TPHL Announces Extension of Early Tender Deadline, Amendment to Minimum Tender Condition and Additional Early Tender Consideration

• The early tender deadline has been extended until 5:00 p.m., New York City time, on May 10, 2019. In addition, TPHL announced that the Expiration Date of the Exchange Offers is extended to 5:00 p.m., New York City time, on May 24, 2019, unless extended. 
• TPHL also announced that it has amended the minimum tender condition such that the consummation of the Exchange Offers is conditioned upon, among other things, the valid tender, without subsequent withdrawal, of at least U.S.$150 million aggregate principal amount of Existing Notes.
• The company also announced that, in addition to the Total Consideration, Eligible Holders who validly tender Existing Notes at or prior to the Extended Early Tender Deadline will receive an additional U.S.$10of cash for each U.S.$1,000 principal amount of 2019 Notes and 2022 Notes, respectively, accepted for exchange (the "Additional Early Tender Consideration"); provided that a minimum of U.S.$350 million 2019 Notes are validly tendered in 2019 Notes Offer.

(Source: PRNewswire)