#Hong Kong #Tender Offer #GLP China #Notes Due 2026

GLP China Holdings Limited Reports Tender Offer Results

On February 20, 2026, GLP China Holdings Limited announced the results of its tender offer for its U.S. $700,000,000 2.95% notes due in 2026, as referenced in the issuer's previous announcement dated February 5, 2026. The issuer invited noteholders to tender their outstanding notes for cash, under the terms detailed in the Tender Offer Memorandum.

Key Highlights of the Tender Offer

The tender offer officially ended at 5:00 p.m. New York City time on February 19, 2026. By this deadline, a remarkable U.S. $456,077,000 worth of the notes had been validly tendered. Notably, no notes were tendered under the Guaranteed Delivery Procedures, and all valid tenders that were not subsequently withdrawn were accepted for purchase.

Successful Financing Condition

On February 12, prior to the expiration of the tender offer, GLP Pte. Ltd., the controlling shareholder of the issuer, completed the issuance of additional senior notes denominated in U.S. dollars, which satisfied the necessary financing condition for the offer. This strategic move allowed the company to consolidate its financing structure while providing liquidity options for noteholders.

The settlement date for the tender offer is anticipated to be around February 24, 2026. On this date, the payment for the purchase price and accrued interest will be executed for all notes validly tendered and accepted.

Details of the Offer

The full terms and conditions of the tender offer are outlined in the Tender Offer Memorandum. GLP China Holdings Limited has designated Morgan Stanley Asia Limited as the Dealer Manager for this offer. For noteholders seeking further information or assistance regarding the tender offer, they are encouraged to reach out to Morgan Stanley or Sodali Co Limited, appointed as the Tender and Information Agent. The contact details for both entities are provided within the Tender Offer Memorandum.

Advisory for Noteholders

Noteholders uncertain about the terms of the offer or the actions required on their part are advised to consult financial and legal professionals to navigate any potential tax implications or investment decisions related to the offer. The issuer, Dealer Manager, and Tender and Information Agent expressly decline to provide any financial, legal, or tax advice as part of this announcement.

In summary, the tender offer represents a significant opportunity for noteholders of GLP China Holdings Limited to liquidate their positions under favorable market conditions. The issuer's proactive strategies reflect positively on its financial governance and capital management.

This announcement serves as an update solely for information purposes and does not constitute an invitation or offer to purchase any securities in jurisdictions where such offers are prohibited by law. The issuer and its affiliates are committed to ensuring compliance with all applicable regulations during this process.