Details of the Tender Offer
The Company has been advised by Global Bondholder Services Corporation, as information agent and tender agent, that as of 5:00 p.m., New York City time, on November 17, 2025 ("Early Tender Deadline"), $335,501,000 aggregate principal amount of Notes, representing approximately 84% of the outstanding Notes, had been validly tendered and not validly withdrawn. Subject to the terms and conditions of the Tender Offer described in the Offer to Purchase, the Company intends to accept for purchase $85 million aggregate principal amount of the Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline.
The consideration for each $1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline and accepted for purchase pursuant to the Tender Offer (the "Early Tender Notes") will be $990 (the "Total Consideration"). The Total Consideration includes an early tender payment equal to $50 per $1,000 principal amount of Notes. Holders of Notes ("Holders") whose Notes are accepted for purchase in the Tender Offer will also receive accrued and unpaid interest on such Notes from the last interest payment date to, but not including, the applicable settlement date. The Company expects the settlement date with respect to the Early Tender Notes to be November 19, 2025.
In accordance with the terms of the Tender Offer, the withdrawal time of 5:00 p.m., New York City time, on November 17, 2025, has now passed. Accordingly, Notes validly tendered in the Tender Offer may not be withdrawn, except in limited circumstances where required by law. Although the Tender Offer is scheduled ...
