PT Modernland Realty Completes Exchange Offer

Skadden advised Indonesia-based PT Modernland Realty Tbk. in: its offer to exchange $150 million of 11% guaranteed senior notes due 2016 for 9.75% guaranteed senior notes due 2019; a consent solicitation to amend the terms of the 2016 notes and permit the issuance of the 2019 notes; and a concurrent offering of 2019 notes to raise new capital.