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GLP China Holdings Limited's Recent Notes Settlement Announcement

In a significant development for investors, GLP China Holdings Limited has finalized the settlement of their offer concerning the U.S.$700 million 2.95% notes due in 2026. Announced on February 24, 2026, this turn of events follows initial communications about the tender offer made by the issuer on February 5 and February 20. The recent settlement pertains to the purchase of a substantial amount of these notes, amounting to approximately U.S.$456 million.

Overview of the Offer

This settlement is part of GLP's strategic efforts to enhance its financial positioning and offer liquidity to noteholders. As specified in the Tender Offer Memorandum dated February 5, the issuer successfully accepted for purchase the previously tendered notes from holders. Upon completion of this offer, the issuer will cancel all the accepted notes in line with the predefined terms and conditions set forth in their announcement and memorandum.

Financial Details

The total principal amount of the notes that have been accepted for purchase is U.S.$456,077,000. Consequently, the remaining outstanding notes now amount to U.S.$38,923,000. This proactive approach to handling the notes demonstrates the company’s commitment to maintaining robust financial management and offers reassurance to current and potential investors.

Board of Directors' Statements

At the time of this announcement, GLP's board comprised Ming Z. Mei, Teresa Zhuge, Higashi Michihiro, Nicholas Johnson, Mark Tan, and Fenglei Fang. Their collective efforts have been pivotal in guiding the company through this complex process. The company ensures that all operations and settlements are in compliance with the regulations mandated by Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited, which have explicitly stated that they hold no responsibility for the accuracy or completeness of the contents in such announcements.

Compliance and Restrictions

Importantly, this announcement is primarily informational and does not constitute an offer to purchase or sale of any securities. It is imperative to note that the distribution of this information, as well as the Tender Offer Memorandum, is subject to legal restrictions in various jurisdictions. Hence, all parties involved are urged to familiarize themselves with these regulations prior to taking any action.

As the market reacts to this development, investors are encouraged to stay informed about their investment choices and the broader implications these settlements hold for the financial landscape. GLP China Holdings Limited continues to navigate its strategic objectives with a focus on transparency and regulatory compliance. This recent offer settlement is undoubtedly a notable step in fortifying its financial framework for future endeavors.

For ongoing updates or further inquiries, GLP China Holdings Limited invites interested parties to reach out through their designated communication channels.