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Sawit Sumbermas reaches out to holders of 7¾% notes, wants to talk
Chicago, Dec. 14 – Indonesia’s PT Sawit Sumbermas Sarana Tbk. is inviting noteholders of its $40,275,000 remaining 7¾% notes due 2023 (ISIN: XS1712553418) to contact the company, according to a press release.
The company conducted a tender offer for the issue earlier in the year, settled in July.
The company believes that the remaining notes are held by a limited number of holders.
The company wishes to discuss “the potential repurchase of the notes on bilaterally negotiated terms” no later than Dec. 19.
The company is making the announcement solely as a result of the illiquidity of the notes and low dispersion.
The announcement is not a widespread solicitation or a tender offer.
Noteholders may contact the company (+62 21 29035401, swasti@ssms.co.id, corporate@ssms.co.id).
The company paid $900 per $1,000 note in the tender offer that started in late June.
The issuer is a Pangkalan Bun, Central Kalimantan, Indonesia-based palm oil company.
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