| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mongolian Mining Corp. > News item |
Mongolian Mining invites noteholders to tender $100 million 9¼% notes
Chicago, Nov. 7 – Mongolian Mining Corp. invited noteholders to tender up to $100 million purchase price of their $440 million outstanding 9¼% senior notes due 2024 (Cusips: 60938LAA2, G61759AA7), according to a notice.
The company’s indirect subsidiary ER commenced the tender offer.
ER is offering to buy the notes at a price that will be determined through a modified Dutch auction.
The total consideration will be between $570 and $630 as an acceptable bid range.
The total consideration notated above will include a $50 early tender payment only paid to early tendering noteholders.
Holders who tender after the early date will receive the clearing price, minus the early tender payment.
Tendering holders may specify a bid. Noteholders who do not specify a bid price are deemed to have bid at the low end of the acceptable bid range.
The early tender deadline is 5 p.m. ET on Nov. 21, also the withdrawal date.
Early acceptance is slated for Nov. 22 with early settlement planned for Nov. 28.
The offer expires at 11:59 p.m. ET on Dec. 6. Final settlement would be Dec. 9.
Morgan Stanley & Co. International plc is the dealer manager (+852 3963 4773, +44 20 7677 5040).
Morrow Sodali Ltd. is the tender and information agent (+852 2319 4130, +44 20 4513 6933, 203 609-4910, mmc@investor.morrowsodali.com, https://projects.morrowsodali.com/mmc).
Mongolian Mining is an Ulaanbaatar, Mongolia-based coking coal producer and exporter.
© 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.