| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item |
Indonesia's Listrindo Capital wraps up tender offer for 9¼% notes
By Marisa Wong
Madison, Wis., Feb. 28 - Listrindo Capital BV said that holders tendered a total of 93.52% of the outstanding principal amount of its 9¼% senior notes due 2015 as of 11:59 p.m. ET on Feb. 27, the expiration of the cash tender offer. The company has accepted for purchase all tendered notes.
As previously announced, holders tendered 93.33% of the 9¼% notes as of 5 p.m. ET on Feb. 10, the early deadline for the tender offer that began on Jan. 30. The early tendered notes settled on Feb. 21.
Holders also delivered their consents to proposed amendments to the indenture governing the 9¼% notes. As of the early deadline, the company received the needed consents to eliminate substantially all of the restrictive covenants, some events of default and other provisions in the original indenture.
Holders who tendered their notes and delivered their consents by the early deadline received the total consideration of $1,107.50 per $1,000 principal amount of notes. The total consideration included a $30.00 early consent payment. Holders received accrued interest to but excluding the early settlement date.
Holders who tendered their notes after the early deadline will only receive the tender offer consideration, which is equal to $1,077.50 for each $1,000 of notes, or the total consideration less the early consent payment. The company will also pay accrued interest to but excluding the settlement date.
The settlement date for notes tendered after the early deadline is March 1.
Barclays Capital (+44 20 7773 8990, +65 6308 3342, 800 438-3242 or 212 528-7581) and Credit Suisse (+44 20 7883 8763) are the dealer managers and consent solicitation agents, and D.F. King & Co. Inc. (212 269-5550 for banks and brokers or 800 714-3312 for all others) is the depositary and information agent.
Listrindo Capital is a subsidiary of PT Cikarang Listrindo, a Jakarta, Indonesia-based power company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.