#United States #Senior Notes #Cash Tender Offer #Florham Park #Reworld Holding

Reworld Holding Corporation's Early Results on Tender Offer

Reworld Holding Corporation recently disclosed significant early results of its cash tender offer concerning its 5.000% Senior Notes that are set to mature in 2030. As of 5:00 p.m. New York City time on September 5, 2025, the company had received tenders and consents amounting to approximately $377,338,000 or roughly 94.33% of the total outstanding Notes. This notable figure indicates a strong enthusiasm from the holders of these securities.

On the same date, Reworld executed a supplemental indenture with Computershare Trust Company, N.A., which will lead to the removal of several restrictive covenants and reporting obligations linked to the Notes. However, it's crucial to understand that these changes will only be enforceable once the company purchases a majority of the Notes that have been validly tendered.

The deadline for withdrawing tenders from the offer was the same day at 5:00 p.m. This means that the holders who did not withdraw their tenders are guaranteed eligibility for the total consideration proposed for the Notes they tendered before the early tender date. Those who tend to submit after this date will only be eligible for a lesser amount, reflecting the absence of the early participation premium.

The tender offer will remain open until 5:00 p.m. on September 22, 2025, unless the company decides to terminate it earlier. Reworld maintains that those who have properly tendered Notes will receive either total or tender considerations subsequently after acceptance. This process is subject to certain conditions, including the requirement for reaching a majority acceptance from holders.

The offer documents detail further specifics surrounding the tender and the consent solicitation process. Holders are required to deliver consents to the proposed amendments along with their tenders. Reworld’s ability to successfully finalize this tender offer rests on meeting specific conditions that ensure a majority participation from the Note holders.

Barclays Capital Inc. is working as the dealer manager and solicitation agent for this offer, ready to assist holders with inquiries or additional information regarding the tender offer’s particulars. On the other side, Global Bondholder Services Corporation acts as the information and tender agent, providing essential contacts for any questions and the distribution of the offer documents.

As Reworld Holding Corporation continues its operations from Florham Park, New Jersey, it maintains its commitment to advancing sustainable waste solutions. Reworld aims to support global sustainability efforts through innovative technologies that encapsulate the principles of reducing, reusing, and recycling.

This announcement signifies Reworld's proactive approach to engage with its investors effectively, reflecting the company’s responsibility towards its bondholders and the emphasis on transparency in financial operations. As the deadline approaches, it will be interesting to observe how many more holders participate in the tender offer and how this strategic move impacts the company’s financial standing moving forward.