#British Virgin Islands #Tortola #Debt Exchange #IDC Overseas #9.0% Notes

IDC Overseas, Ltd. Launches Exchange Offer for Outstanding Notes

IDC Overseas, Ltd., a prominent investment firm based in the British Virgin Islands, announced an exchange offer for its outstanding 9.0% Notes that are set to mature in 2026. This initiative, designed exclusively for Eligible Holders, aims to facilitate the transition of these existing notes into new notes maturing in 2030. With a current aggregate principal amount of $150 million of the existing notes, the exchange process presents a timely opportunity for debt restructuring.

Details of the Exchange Offer

According to the official exchange offer memorandum, holders of the existing notes (ISIN XS2590265471; Common Code 259026547) will have the chance to exchange their current holdings for new notes at a fixed rate of $1,000 in new notes for every $1,000 of existing notes they surrender. Additionally, participants will receive accrued interest payable in cash, providing an attractive financial incentive for eligible holders.

The Exchange Offer is intended to extend IDC’s debt maturity profile, thus enhancing its financial flexibility. The company aims to achieve a minimum acceptance threshold of 75% of the existing noteholders, equating to $112.5 million, to proceed with the exchange effectively.

Important Milestones and Timeline

The Exchange Offer will close on March 21, 2025, at 4:00 PM London time, unless extended or terminated earlier by IDC. Eligible Holders should keep a close eye on this deadline to ensure their participation. The anticipated settlement date is set for March 26, 2025, allowing for a swift transition should the required conditions be met.

BCP Securities, Inc. has been designated as the exclusive dealer manager for this exchange, providing support and guidance throughout the process. Additionally, D.F. King Ltd. is appointed as the information agent to assist eligible holders in navigating the exchange offer details.

About IDC Overseas, Ltd.

Founded in 1995, IDC has grown from a simple consulting firm into a comprehensive investment banking institution and multi-fund platform specializing in strategic investments. With operations spanning four international offices located in Miami, Guatemala City, Madrid, and Copenhagen, IDC leverages both local expertise and global reach to curate unique investment opportunities. As of December 31, 2024, the company had assets under management totaling approximately $2.1 billion.

IDC’s mission is clear: to act as a transformative agent, generating positive impact through its investment strategies and proprietary projects. The company remains steadfast in its commitment to forward-looking practices, even as it acknowledges the inherent uncertainties associated with future projections.

Conclusion

With the current exchange offer, IDC Overseas, Ltd. is not just reshaping its debt profile but is also signaling a proactive approach toward ensuring long-term financial stability. Investors are encouraged to review the conditions outlined in the memorandum and consider participating in this timely opportunity. For further specialized guidance, eligible holders may contact BCP Securities or D.F. King.

This announcement serves informational purposes only and does not constitute an offer to sell or solicit any interest in the new notes. Interested parties should consult the exchange offer memorandum for comprehensive terms and conditions governing the exchange process.