Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust, managed by LMIRT Management Ltd., has initiated a tender offer to repurchase its outstanding 7.500% Senior Notes due 2026 for cash, subject to terms in the offer memorandum. Alongside this buyback, the company is seeking consent from note holders for amendments to the terms of the indenture that governs the notes. The proposed amendments will be funded through the net proceeds of a credit facility.
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