PT ABM Investama Tbk announced that it has commenced an offer to purchase (the "Offer") for cash its 7.125% Senior Notes due 2022. The Offer is made available to all holders of the Notes, on the terms and subject to the conditions set forth in a tender offer memorandum dated as of July 21, 2021 (the "Tender Offer Memorandum"). Concurrent with the Offer, the company announced its offer of U.S. dollar denominated Senior Notes (the "New Notes"). As of July 21, 2021, the aggregate principal amount of the Notes outstanding was USD 350.0 million. When considering allocations of New Notes, the Company, among other factors, intends to look favorably upon those holders of Notes who have, prior to the allocation of the New Notes, indicated their firm intention to the Company or the Dealer Managers (as defined below) to tender their Notes, and may, in the Company's sole and absolute discretion accord such holder's bid priority in the allocation of the New Notes, as described in the Tender Offer Memorandum. However, neither the Company nor the Dealer Managers are obligated to allocate New Notes or any particular quantity of New Notes to a holder that has validly tendered or indicated its firm intention to tender Notes in the Offer. The consideration for all Notes validly tendered and accepted for payment and not validly withdrawn (A) at or prior to 5:00 p.m., New York time, on August 3, 2021 the (the "Early Tender Time") pursuant to the Offer shall be a price equal to (i) the amount of USD 1,000 per USD 1,000 principal amount of Notes plus Applicable Accrued Interest (the "Tender Consideration") plus (ii) an amount equal to USD 17.81 per USD 1,000 principal amount of Notes which will constitute an early tender payment (the "Early Tender Payment" and together with the Tender Consideration, the "Total Consideration"), or (B) following the Early Tender Time but at or prior to 5:00 p.m., New York time, on August 18, 2021 (the "Expiration Deadline") pursuant to the Offer shall be a price equal to the Tender Consideration, and in each case, if all conditions to the Offer are satisfied or waived prior to the Early Settlement Date (as defined in the Tender Offer Memorandum) or the Settlement Date (as defined in the Tender Offer Memorandum), as applicable. Holders who tender Notes will be able to withdraw such Notes until the Early Tender Time. The Company may, but is not obligated to, elect following the Early Tender Time and prior to the Expiration Deadline, to accept and settle the purchase of Notes validly tendered and not validly withdrawn by holders at or prior to the Early Tender Time (the "Early Settlement Right"), provided that all conditions to the Offer have been satisfied or waived by the Company. Notes accepted for purchase by the Company on the business day following the date on which the Early Settlement Right is exercised (the "Early Acceptance Date") may be settled on such date or promptly thereafter (the "Early Settlement Date"). It is anticipated that the Early Settlement Date will be August 6, 2021. If the Company elects to exercise its Early Settlement Right, it will issue a press release announcing the date selected as the Early Settlement Date and the aggregate principal amount of the Notes accepted for purchase on such date. Payment for any Notes that are validly tendered after the Early Tender Time but before the Expiration Deadline; and accepted for purchase and not validly withdrawn is anticipated to occur on August 23, 2021 (the "Settlement Date"). The company reserves the right to accept for purchase up to an aggregate principal amount of Notes as it may determine in its sole and absolute discretion, and which is expected to be determined and announced by the Company on or about the Early Tender Time (as such amount may be increased, the "Tender Cap"). The Company expects to announce a Tender Cap equivalent to the net proceeds received by the Company from the issue of the New Notes. If at the Early Tender Time, the aggregate principal amount of Notes validly tendered (and not validly withdrawn) by holders would result in the aggregate purchase price reaching or exceeding the Tender Cap, the Company does not expect to accept any Notes tendered by holders after the Early Tender Time.