Seazen Group (1030) Announces Subsidiary New Metro Global’s Cash Offer for US$404.00 Million Senior Notes

Bulletin Express02-26

Seazen Group Limited (Stock Code: 1030) has announced that its subsidiary, New Metro Global Limited, is making a cash offer to purchase all of its outstanding 4.5% Guaranteed Senior Notes due 2026 (ISIN: XS2290806285). The notes have an outstanding principal amount of US$404.00 million. The purchase price is set at US$1,010 for each US$1,000 in principal, and holders whose notes are accepted will also receive accrued interest.

New Metro Global Limited intends to fund the purchase with proceeds from a concurrent issuance of new senior notes, alongside internal resources. The offer forms part of efforts to manage balance sheet liabilities and optimize debt structure. According to the announcement, the offer will expire at 4:00 p.m. (London Time) on March 5, 2026, subject to any extensions, with settlement expected on or about March 10, 2026.

Priority acceptance terms apply to eligible noteholders who subscribe for the new notes and tender these 2026 notes; detailed procedures and conditions, including Investor Code requirements, are outlined in the official offer documentation. The company has stated that this offer is not made available within the United States or to U.S. persons, and is solely governed by the terms in the official announcement and the related offer to purchase document.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1132878427?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-26 08:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1132878427","market":"us","top_or_hot":-1,"title":"Seazen Group (1030) Announces Subsidiary New Metro Global’s Cash Offer for US$404.00 Million Senior Notes","media":"Bulletin Express","content":"<p>Seazen Group Limited (Stock Code: 1030) has announced that its subsidiary, New Metro Global Limited, is making a cash offer to purchase all of its outstanding 4.5% Guaranteed Senior Notes due 2026 (ISIN: XS2290806285). The notes have an outstanding principal amount of US$404.00 million. The purchase price is set at US$1,010 for each US$1,000 in principal, and holders whose notes are accepted will also receive accrued interest.</p>\n<p>New Metro Global Limited intends to fund the purchase with proceeds from a concurrent issuance of new senior notes, alongside internal resources. The offer forms part of efforts to manage balance sheet liabilities and optimize debt structure. According to the announcement, the offer will expire at 4:00 p.m. (London Time) on March 5, 2026, subject to any extensions, with settlement expected on or about March 10, 2026.</p>\n<p>Priority acceptance terms apply to eligible noteholders who subscribe for the new notes and tender these 2026 notes; detailed procedures and conditions, including Investor Code requirements, are outlined in the official offer documentation. The company has stated that this offer is not made available within the United States or to U.S. persons, and is solely governed by the terms in the official announcement and the related offer to purchase document.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seazen Group (1030) Announces Subsidiary New Metro Global’s Cash Offer for US$404.00 Million Senior Notes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeazen Group (1030) Announces Subsidiary New Metro Global’s Cash Offer for US$404.00 Million Senior Notes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-02-26 08:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Seazen Group Limited (Stock Code: 1030) has announced that its subsidiary, New Metro Global Limited, is making a cash offer to purchase all of its outstanding 4.5% Guaranteed Senior Notes due 2026 (ISIN: XS2290806285). The notes have an outstanding principal amount of US$404.00 million. The purchase price is set at US$1,010 for each US$1,000 in principal, and holders whose notes are accepted will also receive accrued interest.</p>\n<p>New Metro Global Limited intends to fund the purchase with proceeds from a concurrent issuance of new senior notes, alongside internal resources. The offer forms part of efforts to manage balance sheet liabilities and optimize debt structure. According to the announcement, the offer will expire at 4:00 p.m. (London Time) on March 5, 2026, subject to any extensions, with settlement expected on or about March 10, 2026.</p>\n<p>Priority acceptance terms apply to eligible noteholders who subscribe for the new notes and tender these 2026 notes; detailed procedures and conditions, including Investor Code requirements, are outlined in the official offer documentation. The company has stated that this offer is not made available within the United States or to U.S. persons, and is solely governed by the terms in the official announcement and the related offer to purchase document.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01030","symbol_name":"新城发展","start_time":0,"source_url":"","article_id":"1132878427","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132878427","pubTimestamp":1772065274,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Seazen Group Limited (Stock Code: 1030) has announced that its subsidiary, New Metro Global Limited, is making a cash offer to purchase all of its outstanding 4.5% Guaranteed Senior Notes due 2026...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01030":"新城发展"},"translate_title":"新城集团(1030)公布子公司New Metro Global现金要约4.04亿美元优先票据","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01030":1},"content_text":"Seazen Group Limited (Stock Code: 1030) has announced that its subsidiary, New Metro Global Limited, is making a cash offer to purchase all of its outstanding 4.5% Guaranteed Senior Notes due 2026 (ISIN: XS2290806285). The notes have an outstanding principal amount of US$404.00 million. The purchase price is set at US$1,010 for each US$1,000 in principal, and holders whose notes are accepted will also receive accrued interest.\nNew Metro Global Limited intends to fund the purchase with proceeds from a concurrent issuance of new senior notes, alongside internal resources. The offer forms part of efforts to manage balance sheet liabilities and optimize debt structure. According to the announcement, the offer will expire at 4:00 p.m. (London Time) on March 5, 2026, subject to any extensions, with settlement expected on or about March 10, 2026.\nPriority acceptance terms apply to eligible noteholders who subscribe for the new notes and tender these 2026 notes; detailed procedures and conditions, including Investor Code requirements, are outlined in the official offer documentation. The company has stated that this offer is not made available within the United States or to U.S. persons, and is solely governed by the terms in the official announcement and the related offer to purchase document.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding,SGX","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132878427","isCrawlerRequest":true}