#Kuwait #Kuwait City #Kuwait Projects #KIPCO #Securities Offer

Kuwait Projects Company (Holding) K.S.C.P. Launches Tender Offer

On September 2, 2025, Kuwait Projects Company (Holding) K.S.C.P. (commonly known as KIPCO) made an important announcement concerning their financial strategies. The company initiated a tender offer aimed at purchasing its outstanding notes to optimize its debt structure. This move reflects KIPCO's commitment to maintaining a robust financial standing amid evolving market conditions.

KIPCO is currently inviting noteholders of two specific series of notes to participate in this offer:

1. 4.229% Notes due 2026 (ISIN XS2071383397)
2. 4.500% Fixed Rate Notes due 2027 (ISIN XS1567906059)

Both series of notes issued by Kuwait Projects Co SPC Limited, with KIPCO irrevocably guaranteeing them, have a total principal amount of $500 million each. The company has set a purchase price of $970 for each $1,000 in principal for the 2026 notes and $972.50 for the 2027 notes.

The offers commenced on September 2, 2025, and are set to expire on September 9, 2025, at 11:00 AM New York City Time. This period allows noteholders sufficient time to assess their holdings and make an informed decision regarding participation in the offer. Furthermore, KIPCO has established a framework that permits noteholders to withdraw their tendered notes before the expiration date as long as they meet specified conditions.

Purpose of the Tender Offer

The primary objective behind KIPCO's tender offer is to streamline its debt management. By repurchasing these notes, the company aims to reduce financial liabilities, enhance liquidity, and ultimately strengthen its balance sheet. Notes accepted for purchase will be cancelled, and the company emphasizes that these notes will not be re-issued or sold again, marking a significant step in debt optimization.

KIPCO's strategic approach to managing its debt comes at a critical time when financial institutions and investors are increasingly concerned about market volatility and financial health. The company remains committed to transparency throughout this process and has ensured that all necessary documentation is readily available for potential participants.

Key Dates for Noteholders

• - September 2, 2025: Commencement of the Tender Offer
• - September 9, 2025, 11:00 AM: Expiration and withdrawal deadline for submitting tender instructions
• - September 11, 2025: Expected settlement date for accepted notes
• - September 15, 2025: Expected date for guaranteed delivery settlements

KIPCO has advised noteholders to consult with their financial advisors to navigate this process and to ensure they understand the implications of tendering their notes. The complexity surrounding the offer highlights the importance of professional guidance in making decisions that align with individual financial goals.

Conclusion

Kuwait Projects Company (Holding) K.S.C.P.'s tender offer signals a proactive measure in optimizing its financial framework amidst market challenges. As KIPCO moves forward, stakeholders can anticipate further updates and developments regarding the outcome of this tender offer.