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General Shopping Announces Commencement of Exchange Offer
São Paulo, Brazil, June 26, 2026 (GLOBE NEWSWIRE) -- General Shopping e Outlets do Brasil S.A. (the “Company”) (B3: GSHP3) today announces that its subsidiary General Shopping Investments Limited (“GS Investments” or the “Issuer”) has commenced an exchange offer (the “Exchange Offer”) in respect of any and all of its 10%/12% Regulation S Senior Secured PIK Toggle Notes due 2026 (the “Reg S Notes”). Pursuant to the Exchange Offer, the Issuer is offering to Eligible Holders (as defined below) of t
About this update from General Shopping E Outlets Do Brasil S.a.
São Paulo, Brazil, June 26, 2026 (GLOBE NEWSWIRE) -- General Shopping e Outlets do Brasil S.A. (the "Company") (B3: GSHP3) today announces that its subsidiary General Shopping Investments Limited ("GS Investments" or the "Issuer") has commenced an exchange offer (the "Exchange Offer") in respect of any and all of its 10%/12% Regulation S Senior Secured PIK Toggle Notes due 2026 (the "Reg S Notes"). Pursuant to the Exchange Offer, the Issuer is offering to Eligible Holders (as defined below) of the Reg S Notes, on the terms and subject to the conditions set forth in an exchange offer memorandum dated June 26, 2026 (as it may be amended, modified or supplemented from time to time, (the "exchange offer memorandum"), the opportunity to exchange any and all of their Reg Notes for quotas (the "Quotas") issued by Clear Fundo de Investimento Imobiliário Responsabilidade Limitada (the "Fund"), a Brazilian real estate investment fund (fundo de investimento imobiliário). The Exchange Offer may be amended, extended, terminated or withdrawn at any time prior to the Expiration Time (as defined below) and for any reason, including if any of the conditions specified in the exchange offer memorandum is not satisfied or waived by the Expiration Time. The obligation of the Issuer to complete the Exchange Offer is subject to certain conditions described in the exchange offer memorandum. The Exchange Offer will only be made to, and Quotas are being offered only to, Eligible Holders who are located outside the United States and hold the Reg S Notes through The Depository Trust Company ("DTC") and its direct and indirect participants, including Euroclear Bank SA/NV ("Euroclear") and Clearstream Banking S.A. ("Clearstream"). HOLDERS OF RULE 144A NOTES (AS DEFINED BELOW) AND HOLDERS OF REG S NOTES LOCATED IN THE UNITED STATES ARE NOT PERMITTED TO PARTICIPATE IN THE EXCHANGE OFFER. The Issuer will only accept tenders of Reg S Notes for the Exchange Offer. The Issuer will not accept tenders with respect to 10%/12% Senior Secured PIK Toggle Notes due 2026 held on the Rule 144A Global Security bearing CUSIP No. 370837 AB2 and ISIN No. US370837AB29 (the "Rule 144A Notes" and, together with the Reg S Notes, the "Notes"). In order to participate in the Exchange Offer, each holder of the Rule 144A Notes who is located outside the United States and otherwise complies with the restrictions...
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