MHP SE Announces Satisfaction of Financing Condition
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
LIMASSOL, Cyprus, April 3, 2018 /PRNewswire/ -- MHP SE (the "Company") today announces that the Financing Condition to the Company's previously announced cash tender offer (the "Tender Offer") has been satisfied and the Company has accepted for purchase U.S.$409,783,000 aggregate principal amount of the Company's 8.25% Notes due 2 April 2020 (the "Notes") validly tendered and not validly withdrawn by Noteholders prior to the Early Tender Deadline, as set forth in the table below. The Tender Offer is being made, subject to the offer and distribution sections set out below, on the terms and conditions as set forth in a tender offer memorandum dated 9 March 2018 (as it may be amended or supplemented from time to time, 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.
This announcement does not constitute an offer to acquire any of the Notes, which is being made solely pursuant to the Tender Offer Memorandum. Noteholders are advised to read the Tender Offer Memorandum for full details of, and information on, procedures for participating in the Tender Offer. Copies of the Tender Offer Memorandum and announcements are available, subject to offer and distribution restrictions, on the Tender Offer Website: https://sites.dfkingltd.com/mhp
Description of the |
Regulation |
Rule |
Outstanding |
Early Tender |
Tender Offer |
Amount |
Amount Tendered |
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Per U.S.$1,000 |
Per U.S.$1,000 |
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U.S.$750,000,000 |
Common |
Common |
U.S.$495,600,000 |
U.S.$1,095 |
U.S.$1,065 |
Any and all |
U.S.$409,783,000 |
Expected Timetable of Events |
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The times and dates below are indicative only. |
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Action |
Date and Time |
|
Early Payment Date......................... |
On or around 6 April 2018 |
|
Expiration Deadline.......................... |
11:59 p.m. (NYC time) on 6 April 2018 |
|
Final Results Announcement Date.... |
On or around 9 April 2018 |
|
Payment Date.................................... |
A date promptly following the Expiration Deadline, |
For Further Information
A complete description of the terms and conditions of the Tender Offer is set out in the Tender Offer Memorandum. Further details about the Tender Offer can be obtained from:
The Joint Dealer Managers
Requests for information in relation to the Tender Offer should be directed to:
ING Bank N.V., London Telephone: +31 20 563 8017 Email: Attention: Liability Management |
J.P. Morgan Securities plc Telephone: +44 20 7134 2468 E-mail: Attention: Liability Management |
UBS Limited Telephone: +44 20 7568 2133 Attention: Liability Management Group Email: |
The Information and Tender Agent
Requests for information in relation to the procedures for tendering Notes and participating in the Tender Offer and the submission of an electronic instruction or submission should be directed to the Information and Tender Agent.
D.F. King Limited |
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Email: [email protected] |
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In London: 125 Wood Street London EC2V 7AN United Kingdom Telephone: +44 20 7920 9700
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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 For Confirmation: +1 212 269 5552 Attention: Andrew Beck |
In Hong Kong Suite 1601, 16/F, Central 28 Queen's Road Central Hong Kong Telephone: +852 3953 7230
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SOURCE MHP SE
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