Business
Tender Offer
Tender Offer.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \n \n \n \n 13 September 2022\n \n \n LSE: PDL\n \n \n \n Petra Diamonds Limited\n(“Petra”)\n Petra’s wholly owned subsidiary, Petra Diamonds US$ Treasury Plc, has today made the following announcement on the Irish Stock Exchange:\n FOR IMMEDIATE RELEASE\n This announcement is not an invitation to participate in a tender offer with respect to any Notes (as defined below). The Offer (as defined below) is being made solely pursuant to the Tender Offer Memorandum (as defined below) which sets forth the complete terms of the Offer.\n This announcement and any materials relating to the Offer do not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law.\n The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.\n THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN DOUBT ABOUT THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT IMMEDIATELY YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER.\n Petra Diamonds US$ Treasury Plc\n Company Number: 09518557\n (the \"Offeror\")\n Announces an Offer to Purchase for Cash in a Modified Dutch Auction up to $150,000,000 in aggregate total cash consideration of its outstanding $336,656,000 in aggregate notional principal amount of Senior Secured Second Lien Notes due 2026\n (ISIN No. XS2289899242, Common Code 228989924 (Private Placement))\n(ISIN No. XS2289895927, Common Code 228989592 (Regulation S))\n \n \n \n 13 September 2022\n \n \n \n \n Petra Diamonds US$ Treasury Plc (the \"Offeror\") has today launched an offer (the \"Offer\") to holders (the \"Noteholders\") to submit tenders to sell to the Offeror for cash the $336,656,000 Senior Secured Second Lien Notes due 2026 (the \"Notes\") up to a maximum consideration of $150,000,000 (the \"Acceptance Consideration\"), subject to the offer and distribution restrictions set out below, and upon the terms and subject to the conditions set forth in a tender offer memorandum dated September 13, 2022 (as it may be amended or supplemented from time to time, the \"Tender Offer Memorandum\") in accor...