Singtel Reports Acquisition of STT Gdc by KKR-led consortium with Singtel Group

Feb 4 (Reuters) - Singapore Telecommunications Ltd STEL.SI:

• AN AMOUNT EQUAL TO S$3.3 BILLION, BEING 50% OF TOTAL CONSIDERATION, WILL BE PAYABLE ON CLOSING

• TOTAL CONSIDERATION FOR SALE SHARES IS S$6.6 BILLION

• INVESTOR COMMITS S$740 MILLION EQUITY INJECTION INTO OPAL

• UNIT AND KKR OPAL TOPCO LP AGREED TO FORM A CONSORTIUM TO ACQUIRE THROUGH OPAL BIDCO PTE. LTD. ALL SHARES IN SHARE CAPITAL OF STT GDC

• REMAINING TOTAL CONSIDERATION PAYABLE FOR SALE SHARES WILL BE FUNDED BY KKR'S SEPARATE INVESTMENT INTO OPAL AND DEBT

• HAVE AGREED TO FORM A CONSORTIUM TO ACQUIRE THROUGH OPAL BIDCO 81.7% OF STT GDC

• AN AMOUNT EQUAL TO S$3.3 BILLION, BEING 50% OF TOTAL CONSIDERATION, WILL BE PAYABLE ON CLOSING

• UPON CLOSING, SINGTEL INVESTOR WILL HOLD AGGREGATE EQUITY INTEREST OF 25% OF ALL SHARES IN SHARE CAPITAL OF STT GDC