Jakarta - PT Modernland Realty Tbk (MDLN) made a tender offer by buying debt securities of two of its business entities, namely JGC Ventures Pte Ltd (JGCV) and Modernland Overseas Pte Ltd (MLO).

First, JGCV offers holders of US$179,156,672 amended and restated guaranteed senior notes maturing on June 30, 2025 (2025 Notes) and US$194,086 guaranteed senior PIK toggle notes maturing on June 30, 2025 (2025 PIK Interest Notes).

JGCV issued these notes for the tender for 2025 Notes and 2025 PIK Interest Notes for purchase. The total amount reached US$26,015,170.

Second, MLO offers holders US$268,480,678 amended and restated guaranteed senior notes maturing on April 30, 2027, issued by MLO (2027 Notes), together with 2025 Notes, 2025 PIK Interest Notes.

These notes are for tender for 2027 Notes as well as for purchase, with a total amount of up to US$26,015,170.

The offering price ranges for 2025 Notes and 2025 PIK Interest Notes are $0.53