#Exchange Offer #British Virgin Islands #Tortola #IDC Overseas #Notes Due

IDC Overseas, Ltd. Concludes Successful Exchange Offer

On March 21, 2025, IDC Overseas, Ltd. announced the completion of its Exchange Offer, permitting holders of its existing 9.0% Notes due 2026 to swap these for a new set of 9.0% Notes, now due 2030. This strategic move has been tightly followed in the financial community, highlighting IDC’s commitment to optimize its capital structure amid evolving market conditions.

The Exchange Offer was officially closed as of 4:00 PM London Time on the same day. Impressively, a total of $144,940,000 in Existing Notes was successfully exchanged, accounting for about 96.63% of the notes originally in circulation. This overwhelming response underscores the confidence investors have in IDC’s financial health and strategic direction. All valid offers for exchange have been accepted, and the anticipated settlement date for the transactions is scheduled for around March 26, 2025.

Exchange Process and Participants

BCP Securities, Inc. played a pivotal role as the exclusive dealer manager throughout this Exchange Offer. Meanwhile, D.F. King Ltd. served as both the information agent and exchange agent, ensuring transparency and efficiency in managing the communications and operations involved.

Eligible holders interested in understanding the intricacies of the Exchange Offer could consult the detailed exchange offer memorandum, available upon request from either BCP Securities, Inc. or D.F. King Ltd. The clarity provided by these resources has been vital in aiding stakeholders in making informed decisions regarding the exchange.

Regulatory Compliance

It is critical to note that the New Notes issued under this Exchange Offer have not been filed with the United States Securities and Exchange Commission (SEC), nor will they be registered under the Securities Act of 1933. Consequently, these New Notes can only be offered or sold to non-U.S. residents outside the United States in accordance with Regulation S, explicitly prohibiting sales within U.S. borders unless exempted.

This release emphasizes that it is solely for informational purposes and does not constitute a solicitation to purchase the New Notes or any Existing Notes. Interested parties were encouraged to review the exchange offer memorandum for comprehensive terms and conditions.

About IDC Overseas

Founded in 1995, IDC Overseas has transformed remarkably from its origins as a consulting firm into a full-fledged investment bank. Today, the company stands as a multi-fund platform focused on strategic investments, operating across key cities such as Miami, Guatemala City, Madrid, and Copenhagen. With assets under management totaling approximately $2.1 billion as of December 31, 2024, IDC continues to play a significant role in the investment landscape. Its overarching mission is to act as a catalyst for positive change, using its capital and innovative projects to enhance lives around the globe.

Looking Forward

As IDC moves forward post-exchange, the company is well-positioned to invest strategically and respond to future market opportunities. The successful completion of this Exchange Offer not only reflects investor confidence but sets a solid foundation for IDC’s ongoing strategic initiatives. Management remains focused on maintaining robust engagement with its stakeholders and navigating the complexities of today’s financial landscape.

Forward-Looking Statements: This announcement may contain forward-looking statements about IDC's future operations, prospects, and strategies. Readers are advised to be cautious, as these statements inherently carry risks and uncertainties that may lead actual results to differ materially.

In conclusion, IDC Overseas, Ltd.'s proactive measures in optimizing its financial structure through the recent Exchange Offer spotlight its commitment to resilient and forward-thinking leadership in the investment sector.