MHP launches tender offer to buy back $550 million in Eurobonds

MHP has announced that it is holding meetings with international investors as part of preparations for a potential new eurobond issuance.

At the same time, the company reported that on Thursday, January 15, it launched a tender offer to repurchase any and all of its outstanding bonds in an aggregate principal amount of $550 million, bearing an interest rate of 6.95% and maturing in 2026, subject to certain conditions, including financing.

The purchase price for bonds tendered by 5:00 p.m. New York time on January 26, 2026, is $1,000 per $1,000 principal amount, plus accrued and unpaid interest.

As part of its financial liabilities management strategy, the company has come forward with a proposal for a new issuance. Proceeds from the potential new eurobond issue are expected to be used to refinance the company’s outstanding 2026 eurobonds.