Newcastle Coal Infrastructure Group receives $248.473 million in tenders for 2027 notes

  • Newcastle Coal Infrastructure Group received tenders for its 4.400% Guaranteed Senior Secured Notes due 2027.
  • US$248.473 million of notes was validly tendered and not withdrawn by expiration.
  • Settlement is expected September 28, 2026, subject to the offer’s stated conditions.

Newcastle Coal Infrastructure Group Pty Ltd said holders tendered US$248.473 million of its 4.400% Guaranteed Senior Secured Notes due 2027 by the September 23 expiration, representing securities that were validly tendered and not withdrawn. The company expects to accept all such notes, subject to conditions including the Financing Condition and General Conditions described in its Offer to Purchase. The tender offer consideration was set at US$993.11 per original US$1,000 principal amount, adjusted using a 0.96273804 factor, with accrued and unpaid interest payable through but excluding the expected September 28 settlement date. The notes had current original principal outstanding of US$400.106 million and current amortized principal outstanding of US$385.197 million. Citigroup Global Markets and Goldman Sachs acted as dealer managers, while Global Bondholder Services Corporation served as tender and information agent.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.