Prne
May 21st, 2009
NEW YORK - Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright Limited (collectively, the “Offerors,” and individually, an “Offeror”), each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the “Company”) announce that, in connection with the previously announced tender offer (”Tender Offer”) for up to US$1,500 million aggregate principal amount (the “Maximum Tender Offer Amount”) of notes set forth in the table below issued by Hutchison Whampoa Finance (CI) Limited, Hutchison Whampoa International (03/33) Limited and Hutchison Whampoa International (03/13) Limited, each an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of the Company, the following amounts of notes have been tendered as of 5:00 p.m., New York City time, May 21, 2009:
Acceptance Principal Title of Priority Amount Offeror Security Issuer Level Tendered ——- ——————- ———– — ——– Acelist 7.50% Guaranteed Hutchison 1 US$ Limited Notes due 2027 Whampoa 171,143,000 (the “2027 Notes”) Finance (CI) (144A - CUSIP Limited 448414AE2; Regulation S - CUSIP G46715AC5) Daystep 7.45% Guaranteed Hutchison 2 US$ Limited Notes due 2033 Whampoa 354,232,000 (the “2033 Notes”) International (144A - CUSIP (03/33) Limited 44841SAC3; Regulation S - CUSIP G4672CAC9) Ideal 6.25% Guaranteed Hutchison 3 US$ Zone Notes due 2014 Whampoa 641,406,000 Limited (the “2014 Notes”) International (144A - CUSIP (03/33) Limited 44841SAB5; Regulation S - CUSIP G4672CAB1) Plan 6.50% Guaranteed Hutchison 4 US$ Bright Notes due 2013 Whampoa 602,740,000 Limited (the “2013 Notes”) International (144A - CUSIP (03/13) Limited 44841RAA9; Regulation S - CUSIP G4672QAA2)
The full terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated May 7, 2009 (the “Offer to Purchase”).
The expiration date of the Tender Offer is currently 12:00 midnight, New York City time, on June 8, 2009.
As the aggregate principal amount of the Notes tendered exceeds the US$1,500 million Maximum Tender Offer Amount, the 2013 Notes will, if accepted for purchase, be purchased on a pro rata basis as described in the Offer to Purchase. Any Notes tendered but not accepted for purchase will be promptly returned to the tendering parties following the expiration or termination of the applicable tender offer as more fully set out in the Offer to Purchase.
For additional information regarding the terms of the tender offers, please contact: Thomas O’Connor at Morgan Stanley in New York at +1-800-624-1808 (toll free) or +1-212-761-5384 (collect). In Hong Kong, questions may be directed to Meng Gao at +852-2848-5961.
Requests for documents and questions regarding the tender of notes may be directed to D.F. King & Co., Inc., at +1-212-269-5550 (for banks and brokers only) or +1-800-431-9645 (for all others and toll-free).
The Offerors’ obligations to accept any notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and related Letter of Transmittal.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell the notes. The Tender Offer is made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this announcement is qualified by reference to the Offer to Purchase and the accompanying Letter of Transmittal. If any holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax and financial advice, including as to any tax consequences, from its stockbroker, bank manager, counsel, accountant or other independent financial adviser. None of the Offerors, the Issuers, the Company, the Dealer Manager, the Depositary and Information Agent or any of their respective affiliates, makes any recommendation as to whether or not any holder should tender Notes held by them pursuant to the Tender Offer. Subject to applicable law, the Offerors may amend, extend or, subject to certain conditions, terminate the tender offer.
Neither this announcement nor the Offer to Purchase and accompanying Letter of Transmittal constitutes an offer to purchase in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws and tenders of notes pursuant to the Tender Offer will not be accepted from holders thereof in any jurisdiction where such invitation or tender is unlawful.
