Croatia’s Hrvatska Elektroprivreda extends tender offer for 6% notes

By Susanna Moon

Chicago, Oct. 14 – Hrvatska Elektroprivreda dd said it extended the tender offer for its $500 million 6% notes due Nov. 9, 2017.

The tender offer now will run until 5 p.m. ET on Oct. 15, extended from 5 p.m. ET on Oct. 14, according to a company notice. The offer began Oct. 7.

As previously announced, the purchase price will be $1,063.75 for each $1,000 principal amount of notes plus accrued interest up to but excluding the settlement date of Oct. 23, extended from Oct. 21.

Banca IMI SpA (+39 02 72615938 or liability.management@bancaimi.com), Morgan Stanley & Co. International plc (+44 (0) 207 425 9392, 800 624-1808, 212 761-1057 or liabilitymanagementeurope@morganstanley.com) and UniCredit Bank AG (+49 89 378 13722 or corporate.lm@unicredit.de) are the dealer managers. Lucid Issuer Services Ltd. (Thomas Choquet, +44 207 704 0880 or hep@lucid-is.com) is the tender agent.

The tender offer is conditioned on the pricing of a new notes issue.

The company is tendering for the notes to “proactively manage the offeror’s debt maturity profile and repayment schedule,” according to a previous company press release.

Hrvatska Elektroprivreda is a national power company based in Zagreb, Croatia.

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