#None #Bangkok #GC Treasury Center #PTT Global Chemical #USD Tender Offers

GC Treasury Center Announces Cash Tender Offers

GC Treasury Center Company Limited has made headlines with the announcement of two concurrent cash tender offers aimed at purchasing certain outstanding senior unsecured notes. This move is strategically positioned within their broader financial management initiatives, which include initiatives for reducing overall financing costs and improving cash management.

The two offers are focused on:
1. 4.30% Senior Unsecured Notes due 2051, valued at USD 550 million.
2. 5.20% Senior Unsecured Notes due 2052, valued at USD 300 million.

With the tender offer memorandum dated September 1, 2025, all interested holders can access the document online at the provided tender offer website. The offers highlight a fixed price for each series of notes: 82.125% for the 2051 Notes and 94.125% for the 2052 Notes. Along with these fixed prices, holders whose notes are accepted will also receive accrued interest, increasing the overall tender consideration.

Purpose of the Offers

The primary objective of these tender offers is to efficiently manage the company's liabilities. By focusing on debt management and leveraging favorable market conditions, GC Treasury aims to enhance their financial standing. The tender offers are part of a concurrent initiative that includes the issuance of new U.S. dollar-denominated subordinated perpetual securities, further indicating a comprehensive approach to financial management.

Financing Conditions

The successful completion of the tender offers is contingent upon several key financing conditions. These include the successful pricing of new securities and entering into a purchase agreement with initial purchasers. These steps are crucial to ensure that liquidity is maintained while advancing the company's financial goals.

Importantly, the tender offers will allow for full acceptance of validly tendered notes without any proration, meaning that all tendered notes will be accepted if the issuer moves forward with the offers. This inclusive approach reflects the issuer's commitment to shareholder interests during this process.

Preferential Allocation for New Securities

In an exciting feature of this offer, holders of the notes who also submit orders for the new securities may gain prioritized access to these offerings, which enhances the appeal for participation. This preferential allocation strategy aims to reward those holders who demonstrate a clear intent to engage with the issuer.

Key Dates to Remember

The tender offers commenced on September 1, 2025, with key dates including:

• - Withdrawal Date: September 9, 2025, at 5:00 p.m.
• - Expiration Deadline: September 9, 2025, at 5:00 p.m.
• - Settlement Date: Expected to be around September 12, 2025.

This delineation of timelines underscores the urgency and precision involved in managing the tender offers effectively.

Conclusion

GC Treasury Center's cash tender offers mark a significant step in their strategy for financial management and liability settlement. As they pursue this tender offer, investors and holders of the notes are encouraged to review the terms and consider their positions carefully. The focus on reducing liabilities and improving financial efficiency sets a firm foundation as the company moves forward.

For any queries regarding the tender offers, holders are advised to contact the dealer managers or check the detailed tender offer memorandum online for comprehensive guidance. These offerings exemplify the dynamic strategies companies can adopt to effectively manage their financial structures and responsibilities in today's market landscape.