Business
Expiration and Results of Tender Offer
Expiration and Results of Tender Offer.
About this update from Avation Plc
[{"type":"text","content":"\n \n \n \n Via RNS and SGXNET\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n \n \n \n \n \n \n \n AVATION PLC\n \n \n \n \n (\"Avation\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n AVATION CAPITAL S.A.\n \n \n \n \n OFFER TO PURCHASE ITS\n \n \n 9.00%/8.25% Senior PIK Toggle Notes maturing October 31, 2026 ISSUED UNDER the US$1,000,000,000 Global Medium Term Note Programme and guaranteed by Avation PLC AND Avation Group (S) Pte. Ltd.\n \n \n FOR UP TO US$100,000,000 IN AGGREGATE CASH CONSIDERATION (THE \"TENDER OFFER\")\n \n \n \n \n Expiration and Results of Tender Offer\n \n \n \n Reference is made to the Company's announcement (\"Announcement\") dated October 19, 2022 and the offer to purchase dated October 19, 2022, as amended and supplemented by Supplement no. 1 dated October 25, 2022, Supplement no. 2 dated November 2, 2022, Supplement no. 3 dated November 18, 2022, Supplement no. 4 dated November 30, 2022 and Supplement no. 5 dated December 14, 2022, and as amended and restated on January 26, 2023 and further supplemented by Supplement No. 7 dated February 9, 2023 (the \"Offer to Purchase\") in relation to the Tender Offer.\n Capitalised terms not otherwise defined in this announcement shall have the same meanings assigned to them in the Announcement and/or the Offer to Purchase (as the case may be).\n \n \n \n Expiration and Results of Tender Offer\n \n \n \n The Tender Offer expired at 5:00 P.M., New York City Time, on February 17, 2023 (the \"Expiration Date\").\n \n \n As of the Expiration Date, US$7,055,202 in principal amount of the Notes have been validly tendered and not withdrawn pursuant to the Tender Offer.\n The Company believes that this is a satisfactory outcome given market conditions. Having further considered the terms of the Tender Offer and the prices of the Notes in the market, the Company has decided to not extend the Tender Offer and to purchase such Notes validly tendered and not withdrawn. The Comp...