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Oxley Holdings Finalizes Notes Exchange Offer

Oxley Holdings Finalizes Notes Exchange Offer

Oxley Holdings Ltd. (SG:5UX) has released an update.

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Oxley Holdings Limited, through its subsidiary Oxley MTN Pte. Ltd., has announced the closure of its exchange offer related to the S$195 million 6.90% notes due in 2024. The offer concluded with S$62.25 million of the notes being validly tendered for exchange, and these will be processed as per the terms outlined in the Exchange Offer Memorandum, with settlement expected around March 28, 2024. The company has confirmed that there will be no extension of the expiration deadline or reopening of the invitation.

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