Consolidated Energy tender offer is half subscribed by early deadline

Chicago, Oct. 22 – Consolidated Energy Finance SA received tenders from noteholders representing $55,067,000 of its outstanding floating-rate notes due 2022 (Cusips: L1957QAC4, 20914UAC0) by the early deadline, according to a press release.

The company is offering to buy up to $105,001,000 of the $215,001,000 outstanding notes.

Payment is $1,000 for each $1,000 note, inclusive of a $30 early tender payment. Accrued interest will also be paid.

Noteholders who tendered their notes by the early deadline at 5 p.m. ET on Oct. 22 will receive the total consideration. The early deadline was also the withdrawal deadline.

The company will accept all the notes tendered by the early deadline and has elected for an early settlement date on Oct. 26.

The tender offer will expire at 11:59 p.m. ET on Nov. 5.

Tendered notes may be subject to proration.

All notes purchased will be canceled.

Morgan Stanley & Co. LLC is the dealer manager (800 624-1808, 212 761-1057).

D.F. King & Co., Inc is the information and tender agent for the offer (800 591-8263, 212 269-5550, cef@dfking.com).

Consolidated Energy is a Medford, N.Y.-based retail fuel oil supplier.

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