PERSHING SQUARE HOLDINGS: Pershing Square Holdings, Ltd. Announces Partial Cancellation of 5.500 Per Cent. Senior Notes Due 2022
05 Octubre 2021 - 10:30AM
UK Regulatory
TIDMPSH TIDMPSHD
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH)
("PSH") announced today that various holders (the "Holders")
pursuant to Section 2.11 (Cancellation) of the Indenture, dated 26
June 2015 (the "Indenture"), entered into between PSH and The Bank
of New York Mellon as trustee, surrendered to PSH for cancellation
(the "Cancellation") the 2022 Notes (as defined below), which PSH
has purchased pursuant to the previously announced cash tender
offer (the "Tender Offer") for any and all of its 2022 Notes:
Notes in the amount of US$ 369,377,000, which constitute a part
of US$ 1,000,000,000 5.500 per cent. Senior Notes due 2022 (ISIN:
XS1242957006 (Rule 144A) / XS1242956966 (Reg S)) (the "2022
Notes").
Further to PSH's announcement on September 30, 2021 of the
results of the Tender Offer, PSH received an additional tender of
$9,500,000 in principal amount of 2022 Notes, which were
defectively tendered after the Expiration Deadline of the Tender
Offer. In accordance with the terms of the Tender Offer Memorandum
dated September 22, 2021, PSH has waived the defect and accepted
for purchase these additional 2022 Notes.
Any cancellation of 2022 Notes will have regard for all relevant
rules and regulations. Following the Cancellation, the aggregate
nominal amount of 2022 Notes outstanding will be: US$ 630,623,000
Senior Notes due 2022.
36.94 per cent. of the total aggregate principal amount of the
outstanding Notes have been purchased by PSH pursuant to the Tender
Offer. The outstanding 2022 Notes remain listed on Euronext
Dublin.
PSH may, from time to time, purchase 2022 Notes that remain
outstanding through open market purchases, privately negotiated
transactions, one or more additional tender offers, exchange
offers, redemptions or otherwise, upon such terms and at such
prices as PSH may determine or as may be provided for in the
Indenture, which may be more or less than the prices to be paid
pursuant to the Offers and, in either case, could be for cash or
other consideration. There can be no assurance as to which, if any,
of these alternatives (or combinations thereof) PSH may choose to
pursue in the future.
This announcement contains Inside Information as defined under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
UK law by virtue of the European Union (Withdrawal) Act 2018.
About Pershing Square Holdings, Ltd.
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an
investment holding company structured as a closed-ended fund.
Category: (PSH:CorporateActions)
Media
Camarco
Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339,
media-pershingsquareholdings@camarco.co.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20211005005910/en/
CONTACT:
Pershing Square Holdings, Ltd.
SOURCE: Pershing Square Holdings, Ltd.
Copyright Business Wire 2021
(END) Dow Jones Newswires
October 05, 2021 11:30 ET (15:30 GMT)
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