Source: Hutchison Whampoa Limited
Tom Long of D.F. King & Co., Inc., +1-212-269-5550
Filed under Acquisitions / Mergers / Takeovers, Banking and Financial Services, Investors | Tags: Hutchison Whampoa Limited, New York, United Kingdom | Comment Below
Related Press Releases Hutchison Offers to Exchange 5.45% Notes Due 2010 and 7% Notes Due 2011 for 4.625% Notes Due 2015September 23rd, 2009 HONG KONG -
Hutchison Whampoa International (09/16) Limited Offer to Exchange 5.45% Guaranteed Notes due 2010 issued by Hutchison Whampoa International (03/33) Limited (the "2010 Notes") (144A - CUSIP 44841SAA7; ISIN US44841SAA78; Common Code 018123967) (Regulation S - CUSIP G4672CAA3; ISIN USG4672CAA39; Common Code 018124238) and 7.00% Guaranteed Notes due 2011 issued by Hutchison Whampoa International (01/11) Limited (the "2011 Notes") (144A - CUSIP 44841HAC7; ISIN US44841HAC79; Common Code 012487975) (Regulation S - CUSIP G4671XAC4; ISIN USG4671XAC41; Common Code 012488068) (Restricted Individual Note - CUSIP 44841HAE3; ISIN US44841HAE36; Common Code 012515472), for its 4.625% Guaranteed Notes due 2015, each series of notes unconditionally and irrevocably guaranteed by Hutchison Whampoa Limited
Hutchison Whampoa International (03/33) Limited ("HWI (03/33)"), an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the "Company"), and Hutchison Whampoa International (01/11) Limited ("HWI (01/11)"), a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of the Company, hereby announce the commencement of an offer by Hutchison Whampoa International (09/16) Limited, an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of the Company (the "Issuer") to holders of the notes listed in the table below (collectively, the "Existing Notes," and each a "Series" of Existing Notes) to exchange the Existing Notes into the Issuer's 4.625% Guaranteed Notes due 2015 (the "New Notes") upon the terms and conditions described in the Offering Memorandum dated September 24, 2009 (the "Offering Memorandum") and the accompanying Letter of Transmittal dated September 24, 2009, which are available from D.F. King & Co., Inc., the exchange agent and information agent for the exchange offer. Important Notice: Not For Distribution In Or Into, Or To Any Person Located Or Resident In Or At Any Address In, The Republic Of ItalySeptember 2nd, 2009 PHILADELPHIA -
- Crown Holdings, Inc. Announces Final Results of Tender Offer for Any and All First Priority Senior Secured Notes Due 2011
Crown Holdings, Inc. Hutchison Telecom to Sell its Stake in Partner Communications Company Ltd.August 11th, 2009 HONG KONG -
Hutchison Telecommunications International Limited ('Hutchison Telecom', 'the Company'; SEHK: 2332; NYSE: HTX) announced today that its subsidiary, Advent Investments Pte Ltd, has entered into a conditional agreement with Scailex Corporation Ltd., an Israeli company listed in the Tel Aviv Stock Exchange, to sell its entire 51.3% equity interest in Partner Communications Company Ltd. ('Partner') for a consideration of approximately US$1,381 million or HK$10,706 million (or NIS5,291 million based on an exchange rate of US$1 to NIS3.83), which represents US$17.50 or NIS 67.025 per Partner share. Hutchison Telecommunications International Limited 2009 Interim Results AnnouncementAugust 5th, 2009 HONG KONG -
- Analyst / Investor Conference Call
- 12 August 2009 (Wednesday)
Hutchison Telecommunications International Limited (SEHK: 2332; NYSE: HTX) will announce the Company's interim results on Wednesday 12 August 2009. Chief Executive Officer Mr Dennis Lui and Chief Financial Officer Mr Christopher Foll will host an analyst / investor conference call on the day. Perot Systems Awarded Three Year IT Services Contract Extension With Hutchison WhampoaJuly 20th, 2009 LONDON and PLANO, Texas -
- A Leading Global Telecom Company Renews Outsourcing Deal
Perot Systems Corporation (NYSE: PER) (www.perotsystems.com) has announced that it has been awarded a three year extension to its current IT services agreement with the 3 Group, Hutchison Whampoa's 3G mobile telecoms business. The agreement further strengthens the three year-old relationship between the two companies, building on Perot Systems' outstanding track record of meeting its service level agreement objectives. Subsidiaries of Hutchison Whampoa Limited Announce the Total Consideration Calculated on the Price Determination DateJune 4th, 2009 NEW YORK - Subsidiaries of Hutchison Whampoa Limited Announce the Total Consideration Calculated on the Price Determination Date of Their Cash Tender Offer for Up to US$1,500 Million Aggregate Principal Amount of Notes Issued by Subsidiaries of Hutchison Whampoa Limited Referred to Below
Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright Limited (collectively, the "Offerors," and individually, an "Offeror"), each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the "Company"), announce, in connection with the previously announced tender offer (the "Tender Offer") for up to US$1,500 million aggregate principal amount of the notes set forth in the table below issued by Hutchison Whampoa Finance (CI) Limited, Hutchison Whampoa International (03/33) Limited and Hutchison Whampoa International (03/13) Limited, each an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of the Company, the Total Consideration and the Tender Offer Consideration for each series of notes calculated by Morgan Stanley as dealer manager at 2:00 p.m., New York City time, on June 4, 2009, in accordance with the offer to purchase dated May 7, 2009 (the "Offer to Purchase"):
(All amounts in U.S. dollars unless otherwise noted.) Reference U.S. Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of Their Cash Tender OffersJune 3rd, 2009 NEW YORK - Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of Their Cash Tender Offers for up to US$750 Million Aggregate Principal Amount of 5.45% Guaranteed Notes Due 2010 and up to US$750 Million Aggregate Principal Amount of 7.00% Guaranteed Notes Due 2011 Issued by the Subsidiaries of Hutchison Whampoa Limited Referred to Below
Acelist Limited and Daystep Limited (collectively, the "Offerors," and individually, an "Offeror"), each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the "Company"), announce that, in connection with the previously announced tender offers (the "Tender Offers") for the notes listed below, the following principal amounts of notes have been tendered as of 5:00 p.m., New York City time, on June 2, 2009:
Title of Maximum Tender Principal Amount Offeror Security Issuer Offer Amount Tendered ------- -------- ------ -------------- -------------- Acelist 5.45% Hutchison US$750,000,000 US$155,157,000 Limited Guaranteed Whampoa Notes due International 2010 (144A (03/33) - CUSIP Limited 44841SAA7; Regulation S - CUSIP G4672CAA3) Daystep 7.00% Hutchison US$750,000,000 US$182,616,000 Limited Guaranteed Whampoa Notes due International 2011 (144A (01/11) - CUSIP Limited 44841HAC7; Regulation S - CUSIP G4671XAC4; Restricted Individual Note - CUSIP 44841HAE3)
The full terms and conditions of the Tender Offers are set forth in the Offer to Purchase dated May 15, 2009 (the "Offer to Purchase"). The expiration date of the Tender Offers will be 12:00 midnight, New York City time, on June 16, 2009. Hutchison Whampoa Limited Offer to Purchase for Cash By Acelist Limited of Up to US$750,000,000 Aggregate Principal Amount of 5.45% Guaranteed Notes due 2010 issued by Hutchison Whampoa InternationalMay 14th, 2009 NEW YORK - Hutchison Whampoa Limited Offer to Purchase for Cash By Daystep Limited of Up to US$750,000,000 Aggregate Principal Amount of 7.00% Guaranteed Notes due 2011 issued by Hutchison Whampoa International (01/11) Limited
Hutchison Whampoa International (03/33) Limited ("HWI (03/33)"), an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the "Company"), and Hutchison Whampoa International (01/11) Limited ("HWI (01/11)," and together with HWI (03/33), the "Issuers"), a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly- owned subsidiary of the Company, hereby announce the commencement of two cash tender offers by Acelist Limited and Daystep Limited, each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of the Company (collectively, the "Offerors," and individually, an "Offeror"), for the notes listed in the table below (collectively, the "Notes," and each a "Series" of Notes) from each registered holder of Notes. Each Series of Notes is unconditionally and irrevocably guaranteed by the Company. Offer to Purchase for Cash Up to US$1,500,000,000 Aggregate Principal Amount of Notes Listed BelowMay 6th, 2009 NEW YORK - 7.50% Guaranteed Notes due 2027 issued by Hutchison Whampoa Finance (CI) Limited (144A - CUSIP 448414AE2; ISIN US448414AE21; Common Code 008244901) (Regulation S - CUSIP G46715AC5; ISIN USG46715AC56; Common Code 007893221),
- 7.45% Guaranteed Notes due 2033 issued by Hutchison Whampoa International (03/33) Limited (144A - CUSIP 44841SAC3; ISIN US44841SAC35; Common Code 018124572) (Regulation S - CUSIP G4672CAC9; ISIN USG4672CAC94; Common Code 018124629),
- 6.25% Guaranteed Notes due 2014 issued by Hutchison Whampoa International (03/33) Limited (144A - CUSIP 44841SAB5; ISIN US44841SAB51; Common Code 018124530) (Regulation S - CUSIP G4672CAB1; ISIN USG4672CAB12; Common Code 018124548), and
- 6.50% Guaranteed Notes due 2013 issued by Hutchison Whampoa International (03/13) Limited (144A - CUSIP 44841RAA9; ISIN US44841RAA95; Common Code 016319384) (Regulation S - CUSIP G4672QAA2; ISIN USG4672QAA25; Common Code 016317632),
- each series of Notes being unconditionally and irrevocably guaranteed by Hutchison Whampoa Limited
