CIMIC Announces Expiration of Previously Announced Tender Offer
Jun 22, 2015, 08:36 ET
ST. LEONARDS, Australia, June 22, 2015 /PRNewswire/ -- CIMIC Finance (USA) Pty Ltd (ABN 76 132 500 684; formerly Leighton Finance (USA) Pty Ltd) (the "Company"), a direct wholly-owned subsidiary of CIMIC Group Limited (ABN 57 004 482 982; formerly Leighton Holdings Limited) (the "Parent Guarantor"), announces the expiration of its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding US$500,000,000 5.950% Guaranteed Senior Notes due 2022 (the "Notes"). The terms and conditions of the Tender Offer are described in the Tender Offer Memorandum dated June 15, 2015 (the "Tender Offer Memorandum") and the related Letter of Transmittal and Notice of Guaranteed Delivery. Capitalized terms used but not otherwise defined in this announcement have the meanings given to them in the Tender Offer Memorandum.
The tender offer for the Notes expired at 5:00 p.m., New York City time, on Friday, June 19, 2015 (the "Expiration Time"). According to information provided by D.F. King & Co., Inc., acting as the tender agent and the information agent for the Tender Offer (the "Information Agent"), US$298,505,000 in aggregate principal amount of the Notes was validly tendered and not validly withdrawn prior to the Expiration Time (equal to approximately 59.7% of the principal amount of Notes outstanding).
As the conditions to the Tender Offer specified in the Tender Offer Memorandum have been satisfied, the Company expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and to pay the Total Consideration for such tendered Notes (US$1,106.41 for each US$1,000 principal amount of Notes tendered) on June 24, 2015.
The Hongkong and Shanghai Banking Corporation Limited and Societe Generale served as the dealer managers for the Tender Offer. D.F. King & Co., Inc. served as the tender agent and information agent for the Tender Offer.
Certain statements in this press release, including those describing the completion of the Tender Offer, constitute forward-looking statements. These statements are not historical facts but instead represent only the belief of the Company and the Parent Guarantor regarding future events, many of which, by their nature, are inherently uncertain and outside the control of the Company and the Parent Guarantor. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in such forward-looking statements.
SOURCE CIMIC Group Limited
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