MakeMyTrip Limited (“MakeMyTrip” or the “Company”) (NASDAQ:
MMYT), a leading travel service provider in India, today announced
that it had issued a Repurchase Right Notice (the “Repurchase Right
Notice”) addressed to holders (each, the “Holder”) of its 0.00%
Convertible Senior Notes due 2028 (CUSIP No. 56087F AB0) (the
“Notes”). The Notes will mature on February 15, 2028, unless
earlier repurchased, redeemed or converted. Pursuant to the terms
of the Indenture dated as of February 9, 2021 (the “Indenture”)
relating to the Notes by and between the Company and The Bank of
New York Mellon, as trustee, it is the right of each Holder to
require the Company to repurchase the Notes on February 15, 2024
and February 15, 2026 (which is, respectively, approximately three
and five years after the Notes were initially issued) (the
“Repurchase Right”). The Company is the issuer of the Notes and is
obligated, on the Repurchase Date (as defined in the Indenture)
occurring on February 15, 2024, to purchase at par all of the
Notes, if properly tendered by the Holders in exercise of their
Repurchase Right, subject to the terms and conditions set forth in
the Company’s Repurchase Right Notice. The Holder’s Repurchase
Right expires at 5:00 p.m., New York City time, on Tuesday,
February 13, 2024.
As required by rules of the United States Securities and
Exchange Commission (the “SEC”), the Company filed a Tender Offer
Statement on Schedule TO. None of the Company, its board of
directors or its employees has made or is making any representation
or recommendation to any Holder as to whether to exercise or
refrain from exercising its Repurchase Right.
The Repurchase Right entitles each Holder of the Notes to
require the Company to repurchase, on February 15, 2024, all of
such Holder’s Notes or any portion thereof that is an integral
multiple of US$1,000 principal amount. The repurchase price for
such Notes will be equal to 100% of the principal amount of the
Notes to be repurchased, as per the terms and conditions of the
Indenture and the Notes. As of the date hereof, no interest is
payable on the Notes or is expected by the Company to be payable on
the Repurchase Date. As of January 12, 2024 there was
US$230,000,000.00 in aggregate principal amount of the Notes
outstanding. If all outstanding Notes are surrendered for
repurchase through exercise of the Repurchase Right, the aggregate
cash purchase price will be US$230,000,000.00.
The opportunity for Holders of the Notes to exercise the
Repurchase Right commences at 9:00 a.m., New York City time
tomorrow, January 18, 2024, and will terminate at 5:00 p.m., New
York City time, on Tuesday, February 13, 2024. In order to exercise
the Repurchase Right, a Holder must follow the transmittal
procedures described in the Repurchase Right Notice, which is
available through the Depository Trust Company and The Bank of New
York Mellon and is an exhibit to the filed Schedule TO referred to
above. Holders may withdraw any previously tendered Notes pursuant
to the terms of the Repurchase Right at any time prior to 5:00
p.m., New York City time, on Tuesday, February 13, 2024, which is
the second business day immediately preceding the Repurchase Date,
or as otherwise provided by applicable law.
This press release is for information only and is not an offer
to purchase, a solicitation of an offer to purchase, or a
solicitation of an offer to sell the Notes or any other securities
of the Company. The offer to purchase the Notes will be only
pursuant to, and the Notes may be tendered only in accordance with,
the Repurchase Right Notice dated January 17, 2024 and related
documents.
Holders of the Notes should refer to the Indenture and the
Repurchase Right Notice for a description of the terms, conditions
and repurchase procedures and direct any questions concerning the
mechanics of repurchase to the Trustee by contacting CT REORG, The
Bank of New York Mellon (Email:
CT_Reorg_Unit_Inquiries@bnymellon.com). Holders of Notes may
request the Company’s Repurchase Right Notice from the paying
agent, at 111 Sanders Creek Pkwy, E. Syracuse, NY 13057, Attention:
CT REORG, BNY Mellon, CT_Reorg_Unit_Inquiries@bnymellon.com.
Exhibit (a)(5)(A)
HOLDERS OF NOTES AND OTHER INTERESTED PARTIES ARE URGED TO READ
THE COMPANY’S SCHEDULE TO, REPURCHASE RIGHT NOTICE AND OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN
IMPORTANT INFORMATION ABOUT MAKEMYTRIP LIMITED AND THE REPURCHASE
RIGHT.
Materials filed with the SEC will be available electronically
without charge at the SEC’s website, http://www.sec.gov. Documents
filed with the SEC may also be obtained without charge at the
Company’s website,
https://investors.makemytrip.com/investors/financials.
About MakeMyTrip Limited
MakeMyTrip Limited is India's leading travel group operating
well-recognized travel brands including MakeMyTrip, Goibibo and
redBus. Through our primary websites www.makemytrip.com,
www.goibibo.com, www.redbus.in, and mobile platforms, travellers
can research, plan and book a wide range of travel services and
products in India as well as overseas. Our services and products
include air ticketing, hotel and alternative accommodations
bookings, holiday planning and packaging, rail ticketing, bus
ticketing, car hire and ancillary travel requirements such as
facilitating access to third-party travel insurance, visa
processing and foreign exchange.
We provide our customers with access to all major domestic
full-service and low-cost airlines operating in India and all major
airlines operating to and from India, a comprehensive set of
domestic accommodation properties in India and a wide selection of
properties outside of India, Indian Railways and all major Indian
bus operators. For more information, visit
https://www.makemytrip.com/about-us/company_profile.php.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240117241723/en/
For investor and media inquiries, please contact:
MakeMyTrip Limited
Investor Relations Tel: 1-800-962-4284 (Toll Free US);
781-575-3120 (Outside of US) Email: vipul.garg@go-mmt.com
MakeMyTrip (NASDAQ:MMYT)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
MakeMyTrip (NASDAQ:MMYT)
Gráfica de Acción Histórica
De May 2023 a May 2024