Sammaan Capital Limited has announced the successful completion of its cash tender offer for its outstanding U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. The company accepted U.S.$18,000,000 in principal amount of bonds, with a total payment of U.S.$18,790,050.03 including accrued interest. The remaining principal amount outstanding is U.S.$306,000,000.
Sammaan Capital Finalizes Social Bond Tender Offer
Sammaan Capital Limited confirmed on August 17, 2026, the successful completion of its previously announced cash tender offer for its outstanding U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027 (the “Bonds”). This offer, which was subject to specific terms and conditions outlined in the Tender Offer Memorandum, aimed to purchase up to a maximum principal amount of U.S.$18,000,000.
Offer Details and Acceptance
The tender offer expired on August 17, 2026, at 5:00 P.M. Central European Time. Notably, the company had already accepted U.S.$18,000,000 of the Bonds for purchase on the early acceptance date of August 3, 2026. Consequently, any bonds validly tendered after the early tender deadline of July 31, 2026, but before the final expiration, were not accepted for purchase and will be returned to the holders.
Financial Impact and Outstanding Debt
Sammaan Capital paid a total of U.S.$18,790,050.03 in connection with the consummated tender offer. This amount includes the Early Tender Offer Consideration and accrued interest on the U.S.$18,000,000 principal amount of bonds accepted for purchase. As a result of this transaction, the aggregate principal amount of Bonds remaining outstanding as of August 17, 2026, stands at U.S.$306,000,000.
Source: BSE
