By Mary-Katherine Stinson
Lexington, Ky., April 27 – Heeton Holdings Ltd. priced an additional S$800,000 of 7% notes due Nov. 3, 2026, according to a company notice.
With this add-on the aggregate principal amount of the series 006 notes to be issued, which will be fungible and be consolidated into the same series 006 notes, is now expected to be S$53.8 million. This includes the S$800,000 additional notes, S$8.2 million from the new issue and S$44.8 million in aggregate principal amount of new notes to be issued as part of Heeton’s recent exchange consideration.
All other terms and conditions remain unchanged from the previous pricing announcement on April 24.
As previously reported, the notes will be issued at par on May 3, subject to the settlement of customary closing conditions and exchange settlement conditions.
The notes will become putable upon a change of shareholding event. This is defined as when the interest of Mr Toh Giap Eng and his immediate family falls below 40% of Heeton’s issued share capital.
The notes are expected to be listed on the Singapore exchange on or about May 4.
CIMB Bank Bhd., Singapore Branch is the sole dealer and bookrunner.
Proceeds will be used for general working capital, general corporate purposes and corporate funding, including the financing and refinancing of investment opportunities and potential acquisitions and the refinancing of existing debt.
Heeton is a Singapore property development and property investment company.
| Issuer: | Heeton Holdings Ltd.
|
| Amount: | S$800,000
|
| Issue: | Notes, series 006
|
| Maturity: | Nov. 3, 2026
|
| Bookrunner: | CIMB Bank Bhd., Singapore Branch
|
| Coupon: | 7%
|
| Pricing date: | April 24
|
| Settlement date: | May 3
|
| Listing date: | May 4
|
| Total issue: | S$53.8 million, including S$8.2 million from the new issue and S$44.8 million issued in exchange consideration
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
