ABM Investama starts $40 million tender offer for 9½% notes

Chicago, Oct. 20 – PT ABM Investama Tbk. started a $40 million capped tender offer for its 9½% senior notes due 2026, (ISINs: US69379AAB17, USY708CHAB61), according to a notice.

At the start of the offer, there were $200 million of the notes outstanding.

Noteholders who tender by the early deadline will receive $1,000 cash for each $1,000 principal amount of notes tendered, inclusive of a $50 early tender premium that will not be paid to noteholders who tender after the early deadline.

Interest will also be paid to the settlement date.

The early tender deadline is 5 p.m. ET on Nov. 2, also the withdrawal deadline.

The expiration time is 11:59 p.m. ET on Nov. 17.

Settlement is expected for Nov. 23.

Tenders may be subject to proration.

There is a financing condition on the offer.

BNI Securities Pte. Ltd. (+65 6911 1375, +65 6911 3759, liabilitymgmt@bnisecurities.com.sg) and Mandiri Securities Pte. Ltd. (msliability.mgmt@mandirisek.co.id) are the dealer managers.

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

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

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