The CI company Hutchison Whampoa International Limited and the BVI-registered Hutchison Whampoa International , which are the wholly-owned subsidiaries of Hong Kong-incorporated Hutchison Whampoa Limited, announced the expiration and final results of two previously announced cash tender offers - one by Acelist Limited and the other by Daystep Limited. Each of these companies is a British Virgin Islands business company and a wholly-owned subsidiary of the HK parent company.
The tender offers, each for up to US$750,000,000 aggregate principal amount of the applicable Series of Notes at a purchase price per US$1,000 principal amount of such Series of Notes determined by the modified procedure described in the Offer to Purchase in May 2009, expired on June 16, 2009.
The BVI-registered Acelist Limited has accepted for purchase the 2010 Notes, the aggregate principal amount of which was US$162,373,000 pursuant to the tender offer. Another BVI company, Daystep Limited, has accepted for purchase all of the 2011 Notes, the aggregate pirncipal amount of which pursuant to the tender offer was US$182,806,000.
Showing posts with label Cash Tender. Show all posts
Showing posts with label Cash Tender. Show all posts
Tuesday, August 4, 2009
Sunday, May 31, 2009
BVI subsidiaries of Hutchison Whampoa Ltd publish status update of their cash tender offer
On May 22, 2009, the British Virgin Islands companies Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright Limited, all of them being wholly-owned subsidiaries of Hutchison Whampoa Limited, made an announcement in connection with the cash tender offer issued on May 7, 2009 by CI-based subsidiaries of Hutchison. The BVI companies announced that the notes were tendered on May 21, 2009. According to the terms and conditions of the tender offer, which are set in the Offer of Purchase, its expiration date currently is June 8, 2009.
The aggregate principal amount of the Notes tendered exceeds the US$1,500 mln Maximum Tender Offer Amount, so 2013 notes will, if accepted for purchase, be purchased on a pro rata basis. Any notes tendered but not accepted for purchase will be returned to the tendering parties following the expiration or termination of the applicable tender offer, are more fully set out in the Offer to Purchase.
The aggregate principal amount of the Notes tendered exceeds the US$1,500 mln Maximum Tender Offer Amount, so 2013 notes will, if accepted for purchase, be purchased on a pro rata basis. Any notes tendered but not accepted for purchase will be returned to the tendering parties following the expiration or termination of the applicable tender offer, are more fully set out in the Offer to Purchase.
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