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PT Perusahaan Gas Negara Tbk - Tender Offer - Launch

Title: 5.125% Senior Notes due 2024 CUSIP / ISIN: Y7136Y AA 8 / USY7136YAA83 (Regulation S); 69367P AA 4 / US69367PAA49 (Rule 144A)


18 MAY 2023


Full announcement including disclaimers and offer restrictions available via prnewswire


"JAKARTA, Indonesia, May 18, 2023 /PRNewswire/ -- PT Perusahaan Gas Negara Tbk (the "Company") today announced that it has commenced a tender offer to purchase for cash ("Tender Offer") any and all of its outstanding 5.125% Senior Notes due 2024 ("Notes"). The Tender Offer is being made pursuant to a Tender Offer Memorandum, dated May 18, 2023 ("Tender Offer Memorandum") which is available on the tender website ("Tender Website") at https://deals.is.kroll.com/pgn.

Capitalized terms used but not defined herein have the meanings assigned to them in the Tender Offer Memorandum.

The Company has announced the Tender Offer as part of its plan to proactively manage the Company's upcoming debt maturities. The Company intends to use the proceeds from certain external commercial loans from banks, together with cash on hand, to fund the aggregate Tender Offer Consideration and the Accrued Interest Payment for Notes accepted for tender.

Summary of the Tender Offer

Title: 5.125% Senior Notes due 2024 CUSIP / ISIN: Y7136Y AA 8 / USY7136YAA83 (Regulation S); 69367P AA 4 / US69367PAA49 (Rule 144A) Outstanding Principal Amount: US$950,000,000 Tender Offer Consideration: US$1,006 per US$1,000, plus accrued and unpaid interest Amount subject to the Tender Offer: Any and all

The Tender Offer will expire at 5:00 p.m., New York time, on May 25, 2023, unless extended or earlier terminated as described in the Tender Offer Memorandum (such time and date, as they may be extended, the "Expiration Time")."

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