Newcastle Coal Infrastructure Group Launches Debt Tender Offers

Newcastle Coal Infrastructure Group Initiates Cash Tender Offers

Newcastle Coal Infrastructure Group Pty Ltd (the "Company"), a fully owned subsidiary of NCIG Holdings Pty Ltd, has announced the commencement of cash tender offers collectively referred to as the "Offers", targeting up to US$65 million of combined original aggregate principal amounts of certain debt securities.

Details of the Cash Tender Offers

The Offers allow for the purchase of specific debt securities up to specified caps. Notably, the Company intends to buy back up to US$50 million of the 2027 Notes and US$15 million of the 2031 Notes. This process aims to enhance the financial standing and operational flexibility of Newcastle Coal Infrastructure Group.

Table of Securities and Related Offers

The Offers encompass multiple series of Securities, each with its specific terms. A detailed description of the securities involved can be obtained through the Company's official sources or directly via notifications to registered holders.

Understanding Tender Caps and Purchase Procedures

The Offers are carefully structured, adhering to specific conditions, including Tender Caps and associated proration procedures. These mechanisms ensure an orderly and effective purchase process, maintaining the Company's financial integrity while potentially benefiting holders of the Securities.

Additional Considerations for Holders

Holders of the securities tendered prior to the designated deadlines will have the opportunity to receive total consideration. This includes their original principal amount adjusted by applicable factors. The total consideration aims to reflect fair value while incentivizing holders to participate in the Offers.

Settlement Dates and Next Steps

The expected settlement for securities validly tendered before the early tender deadline is anticipated in early December. Following these deadlines, the acceptance of tenders will be prioritized based on their respective Acceptance Priority Levels, ensuring a transparent process for all participants.

Role of Dealer Managers in the Offering

Citigroup Global Markets Inc. and nabSecurities, LLC are appointed as dealer managers for these Offers, helping to guide the process and provide additional information to interested parties. They can facilitate inquiries pertaining to the terms of the Offers.

About Newcastle Coal Infrastructure Group

The Company plays a vital role in Australia's coal export sector, operating a coal export terminal at the Port of Newcastle. Established in 2004, it serves as a key infrastructure provider for notable mining entities including BHP Group Limited and Yancoal Australia Limited. This strategic positioning ensures a robust operational environment in the competitive coal market.

Frequently Asked Questions

What is the purpose of Newcastle Coal's cash tender offers?

These offers aim to purchase certain outstanding debt securities, enhancing financial stability and providing cash to holders of the securities.

What is the Aggregate Maximum Tender Amount?

The Aggregate Maximum Tender Amount refers to the maximum combined original principal amount of securities the Company intends to purchase, set at US$65 million.

How are the Tender Caps determined?

Tender Caps are limits established for the purchase of specific series of securities, ensuring a structured and manageable buyback process.

Who can participate in the Offers?

Registered holders of the securities are eligible to participate in the Offers, allowing them to tender their holdings according to specified terms.

What are the expected settlement dates?

The settlement for securities validly tendered before established deadlines is anticipated shortly after the respective deadlines, detailed further in the Offers.

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