PETALING JAYA: Genting Bhd
’s indirect wholly-owned unit, GOHL Capital Limited, has launched a conditional tender offer to repurchase its outstanding US$1.5bil 4.25% guaranteed notes due in 2027 as part of a refinancing exercise.
In a filing with Bursa Malaysia, Genting said the offer invites noteholders to tender their holdings for cash at a purchase price of US$1,000 per US$1,000 in principal amount, along with accrued and unpaid interest.
The maximum purchase amount will be determined at the sole discretion of the issuer following the pricing of a proposed new issuance of US dollar-denominated securities, with proceeds expected to fund the buyback.
The group said the tender offer, alongside the new issue, is aimed at extending its debt maturity profile.
Completion of the offer is subject to the successful raising of sufficient funds from the new issuance.
The offer opened on April 20 and will close at 4pm London time on April 24, with results expected around April 30.
Settlement is scheduled for on or about May 4, 2026. Genting said notes accepted under the offer will be cancelled and will not be reissued or resold.
