Lippo Malls Indonesia tenders, seeks consents for 2024, 2026 notes

By Marisa Wong

Los Angeles, Dec. 11 – Lippo Malls Indonesia Retail Trust (LMIR Trust) announced the start of separate tender offers and related consent solicitations for the $250 million 7¼% senior notes due 2024 (ISIN: XS2010198260) and the $200 million 7½% senior notes due 2026 (ISIN: XS2295115997) issued by LMIRT Capital Pte. Ltd. and guaranteed by Perpetual (Asia) Ltd., the trustee of LMIR Trust.

LMIRT Management Ltd., as manager of LMIR Trust, announced that LMIRT Capital is inviting holders of each series of its outstanding notes to tender their notes for purchase up to an aggregate principal amount that it can purchase for an amount equal to all or part of the net proceeds of a credit facility.

Concurrently, LMIRT Capital is seeking consents from holders to proposed amendments to each of the indentures governing the notes.

Deutsche Bank AG, Singapore Branch is the dealer manager and consent solicitation agent.

All documentation with details relating to the tender offers and consent solicitations are available through Morrow Sodali Ltd., the tabulation, information and tender agent (https://projects.morrowsodali.com/LMIRTtender; https://projects.morrowsodali.com/LMIRTconsent).

The Indonesian real estate investment trust is based in Singapore.

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