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GC Treasury Center Co. Ltd - Tender Offer 2024 (US) - Final Results

GC Treasury Center Company Limited announces final results of USD Cash Tender Offers

24 APRIL 2024


Full announcement including disclaimers and offer restrictions available via SGX Group



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GC Treasury Center Company Limited announces USD Cash Tender Offers

16 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: GC Treasury Center Co. Ltd


BANGKOK, April 16, 2024 /PRNewswire/ -- GC Treasury Center Company Limited (the "Issuer"), announces three concurrent, but separate, offers to purchase for cash, upon the terms and subject to the conditions and the distribution restrictions set forth in the Tender Offer Memorandum dated 16 April 2024 (the "Tender Offer Memorandum"), any and all of (i) the outstanding U.S.$1,000,000,000 4.40% Senior Unsecured Notes due 2032 (the "2032 Notes"); (ii) the outstanding U.S.$550,000,000 4.30% Senior Unsecured Notes due 2051 (the "2051 Notes"); and the outstanding U.S.$300,000,000 5.20% Senior Unsecured Notes due 2052 (the "2052 Notes"), each issued by the Issuer and irrevocably and unconditionally guaranteed by PTT Global Chemical Public Company Limited (the "Company"), in each case from each registered holder of Notes (each, a "Holder" and, collectively, the "Holders"). The 2032 Notes, 2051 Notes and 2052 Notes are collectively referred to as the "Notes" and each as a "series" of Notes. Each offer to purchase each series of Notes is referred to as a "Tender Offer" and the offers to purchase the Notes as the "Tender Offers."

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"TENDER OFFER CAP


The Issuer will accept Notes in the order of their respective Acceptance Priority Level (as outlined below), subject to the satisfaction of the Maximum Tender Condition (as defined below). The Issuer's obligation to complete a Tender Offer with respect to a particular series of Notes is conditioned on the aggregate principal amount of the Notes validly tendered and not validly withdrawn in the Tender Offers (after taking into account Notes of each series accepted for purchase with a higher Acceptance Priority Level) not exceeding U.S.$700.0 million (the "Tender Offer Cap"). The Tender Offer Cap may be increased or reduced at the Issuer's sole discretion, subject to applicable law and regulation.

FIXED PRICES AND ACCEPTANCE PRIORITY LEVELS


Series of Notes / ISINs (RegS;144A) / Outstanding Principal Amount (as of 16 April 2024) / Acceptance Priority Level / Fixed Price


USD 1bn 4.40% 2032 Notes / US36830DAD30; US36830BAD73 / USD 800,000,000 / 1st priority / 91.625%

USD 550m 4.30% 2051 Notes / US36830DAC56; US36830BAC90 / USD 525,163,000 / 2nd priority / 77.500%

USD 300m 5.20% 2052 Notes / US36830DAF87; US36830BAF22 / USD 240,000,000 / 3rd priority / 88.750%"


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