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Heeton Holdings Limited - Exchange Offer - Update

PRICING OF ADDITIONAL 7.0 PER CENT FIXED RATE NOTES DUE 2026 (THE "ADDITIONAL NOTES") TO BE ISSUED PURSUANT TO NEW ISSUE


24 APRIL 2023


Full announcement with full disclosures and disclaimers available via SGX

 

ANNOUNCEMENT ON OFFERED NOTES ACCEPTED FOR EXCHANGE IN CONNECTION WITH THE INVITATION


20 APRIL 2023


Full announcement with full disclosures and disclaimers available via SGX


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"Heeton wishes to announce that as at 4.00 p.m. (Singapore time) on 20 April 2023 (the "Cash Top-up Deadline"), S$40,320,000 in aggregate principal amount of the Existing Notes have been validly offered for exchange pursuant to the Invitation (the "Offered Notes"), and that such Offered Notes have been accepted for exchange by Heeton on the terms and conditions set forth in the Exchange Offer Memorandum. Heeton does not intend to extend the Expiration Deadline, the Cash Top-up Deadline or re-open the Invitation. Accordingly, the Invitation has expired as at 4.00 p.m. (Singapore time) on 19 April 2023, and the Cash Top-up Deadline has passed as at 4.00 p.m. (Singapore time) on 20 April 2023.


Following the expiration of the Invitation, the final aggregate principal amount of the Offered Notes accepted for exchange by Heeton on the terms and conditions set forth in the Exchange Offer Memorandum (the "Accepted Notes") is S$40,320,000.


The Settlement Date of the Accepted Notes is expected to be 2 May 2023. Following the cancellation of the Accepted Notes on or about the Settlement Date, the aggregate principal amount of the Existing Notes remaining outstanding will be S$22,410,000. Unless previously redeemed or purchased and cancelled, such Existing Notes shall mature on 13 November 2023.


The aggregate principal amount of the Singapore dollar-denominated 7.0 per cent. fixed rate notes due 2026 to be issued as part of the Exchange Consideration is S$44,800,000 (the "New Notes"). In addition to the New Notes, it is also intended by Heeton that, subject to market conditions, additional notes may be issued and offered for sale pursuant to the Programme to investors (regardless of whether they are Noteholders) (the "New Issue")."

 

to the holders of its

S$70,300,000 6.80 Per Cent. Fixed Rate Notes Due 2023 comprised in Series 005

(ISIN: SGXF19284094) (the "Existing Notes")

issued pursuant to the S$300,000,000 Multicurrency Debt Issuance Programme (the "Programme") of Heeton Holdings Limited


30 MARCH 2023


Full announcement with full disclosures and disclaimers available via SGX


"NOTICE IS HEREBY GIVEN by Heeton Holdings Limited ("Heeton") that it hereby invites Noteholders to make an offer to exchange ("Offers to Exchange" and each an "Offer to Exchange" shall be construed accordingly) to Heeton, any and all outstanding Existing Notes held by the Noteholders (together with an amount in cash of S$20,000 for each S$180,000 in principal amount of Existing Notes offered for exchange (the "Cash Top-Up Amount")) for, in respect of each S$180,000 in principal amount of Existing Notes, S$200,000 in principal amount of Singapore dollar-denominated Fixed Rate Notes due 2026 (the "New Notes”) to be issued by Heeton pursuant to the Programme, subject to the terms and conditions in the Exchange Offer Memorandum referred to below (the "Invitation"). Heeton may, in its sole and absolute discretion, accept or reject any or all Offers to Exchange."


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