Global Prime begins tender offer for any and all 5.95% notes due 2025

By Marisa Wong

Los Angeles, Oct. 19 – Global Prime Capital Pte. Ltd. is offering to purchase for cash any and all of its outstanding $300 million 5.95% senior notes due 2025 (ISIN: XS2050614796) guaranteed by parent PT Bumi Serpong Damai Tbk. and some of its subsidiaries, according to a notice.

The company is offering a purchase price of par and will also pay accrued interest.

The offer will expire at 11 a.m. ET on Nov. 3.

Results will be announced on Nov. 6.

Settlement is expected to be on Nov. 8.

The company said it has the discretion to purchase none of the notes tendered under the offer.

The offer is being made as part of the active liability management of the company’s balance sheet.

UBS AG Singapore Branch (+65 6495 8623; fax +65 6495 3426; ol-liabilitymanagement-sea@ubs.com) is the dealer manager.

The information and tender agent is Morrow Sodali Ltd. (+852 2319 4130; +44 20 4513 6933; bsd@investor.morrowsodali.com; https://projects.morrowsodali.com/bsd).

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