The offering was upsized from a previous offering of USD 175
million in aggregate principal amount of the Notes. In connection
with the Notes Offering, Morgan Stanley & Co. LLC and Goldman
Sachs (Asia) L.L.C as Initial Purchasers have exercised their
options to purchase up to an additional USD 30 million aggregate
principal amount of the Notes from MMTL. The Notes will be
senior, unsecured obligations of MMTL and will mature on February
15, 2028, unless earlier redeemed, repurchased or converted in
accordance with their terms. The Notes will be convertible into
ordinary shares of the Company, at the option of the holders, in
integral multiples of $1,000 principal amount, at any time prior to
the close of business on the second business day preceding February
15, 2028.
