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National Central Cooling Company PJSC - Tender Offer 2024 (XS) - Results

NATIONAL CENTRAL COOLING COMPANY PJSC ANNOUNCES RESULTS AND ACCEPTANCE OF TENDER OFFER - XS1843455103

04 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Lonse


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"Further to its announcements on 18 March 2024 and 28 March 2024, Tabreed hereby confirms that as at 16:00 hours (London time) on 3 April 2024, being the Expiration Deadline for the Offer, it had received valid Tender Instructions in respect of U.S.$200,688,000 in aggregate face amount of Existing Certificates.


Tabreed intends to exercise its right, as described in the Tender Offer Memorandum, to increase the Maximum Acceptance Amount to U.S.$200,688,000, being the Final Acceptance Amount, and accept for purchase all validly tendered Existing Certificates in full without pro-ration.


Tabreed expects settlement of the Offer to take place on 5 April 2024."


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NATIONAL CENTRAL COOLING COMPANY PJSC ANNOUNCES RESULTS OF TENDER OFFER TO PURCHASE EXISTING CERTIFICATES FOR CASH - XS1843455103

04 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Lonse


Results are now available via the London Stock Exchange. Please visit the above link to view.

Details will follow here later today.


 
NATIONAL CENTRAL COOLING COMPANY PJSC ANNOUNCES EXTENSION OF TENDER OFFER TO PURCHASE EXISTING CERTIFICATES FOR CASH - XS1843455103

28 MARCH 2024


Full announcement including disclaimers and offer restrictions available via Lonse


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"Tabreed hereby announces that the Expiration Deadline will be extended to 16:00 hours (London time) on 3 April 2024 unless further extended, re-opened, withdrawn, amended or terminated at the sole and absolute discretion of Tabreed. Accordingly, the expected Settlement Date for the Offer will be amended to 5 April 2024.


Tender Instructions previously submitted will remain valid and irrevocable. Holders of the Existing Certificates that have previously tendered their Existing Certificates do not need to re-tender their Existing Certificates or take any other action in response to the extension of the Offer."


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NATIONAL CENTRAL COOLING COMPANY PJSC ANNOUNCES A TENDER OFFER TO PURCHASE EXISTING CERTIFICATES FOR CASH - XS1843455103

18 MARCH 2024


Full announcement including disclaimers and offer restrictions available via Lonse


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National Central Cooling Company PJSC ("Tabreed") has today launched an invitation to holders of Tabreed Sukuk SPC Limited's outstanding U.S.$500,000,000 Trust Certificates due 2025 (ISIN: XS1843455103) (the "Existing Certificates") to tender such Existing Certificates for purchase by Tabreed for cash (such invitation being, the "Offer"), subject to the terms and conditions of the Offer described in a tender offer memorandum dated 18 March 2024 (the "Tender Offer Memorandum").

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The Offer




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"Rationale for the Offer


The Offer is part of Tabreed's active management of its debt profile. The purpose of the Offer is, inter alia, to optimise Tabreed's cost of funding and its balance sheet whilst providing liquidity to investors."



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NATIONAL CENTRAL COOLING COMPANY PJSC ANNOUNCES A TENDER OFFER TO PURCHASE EXISTING CERTIFICATES FOR CASH - XS1843455103

18 MARCH 2024


Full announcement including disclaimers and offer restrictions available via Lonse


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Details to follow. Please visit the London Stock Exchange website for further information.



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