Sammaan Capital Limited Announces Tender Offer Results for Social Bonds; Maximum Purchase Amount Met
Sammaan Capital Limited Announces Tender Offer Results for Social Bonds; Maximum Purchase Amount Met
Sammaan Capital Limited has announced the results of the Early Tender Deadline related to its U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. The Company confirmed that the aggregate principal amount of bonds validly tendered at or prior to the Early Tender Deadline had exceeded the Maximum Purchase Amount established for the offer.The bond issuance carries a rate of 9.70%. As of the announcement, U.S.$324,000,000 of these bonds remain outstanding. The maximum principal amount the Company intended to purchase through this tender offer was up to U.S.$18,000,000.Due to the high volume of tenders received prior to the Early...