E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers B > Headlines for BUMA Australia Pty Ltd. > News item
Published on 3/6/2024 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Bukit Makmur Mandiri Utama (BUMA) launches tender offer, solicitation

Chicago, March 6 – PT Bukit Makmur Mandiri Utama (BUMA) started a tender offer and consent solicitation for its $365.74 million of outstanding 7¾% senior notes due 2026 (Cusips: 74445NAB3, Y71300AB6), according to an invitation document.

The notes are unconditionally guaranteed by BUMA Australia Pty Ltd.

The company is offering a total early consideration of par for noteholders who tender by the early deadline. The early consideration includes a $2.50 consent fee for the related consent solicitation.

Late tendering noteholders will receive $970 per $1,000 note. Accrued interest will also be paid.

Concurrently with the offer, the issuer is soliciting consents to amend the supplemental indenture governing the notes.

Tendering noteholders will be deemed to have consented. However, noteholders may consent without tendering their notes and will receive the $2.50 consent fee.

The early offer and consent deadline is 5 p.m. ET on March 18.

The offer expires at 5 p.m. ET on April 2.

The initial settlement date is expected to be the fifth business day after the early deadline. Final settlement is planned three days after the offer expires.

BNI Securities Pte. Ltd. (+65 6911 3752, +65 6911 3759, liabilitymanagement@bnisecurities.com.sg) and Deutsche Bank AG, Singapore Branch (+65 6423 5342, dcm.sea@list.db.com) are the joint dealer managers and solicitation agents.

Morrow Sodali Ltd. is the tabulation, information and tender agent (+44 20 4513 6933, +852 2319 4130, 203 658 9457, buma@investor.morrowsodali.com, https://projects.morrowsodali.com/buma).

Bukit Makmur Mandiri Utama is a coal mining company based in Jakarta, Indonesia.


© 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.