Ukraine's Mriya gets tenders for $178.36 million 10.95% notes so far

By Susanna Moon

Chicago, April 11 - Ukraine's Mriya Agro Holding Public Ltd. said holders had tendered about $178,364,000 of its $250 million of 10.95% notes due 2016 by the early tender deadline at 5 p.m. ET on April 10.

The tender offer will continue until 5 p.m. ET on April 24, but tendered notes may no longer be withdrawn. The offer began on March 27.

As announced, the company will pay $1,067.50, including a $30.00 early tender premium, for each $1,000 principal amount of notes tendered by the early tender deadline.

Holders who tender their notes after the early deadline will receive the total amount less the early premium.

Mriya Agro will also pay accrued interest to the settlement date of April 25.

The company previously said it planned to use proceeds from a new dollar-denominated bond offering to finance the tender offer.

Credit Suisse Securities (Europe) Ltd. (44 20 7883 7161 or liability.management@credit-suisse.com) and Goldman Sachs International (44 20 7774 9862 or liabilitymanagement.eu@gs.com) are the dealer managers.

Lucid Issuer Services Ltd. is the tender agent (44 20 7704 0880; attn: Thomas Choquet/Sunjeeve Patel at mriya@lucid-is.com).

Mriya Agro is an agricultural business based in the Ternopil region of Ukraine.

© 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.