Thai Oil Public Company Limited Announces Tender Offer to Repurchase Outstanding Senior Unsecured Notes
The Stock Exchange of Thailand has issued a company announcement from Thai Oil Public Company Limited, informing investors of a tender offer to repurchase outstanding senior unsecured notes prior to their maturity dates. The tender offer aims to repurchase up to US$199.9 million in aggregate principal amount of the outstanding notes. The tender offer period will be from 27 August to 25 September 2025, with the company to inform investors of the result once the repurchase is completed.
Key Takeaways:
- Thai Oil Public Company Limited has announced a tender offer to repurchase outstanding senior unsecured notes prior to their maturity dates, with an aggregate principal amount of up to US$199.9 million.
- The tender offer will be conducted by Thaioil Treasury Center Company Limited, a wholly owned subsidiary of the Company, with the Company fully guaranteeing the notes.
- The tender offer period will be from 27 August to 25 September 2025, with the Company to inform investors of the result once the repurchase is completed.
- The senior unsecured notes to be repurchased include: (1) 4.875% Senior Unsecured Notes due 2043, (2) 4.875% Senior Unsecured Notes due 2043, (3) 5.375% Senior Unsecured Notes due 2048, and (4) 3.750% Senior Unsecured Notes due 2050.
- The repurchase of the notes is expected to be completed prior to their maturity dates, allowing the Company to manage its debt obligations and potentially improve its financial position.
- The Company has announced that the complete document containing the tender offer details can be viewed at the link: https://www.set.or.th/en/home
Statistics:
- Aggregate principal amount of notes to be repurchased: up to $199.9 million.
- Maturity dates for the outstanding notes:
+ 4.875% Senior Unsecured Notes due 2043: 2043
+ 4.875% Senior Unsecured Notes due 2043: 2043
+ 5.375% Senior Unsecured Notes due 2048: 2048
+ 3.750% Senior Unsecured Notes due 2050: 2050
- Tender offer period: 27 August 2025 to 25 September 2025.
Sources:
- The Stock Exchange of Thailand (2025)
- Thai Oil Public Company Limited (2025)