Hutchison Whampoa Finance (CI) Limited, Hutchison Whampoa International (03/33) Limited and Hutchison Whampoa International (03/13) Limited (collectively, the "Issuers" and individually, an "Issuer"), each an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited, a company with limited liability incorporated under the laws of Hong Kong whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Company"), hereby announce the completion of the previously announced cash tender offer by each of Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright Limited, each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of the Company (collectively, the "Offerors," and individually, an "Offeror") for up to US$1,500,000,000 aggregate principal amount of the notes listed in the table below (collectively, the "Notes," and each a "Series" of Notes) from each registered holder of Notes. The tender offer commenced on May 7, 2009, and expired at 12:00 midnight, New York City time, on June 8, 2009 (the "Expiration Date"), under the terms of the Offer to Purchase and the related Letter of Transmittal, each dated May 7, 2009. Cap Cana Announces Commencement of Exchange Offer and Related Consent Solicitation With Respect to Its 9.625% Senior Secured Notes due 2013March 30th, 2009 SANTO DOMINGO, Dominican Republic - Cap Cana, S.A. ("Cap Cana") announced today that it has commenced an
offer to exchange any and all of its outstanding 9.625% Senior Secured Notes
due 2013 (the "Existing Notes") for up to US$137,032,000 aggregate principal
amount of its 10% Senior Secured Notes due 2016 (the "New Notes") and up to
US$133,750,000 aggregate principal amount of its 10% Senior Secured Recovery
Notes due 2016 (the "Recovery Notes").
Related News RR Donnelley launches cash-for-debt offer, plans to sell $350 million in new notesAugust 19th, 2009 RR Donnelley launches cash tender offer, new debtCHICAGO — R.R. Donnelley & Sons Co. KB Home debt offers exceed maximum tender amount, will repurchase on pro rata basisAugust 20th, 2009 KB Home debt offers exceed maximum tender amountLOS ANGELES — Homebuilder KB Home said Thursday the tendered amount for notes in a recently announced offer exceeded the maximum tender amount and it will buy notes on a prorated basis. The company said it received offers to purchase notes with an aggregate principal amount of more than $316 million as of Thursday. Hong Kong conglomerate Hutchison Whampoa says first-half earnings plunge 33 percentAugust 13th, 2009 Hutchison Whampoa's first-half earns plunge 33 pctHONG KONG — Hong Kong conglomerate Hutchison Whampoa Ltd., run by billionaire Li Ka-shing, said Thursday its earnings tumbled 33 percent in the first half as its oil, ports and hotel businesses flagged amid the economic downturn. Net profit for the six months through June fell to 5.76 billion Hong Kong dollars (about $743 million) from HK$8.59 ($1.1 billion), the company said in a statement to the stock exchange. Alliant Energy announces tender offer results, will pay $40 per senior noteSeptember 30th, 2009 Alliant Energy announces tender offer resultsMADISON, Wis. — Alliant Energy Corp. UDR extends early deadline of previously announced debt offeringAugust 18th, 2009 UDR extends debt offering deadlineDENVER — UDR Inc., a real estate investment trust, said Tuesday that it extended the early cash tender deadline on previously announced notes. The early deadline for the 8½ percent notes due Sept. Moody's assigns investment grade rating to International Paper's new senior notes offeringAugust 3rd, 2009 International Paper's note offering gets ratingNEW YORK — Moody's Investors Service on Monday assigned an investment grade rating to International Paper Co.'s new senior notes offering. The ratings agency gave the Memphis, Tenn.-based company a "Baa3" rating on its offering and rated its outlook negative. Penn National Gaming extends tender offer deadline, waives certain conditionsAugust 20th, 2009 Penn National Gaming extends tender offer deadlineWYOMISSING, Pa. — Casino operator Penn National Gaming Inc. Janus says repurchase offer expires, raises cap to $444 millionAugust 12th, 2009 Janus says tender offer expires, raises offer capDENVER — Janus Capital Group Inc. on Wednesday said its offer to repurchase outstanding notes has expired and it has raised the repurchase amount after a better-than-expected response from investors. Mediacom Communications accepts all 2011 and 2013 notes tendered so far in offersAugust 25th, 2009 Mediacom accepts notes tendered on pair of offersMIDDLETOWN, N.Y. — Cable television company Mediacom Communications Corp. Pinnacle Entertainment plans tender offer for $135M senior subordinated notes due 2013July 27th, 2009 Pinnacle plans tender offer for notes due 2013LAS VEGAS — Pinnacle Entertainment Inc. said Monday that it plans a cash tender offer for $135 million of its outstanding senior subordinated notes due 2013.
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