ABM Investama plans offering of new dollar-denominated notes

By Rebecca Melvin

Concord, N.H., July 21 – PT ABM Investama Tbk. is planning to price new U.S. dollar-denominated senior notes, according to a company news release on Wednesday.

The offering is being made concurrently with a cash tender offer for the company’s $350 million of 7 1/8% senior notes due 2022 (ISIN: US69379AAA34, USY708CHAA88).

The company said it will pay par plus accrued interest plus $17.81 per note, which will constitute an early tender payment, for notes validly tendered and accepted prior to 5 p.m. ET on Aug. 3, which is the early tender deadline. The early settlement date is Aug. 6.

The tender offer expires at 5 p.m. ET on Aug. 18, and settlement of the notes tendered after the early deadline and prior to expiry is expected to occur on Aug. 23.

Deutsche Bank AG, Singapore Branch (liability_management_sea@list.db.com) and Mandiri Securities Pte. Ltd. (msliability.mgmt@mandirisek.co.id) are the dealer managers of the tender, and Morrow Sodali Ltd. (+44 20 4513 6933, +852 2319 4130, 203 609-4910) is the information and tender agent.

The energy resources, services and infrastructure company is based in South Jakarta, Indonesia.

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