NCIG Announces Expiration and Results of Cash Tender Offer for its Outstanding Notes due 2027
Newcastle Coal Infrastructure Group Pty Ltd (NCIG) has announced the expiration and results of a cash tender offer for all outstanding 4.400% Guaranteed Senior Secured Notes due in 2027. The tender expired on September 23, 2026, with $248.5 million worth of notes validly tendered out of an original principal amount outstanding of approximately $400.1 million. The company expects to accept all tendered and non-withdrawn securities at a price per note of $993.11 for each $1,000 face value. Holders will also receive accrued interest from the last payment date up to September 28, which is expected to be the settlement date. The transaction remains subject to certain conditions outlined in the offer documentation, including financing and general terms.