Globo Comunicacao plans tender for $525 million notes due 2025, 2027

By Devika Patel

Knoxville, Tenn., Jan. 4 – Globo Comunicacao e Participacoes SA launched a tender offer to purchase for cash any and all of its $325 million 4.843% senior notes due 2025 (Cusip: 37957TAK7) and any and all of its $200 million 5 1/8% senior notes due 2027 (Cusip: 37959DAA2), according to a news release.

For each $1,000 of 2025 notes, the company will pay $1,047.50 plus interest.

For each $1,000 of 2027 notes, the company will pay $1,032.50 plus interest.

The offers expire at 5 p.m. ET on Jan. 12, and settlement is expected on Jan. 18.

The tender offers are conditional upon the company completing one or more new debt financings.

Goldman Sachs & Co. LLC (212 357-1452 or 800 828-3182), Itau BBA USA Securities, Inc. (212 710-6749 or 888 770-4828), and Morgan Stanley & Co. (212 761-1057 or 800 624-1808) are the dealer managers.

D.F. King & Co., Inc. (212 269-5550 or 800 967-5074) is the information and tender agent.

Globo Comunicacao is a communications and media group headquartered in Rio de Janeiro and a subsidiary of Grupo Globo, formerly known as Organizações Globo, is a Brazilian private multinational conglomerate corporation based in Rio de Janeiro.

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