Brazil’s Rede D’Or offers cash for up to $135 million of 4½% notes

Chicago, Oct. 6 – Rede D’Or Sao Luiz SA subsidiary Rede D’or Finance Sarl is offering to purchase for cash up to $135 million of its $885 million outstanding 4½% guaranteed notes due 2030 (Cusips: 75735GAA6, L7915TAA0), according to a press release.

The company is offering to pay $1,006.25 per $1,000 note, an amount that includes a $30 early tender premium for noteholders who tender their notes by the early deadline.

Interest will also be paid to the applicable settlement date.

The early tender deadline is 5 p.m. ET on Oct. 20, also the withdrawal deadline.

The expiration deadline is 11:59 p.m. ET on Nov. 3.

Tenders may be subject to proration.

If the company opts for an early settlement date, it would likely be Oct. 22.

Final settlement is expected for one business day after the expiration of the offer.

Itau BBA USA Securities, Inc. (888 770-4828, 212 710-6749) and J.P. Morgan Securities LLC (866 846-2874, 212 834-4533) are acting as dealer managers.

D.F. King & Co., Inc is the information and tender agent for the offer (866 356-7813, 212 269-5550, rdsl@dfking.com).

Sao Paulo-based Rede D’Or is a hospital owner and operator.

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