Guacolda Energia offers to buy 2025 notes for up to $80 million

By Marisa Wong

Los Angeles, March 14 – Chile’s Guacolda Energia SpA announced it has begun a tender offer to purchase for cash its 4.56% senior notes due 2025 (Cusip: 29244UAF5, P3711HAF6) for an aggregate purchase price up to $80 million, excluding accrued interest.

There is $407,149,000 principal amount of the notes outstanding as of March 13.

The company is offering a total consideration of $450 per $1,000 principal amount.

The total consideration includes an early tender premium of $50 per $1,000 of notes tendered by the early tender time.

Holders tendering after the early tender time will only be eligible to receive the tender offer consideration of $400 per $1,000 of notes.

The company will also pay accrued interest to but excluding the applicable settlement date.

Tendered notes may be subject to proration if the offer cap is exceeded.

The early tender time and withdrawal deadline are at 5 p.m. ET on March 24.

Early settlement is expected to occur on March 28.

The tender offer will expire at 5 p.m. ET on April 11.

Final settlement will be on the second business day after the expiration date.

BofA Securities, Inc. (800 292-0070 or 646 855-8988) is the dealer manager for the tender offer.

The tender and information agent is D.F. King & Co., Inc. (866 207-2239).

The power generation company is based in Santiago, Chile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.