| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders > News item |
AES El Salvador Trust tenders for 6¾% senior guaranteed notes due 2016
By Susanna Moon
Chicago, March 14 - AES El Salvador Trust II said it began a tender offer for the outstanding 6¾% senior guaranteed notes due 2016 issued by AES El Salvador Trust, a Panamanian trust.
The total purchase price will be $1,005 for each $1,000 principal amount, including a $30 early tender premium, of notes tendered by 5 p.m. ET on March 27.
Holders who tender their notes in the offer after the early deadline will receive $975 per $1,000 of notes.
The offer will end at 11:59 p.m. ET on April 11.
The company also will pay accrued interest to but excluding the settlement date.
Tendered notes may be withdrawn by the early deadline.
Settlement is expected to occur March 28 for early tendered notes and on April 12 for those tendered after the early date.
The notes may only be redeemed under the withholding tax redemption, and there will be no notes outstanding after completion of that redemption, according to a company press release.
D.F. King & Co., Inc. (800 290-6426, email: aes@dfking.com or banks and brokers call collect 212 269-5550) is the information agent.
Barclays (attn. liability management group, 800 438-3242 or collect 212 528-7581) and Deutsche Bank Securities Inc. (855 287-1922 or collect 212 250-7257) are the dealer managers.
AES El Salvador is an indirect subsidiary of AES and Energia Global International.
The notes are guaranteed by Compania de Alumbrado Electrico de San Salvador, SA de CV, AES Clesa y Compania, S en C de CV, Empresa Electrica de Oriente, SA de CV and Distribuidora Electrica de Usulutan, SA de CV, each a company organized in El Salvador with limited liability.
© 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.