Bonitron Designated Activity Company announces Tender Offer Results

4 October 2022

On 22 September 2022, Bonitron Designated Activity Company (the «Offeror») invited holders of its U.S.$300,000,000 9.000 per cent. Loan Participation Notes due 2025 (the «Notes»), issued for the sole purpose of financing a loan to Eurotorg LLC (the «Borrower»), to tender their Notes for purchase by the Offeror for cash, subject to the Maximum Acceptance Amount (as defined below) (the «Offer»).

The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 22 September 2022 (the «Tender Offer Memorandum»). Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.

Results of the Offer

As of the Expiration Deadline, being 4:00 p.m. (London time) on 3 October 2022, the aggregate principal amount of Notes validly tendered (and received by the Tender Agent at or prior to the Expiration Deadline) was U.S.$39,475,000. The Offeror (acting jointly with the Borrower) has accepted for purchase an aggregate principal amount of Notes equal to U.S.$39,475,000 as set out in the table below:

The expected Settlement Date is 6 October 2022.

The Offer has now expired and no further Notes can be tendered for purchase pursuant to the Offer.

Notes that have not been tendered and accepted for purchase by the Offeror (acting jointly with the Borrower) pursuant to the Offer will remain outstanding and will remain subject to the terms and conditions of such Notes.

This announcement is released by Bonitron Designated Activity Company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (the «MAR») encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by the Directors of Bonitron Designated Activity Company.

If you need further information about the Offer, please contact the Tender Agent or the Borrower.

The Tender Agent

The Borrower