Minor International settles tender offer for perpetual securities

Chicago, July 19 – Minor International PCL announced the settlement of its cash tender offer for any and all of its $300 million outstanding guaranteed senior perpetual securities (ISIN: XS1912662183), according to an announcement.

The company announced on Friday that $292.78 million of the notes, or 97.59%, had been tendered by the expiration time at 11 a.m. ET on July 15.

Tendering noteholders were due to receive 101.748 unless more than 75% of the notes were tendered. As more than 75% of the notes were tendered, the purchase price will be increased to 101.898.

An accrued distribution payment will also be paid.

The tender offer was conditioned on the sale of new securities, a condition which has been satisfied.

The issuer intends to issue a clean-up call for the remainder of the notes.

HSBC Ltd. is the dealer manager (+852 3941 0223, +44 20 7992 6237, liability.management@hsbcib.com).

Morrow Sodali Ltd. is the tender and information agent (+44 20 8089 3287, +852 2319 4130, minor@investor.morrowsodali.com, https://bonds.morrowsodali.com/minor).

Based in Bangkok, Minor is a multinational corporation that focuses on hospitality, restaurants and lifestyle distribution.

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