PT PAN BROTHERS TBK announced proposed scheme of arrangement - revision of term sheets. The USD 200,000,000 7.625% Guaranteed Senior Notes due 2022 (ISIN: XS1555631925, Common Code: 155563192) issued by PB International B.V. (the ?Issuer?) on 26 January 2017 (the ?Existing Notes?); (b) the revolving credit facility of up to USD 150,000,000 arranged by PT Bank Anz Indonesia, PT Bank HSBC Indonesia and ING Bank N.V., Singapore Branch for, among others, the Company and as amended on 10 April 2018 and 29 October 2018 (the ?Existing Syndicated Facility?); and (c) certain outstanding bilateral facility claims against the Company (the ?Existing Bilateral Facilities?), (the Existing Notes, the Existing Syndicated Facility and the Existing Bilateral Facilities collectively, the ?Existing Debt?). The Company has circulated terms of an arrangement and compromise which it plans to implement as a scheme of arrangement (the ?Scheme?) pursuant to Section 71 of the Singapore Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018). The Scheme document together with an explanatory statement in relation to the Scheme (the ?Explanatory Statement?) has been circulated through the clearing systems, email, announced on SGXNet and are available to download from the website in respect of the Scheme (the ?Scheme Website?). Printed copies of the Scheme document and Explanatory Statement can also be obtained free of charge by Scheme Creditors (as defined in the Scheme) on request from the Information Agent (contact details below) or the Company. Appendix 6 of the Explanatory Statement and Schedule 2 of the Scheme document set out the term sheet for the Existing Notes (the ?Restructuring Term Sheet (Existing Notes)?) and Appendix 7 of the Explanatory Statement and Schedule 2 of the Scheme document set out the term sheet for the Existing Syndicated Facility (the ?Restructuring Term Sheet (Syndicated Facility)?). Clause 14.5 of the Scheme document provides a mechanic for the Company to revise the various term sheets (including the Restructuring Term Sheet (Existing Notes) and the Restructuring Term Sheet (Syndicated Facility)) if it receives comments from Scheme Creditors. Having received such comments and considered them in accordance with the terms of the Clause 14.5 of the Scheme document, the Company has agreed to revise the Restructuring Term Sheet (Existing Notes) and the Restructuring Term Sheet (Syndicated Facility) to take in some of those comments. The revised Restructuring Term Sheet (Existing Notes) and the revised Restructuring Term Sheet (Syndicated Facility) will be circulated to the Scheme Creditors (through the Information Agent in the case of the Scheme Creditors that are Noteholders and in the case of other Scheme Creditors through the applicable Administrative Parties where relevant). Pursuant to Clause 14.5 of the Scheme the revised Restructuring Term Sheet (Existing Notes) and the revised Restructuring Term Sheet (Syndicated Facility) shall replace the Restructuring Term Sheet (Existing Notes) and the Restructuring Term Sheet (Syndicated Facility) set out in Schedule 2 to the Scheme document and set out in Appendix 6 and Appendix 7 of the Explanatory Statement (as applicable) for all purposes of the Scheme without any further action or consent being required.