Argentina's Autopistas del Sol extends notes tender offer to July 2

By Caroline Salls

Pittsburgh, June 29 - Autopistas del Sol SA has extended the modified Dutch auction tender offer for its $155 million of notes due 2017 to 5 p.m. ET on July 2 from June 26, according to a company news release.

The company also extended the deadline for withdrawal of tenders to June 30, according to the release.

As previously reported, the company will spend up to $5 million plus accrued interest in the offer. Autopistas del Sol said it had received offers for $472,000 of notes as of June 26.

Holders are invited to submit prices they will accept within the range of $230 to $280 per $1,000 principal amount.

Tenders will be accepted moving upward from that starting price until Autopistas del Sol has reached the $5 million amount it intends to spend. All holders whose bonds are purchased will receive the same price.

Global Bondholder Services Corp. is the information agent (call collect 212 430-3774 or 866 387-1500).

Autopistas del Sol is a Buenos Aires-based transportation company.

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