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MERSIN ULUSLARARASI LIMAN İŞLETMECILIĞI A.Ş. - Tender Offer - Results

MERSIN ULUSLARARASI LIMAN İŞLETMECILIĞI A.Ş. ANNOUNCES RESULTS OF TENDER OFFER AND SATISFACTION OF FINANCING CONDITION FOR FULL REDEMPTION OF NOTES - US590454AB08 - XS2071397850


16 NOVEMBER 2023


Full announcement including disclaimers and offer/distribution restrictions available via Euronext  


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"The Offer expired at 5:00 p.m. (New York City time) on 15 November 2023 (the "Expiration Deadline"). The Offeror hereby announces that the New Financing Condition has been satisfied and, as of the Expiration Deadline, the aggregate principal amount of the Notes validly tendered and to be accepted for purchase pursuant to the Offer is as set out in the table below.


Each Noteholder whose Notes have been validly tendered and accepted for purchase pursuant to the Offer is entitled to receive on 17 November 2023, or 20 November 2023 in the case of Notes tendered by guaranteed delivery procedures, the Purchase Price plus the Accrued Interest Payment in respect of such Notes.



The Notes purchased pursuant to the Offer will be cancelled.


The Offeror also hereby notifies the Noteholders that the Financing Condition as defined in the notice of conditional full redemption of 6 November 2023 (the "Notice of Redemption") has been satisfied and that the Offeror will redeem all of the Notes that remain outstanding following the settlement of the Tender Offer on 6 December 2023, in accordance with Condition 8.3(c) (Redemption at the Option of the Issuer) of the Conditions and the Notice of Redemption."


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MERSIN ULUSLARARASI LIMAN İŞLETMECILIĞI A.Ş. ANNOUNCES AN INVITATION TO PURCHASE NOTES FOR CASH - US590454AB08 - XS2071397850

06 NOVEMBER 2023


Full announcement including disclaimers and offer restrictions available via Euronext


"Mersin Uluslararası Liman İşletmeciliği A.Ş. (the "Offeror") has today launched an offer to holders of its outstanding notes detailed below (the "Notes") to tender any and all such Notes for purchase by the Offeror for cash at the Purchase Price, on the terms and subject to the conditions described in the Tender Offer Memorandum dated 6 November 2023 (the "Tender Offer Memorandum"), including satisfaction or waiver of the New Financing Condition (as defined below) and the “Offer and Distribution Restrictions” below (such invitation, the "Offer").


Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender Agent as set out below. Noteholders are advised to read carefully the Tender Offer Memorandum for full details of, and information on the procedures for participating in, the Offer. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.


The Offer will expire at 5:00 p.m. (New York City time) on 15 November 2023 (the "Expiration Deadline") unless extended, re-opened, withdrawn or terminated at the sole discretion of the Offeror as provided in the Tender Offer Memorandum. Tender Instructions, once submitted, may be withdrawn at any time prior to the Expiration Deadline, but not thereafter.

Rationale for the Offer


The Offeror is undertaking the Offer to proactively manage the Offeror’s upcoming debt redemptions and to extend its debt maturity profile. "


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