Source - RNS
RNS Number : 3065K
MHP SE
09 April 2018
 

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: [email protected]

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: [email protected]

Attention: Liability Management

UBS Limited

5 Broadgate

London EC2M 2QS

United Kingdom

Telephone: +44 20 7568 2133

Attention: Liability Management Group

Email: [email protected]

The Information and Tender Agent

D.F. King Limited

Email: [email protected]
Tender Offer Website:
https://sites.dfkingltd.com/mhp

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

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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