Far-Eastern Shipping Company PLC (the «Company») on 31 March 2015 launched, and on 7 April 2015 amended, a cash tender offer (the «Offer») for up to U.S.$85,000,000 (subsequently further amended on 20 April 2015 to up to $130,000,000) in consideration for any validly tendered and accepted U.S.$550,000,000 8.00% Senior Secured Notes due 2018 (the «2018 Notes») and U.S.$325,000,000 8.75% Senior Secured Notes due 2020 (the «2020 Notes» and, together with the 2018 Notes, the «Notes»), each issued by Far East Capital Limited S. A.
The Offer is made pursuant to an Offer to Purchase dated 31 March 2015 and announcements, dated 7 April 2015 and 20 April 2015, amending the original Offer(together, «Offer Materials») which, together, set out a comprehensive description of the terms of the Offer.
The Company informs the Noteholders that as at 10.00 p.m., London time / 5:00 p.m., New York time on 1 May 2015, the aggregate principal amount of the 2018 Notes and 2020 Notes validly tendered pursuant to the Offer was U.S.$128,653,000 and U.S.$88,854,000, respectively (U.S.$217,507,000 in aggregate principal amount of both issues of Notes).
Subject to the right of the Company, at its sole discretion, to amend, extend,
For any further information regarding the Offer, please contact:
(i) Requests for documents may be directed to the Tender Agent,
(ii) Questions regarding the Offer may be directed to the Dealer Manager, at +44 20 7677 5040 outside the U.S. and at (800) 624–1808 (toll free) or (212) 761–1057 (collect) in the U.S or by email@example.com.
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT