9 Apr 2018 14:46
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
9 April 2018
MHP SE ANNOUNCES RESULTS OF TENDER OFFER
Further to its announcement on 3 April, MHP SE (the "Company") today announces that (i) holders ("Noteholders") validly tendered U.S.$6,400,000 in aggregate principal amount of the Company's 8.25% Notes due 2 April 2020 (the "Notes") into its previously announced cash tender offer (the "Tender Offer") following the Early Tender Deadline, (ii) the Company has accepted for purchase all validly tendered Notes as set forth in the table below and (iii) the aggregate principal amount of Notes outstanding following completion of the Tender Offer is U.S.$79,417,000. The Tender Offer was made on the terms and conditions as set forth in a tender offer memorandum dated 9 March 2018 (the "Tender Offer Memorandum") in accordance with the procedures described therein. 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 in the Tender Offer1 | Outstanding Principal Amount Following Settlement of the Tender Offer |
U.S.$750,000,000 8.25% Notes due 2 April 2020 | Common Code 091050617 / ISIN: USL6366MAC75 / CUSIP: L6366MAC7 | Common Code 078395079 / ISIN: US55302TAC99 / CUSIP: 55302TAC9 | U.S.$416,183,000 | U.S.$79,417,000 |
1. Includes U.S.$409,783,000 in aggregate principal amount of Notes tendered and accepted prior to the Early Tender Deadline and U.S.$6,400,000 in aggregate principal amount of Notes tendered following the Early Tender Deadline | ||||
On or about 10 April 2018, on the terms and subject to the conditions in the Tender Offer Memorandum, Noteholders who validly tendered following the Early Tender Deadline and on or before the Expiration Deadline will be paid the Tender Offer Consideration of U.S.$1,065 per U.S.$1,000 principal amount plus the Accrued Interest Amount from (and including) the immediately preceding interest payment date for the Notes up to but not including the Final 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
ING Bank N.V., London Branch 8-20 Moorgate London EC2R 6DA United Kingdom Telephone: +31 20 563 8017 Email: liability.management@uk.ing.com Attention: Liability Management | J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP United Kingdom Telephone: +44 20 7134 2468 E-mail: em_europe_lm@jpmorgan.com Attention: Liability Management | UBS Limited 5 Broadgate London EC2M 2QS United Kingdom Telephone: +44 20 7568 2133 Attention: Liability Management Group Email: ol-liabilitymanagement-eu@ubs.com |
The Information and Tender Agent
D.F. King Limited
Email: MHP@dfkingltd.comTender Offer Website: https://sites.dfkingltd.com/mhp
In London: 125 Wood Street London EC2V 7AN United Kingdom Telephone: +44 20 7920 9700
| 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 | In Hong Kong Suite 1601, 16/F, Central Tower 28 Queen's Road Central Hong Kong Telephone: +852 3953 7230
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This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
Mhp Reg S (MHPC)