HCL America Inc. - Tender Offer Results

HCL America Inc. Announces Early Tender Results of its Cash Tender Offer for up to U.S.$125,000,000 in aggregate principal amount of its 1.375% Senior Notes due 2026, unconditionally and irrevocably guaranteed by HCL Technologies Limited (Rule 144A CUSIP / ISIN: 40480H AA5 / US40480HAA59; Regulation S CUSIP / ISIN: U2479Q AA5 / USU2479QAA59)

21 FEBRUARY 2023

Full announcement via SGX.

"Early Tender Deadline and Increase of Maximum Acceptance Amount

The Early Tender Deadline of the Tender Offer occurred at 5:00 p.m. (New York City time) on February 17, 2023. Noteholders were required to validly tender their Notes at or prior to the Early Tender Deadline to be eligible to receive the Early Tender Consideration for the Tender Offer. The Early Tender Consideration to those who tendered at or prior to the Early Tender Deadline will be U.S.$908.75 per U.S.$1,000 in principal amount of the Notes in respect of Notes validly tendered and accepted for purchase by the Company pursuant to the Tender Offer. An aggregate principal amount of U.S.$247,793,000 of the Notes had been validly tendered pursuant to the Tender Offer at or prior to the Early Tender Deadline. The Company further announces that in its sole discretion (subject to applicable law and as provided in the Tender Offer Memorandum) it has increased the Maximum Acceptance Amount in relation to the Tender Offer from U.S.$125,000,000 to U.S.$247,793,000 in aggregate principal amount of the Notes (the “Final Maximum Acceptance Amount”). As the aggregate principal amount of Notes validly tendered at or prior to the Early Tender Deadline equals the Final Maximum Acceptance Amount, the Company will not accept for purchase any Notes tendered after the Early Tender Deadline. No Scaling Factor will be applied in respect of Notes validly tendered at or prior to the Early Tender Deadline. "

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HCL America Inc. Commences Cash Tender Offer for up to U.S.$125,000,000 in aggregate principal amount of its 1.375% Senior Notes due 2026, unconditionally and irrevocably guaranteed by HCL Technologies Limited (Rule 144A CUSIP / ISIN: 40480H AA5 / US40480HAA59; Regulation S CUSIP / ISIN: U2479Q AA5 / USU2479QAA59)

06 FEBRUARY 2023

Full announcement via SGX.

HCL America Inc. (the “Company”) today announced that it has commenced a tender offer to purchase for cash (the “Tender Offer”) up to U.S.$125,000,000 in aggregate principal amount of its 1.375% Senior Notes due 2026 (Rule 144A CUSIP / ISIN: 40480H AA5 / US40480HAA59; Regulation S CUSIP / ISIN: U2479Q AA5 / USU2479QAA59), unconditionally and irrevocably guaranteed by HCL Technologies Limited (the “Guarantor”) (the “Notes”). The Tender Offer is being made pursuant to a Tender Offer Memorandum, dated February 6, 2023 (the “Tender Offer Memorandum”). Capitalized terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum

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"Purpose of the Tender Offer and Source of Funds

The purpose of the Tender Offer is for the Company to optimize its balance sheet and reduce debt. The Company intends to use cash on hand to fund the aggregate Purchase Price for Notes accepted for tender."