REG - Indus Gas Limited - Result of Debt Refinancing

Indus GasAnnouncement

01/12/2022 13:15

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RNS Number : 3044I  Indus Gas Limited  01 December 2022

1 December 2022

 

Indus Gas Limited

 

("Indus" or the "Company")

 

Result of Debt Refinancing

RESULT OF EXCHANGE OFFER FOR US$150,000,000 8% SENIOR UNSECURED NOTES DUE
DECEMBER 2022 (ISIN: XS1734080648) (THE "EXISTING NOTES") OF ITS
US$300,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME

Reference is made to the announcements of the Company dated 21 November 2022
and the associated Exchange Offer Memorandum issued by the Company around the
same time ("Exchange Offer Memorandum").

The Company is pleased to announce that US$150,000,000 of the Existing Notes,
representing 100% of the total aggregate principal amount of the outstanding
Existing Notes, have been validly tendered for exchange for the US$
denominated 8.00% Senior Unsecured Notes due 2027 (the "New Notes") in the
aggregate principal amount of US$150,000,000 and accepted pursuant to the
Exchange Offer.

In addition, the Company also conducted a concurrent offering to issue and
sell additional New Notes for US$10,000,000 ("Concurrent New Money Issuance")
and together with the Exchange Offer, the New Notes aggregate US$160,000,000.
These additional New Notes sold in the Concurrent New Money Issuance are on
the same terms and form a single series with the corresponding New Notes
issued under the Exchange Offer.

Capitalised terms used in this announcement but not otherwise defined shall
have the meanings given to those in the Exchange Offer Memorandum.

For further information please contact:

 Indus Gas Limited

 Jonathan Keeling                                                                                                       +44 (0) 20 8133 3375

 Strand Hanson Limited (Nominated and Financial Adviser)

 Ritchie Balmer, Rory Murphy                                                                                            +44 (0) 20 7409 3494

 Arden Partners plc (Broker)

 Equity Sales: James Reed-Daunter                                                                                       +44 (0) 20 7614 5900

 

 

 

 

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