remain outstanding and will remain subject to the indenture governing the Notes.
For Further Information
Further details about the Tender Offer can be obtained from:
The Joint Dealer Managers
J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP United Kingdom Telephone: +44 20 7134 2468 E-mail: [email protected] Attention: Liability Management | ING Bank N.V., London Branch 8-20 Moorgate London EC2R 6DA United Kingdom Telephone: +44 20 7767 5107 Email: [email protected] Attention: Global Debt Syndicate |
The Information and Tender Agent
D.F. King Limited
Email: [email protected]
Tender Offer Website: https://sites.dfkingltd.com/mhp
In London:
125 Wood Street
London EC2V 7AN
United Kingdom
By telephone: +44 20 7920 9700
In Hong Kong
Suite 1601, 16/F, Central Tower
28 Queen's Road Central
Hong Kong
Telephone: +852 3953 7230
In New York
48 Wall Street, 22nd Floor
New York, New York 10005
United States
Banks and Brokers call: +1 212 269 5550
All others call Toll-Free: +1 800 848 3405
By Facsimile Transmission (for Eligible Institutions only): +1 212 709 3328
For Confirmation: +1 212 269 5552
Attention: Andrew Beck
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
Related Shares:
Mhp Reg S