#United States #Senior Notes #Cash Offer #Reworld Holding #Florham Park, New Jersey

Reworld Holding Corporation Announces Cash Tender Offer

Reworld Holding Corporation, a frontrunner in sustainable waste solutions, has revealed the initiation of a cash tender offer for its 5.000% Senior Notes set to mature in 2030. This move marks a strategic step in optimizing the company's financial structure while aligning with its broader sustainability goals.

Details of the Tender Offer

The offer, which seeks to purchase any and all outstanding notes, is part of a comprehensive strategy to streamline operations. This announcement was made public on August 22, 2025, alongside the conditions outlined in the Offer to Purchase and Consent Solicitation Statement. Notably, the cash tender offer is coupled with a solicitation for consents from noteholders, aimed at removing restrictive covenants and reporting obligations currently in place.

This solicitation is designed to garner authorizations from a majority of the noteholders, thus paving the way for significant amendments. It is imperative for noteholders to submit their consents if they wish to participate in the tender offer, as the two processes are interlinked. The deadline for early submissions is set for 5:00 PM EST on September 5, 2025, while the overall offer will close at 5:00 PM EST on September 22, 2025.

Financial Implications

The financial terms outlined in the offer indicate that holders who tender their notes by the early tender date will receive a total consideration of $1,000 per $1,000 principal amount of notes, which includes a $50 early participation premium. For those who miss this deadline, the consideration will be limited to the base amount of $950.

In addition to the principal amounts, eligible holders will also receive accrued interest from the last interest payment date up until the settlement date. This structured approach not only incentivizes participation but also benefits the company by reducing its financial obligations and enhancing liquidity.

Facilitating the Process

Barclays Capital Inc. has been appointed as the dealer manager and solicitation agent for these offers. They will oversee the tender process and address any questions potential participants may have. For further assistance, the Global Bondholder Services Corporation will serve as the information and tender agent, ensuring that the process remains transparent and accessible for all stakeholders.

Reworld Holding Corporation is committed to meeting the conditions necessary for the successful completion of the offer, including the delivery of valid consents and the execution of relevant documents. This initiative is not just about cash management; it aligns with the company's ethos of fostering sustainable practices across its operations.

In summary, Reworld's decision to commence this cash tender offer is a strategic financial maneuver that underlines the company's commitment to flexibility, sustainability, and continuous improvement. Stakeholders are encouraged to consider the implications of this offer carefully. With a focus on reducing debt and enhancing operational efficiencies, Reworld is not only paving the way for its fiscal future but also reinforcing its position as an environmentally responsible entity in the market.

For further inquiries or to obtain additional details regarding the tender offer, interested parties may contact Barclays Capital Inc. or Global Bondholder Services Corporation directly.