Sammaan Capital Closes Tender Offer for Senior Secured Social Bonds

Sammaan Capital Ltd has successfully closed its tender offer for its U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. The offer aimed to purchase up to U.S.$18,000,000 in principal amount. The early tender deadline was July 31, 2026. Holders who tendered by this deadline were eligible for an early tender offer consideration of U.S.$1,035 per U.S.$1,000 principal amount. The aggregate principal amount tendered at or before the early deadline exceeded the maximum purchase amount, necessitating a scaling factor of approximately 15.0997%.