Hunt Oil of Peru starts tender offer for any and all 6 3/8% notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 5 – Hunt Oil Co. of Peru LLC, Sucursal del Peru began a cash tender offer to purchase any and all of its $499.2 million outstanding 6 3/8% trust enhanced senior notes due 2028 (Cusips: 445640AB1, P5300PAB), according to a notice.

The company is offering a consideration of $977.50 per $1,000 original principal amount multiplied by a scaling factor of 83.2% resulting from the notes having been partially amortized. The notes were issued in a $600 million original principal amount.

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

The offer expires at 8 a.m. ET on Sept. 12. Tenders may be withdrawn up to the expiration time. Settlement is expected on Sept. 19.

Consummation of the offer is subject to conditions, including closing of a concurrent offering by the company of new notes.

The offer is not subject to a minimum tender condition.

BofA Securities, Inc. (888 292-0070 or 646 855-8988), Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106), Credicorp Capital SAB SA (511 416-3333) and J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279) are the dealer managers.

Global Bondholder Services Corp. (855 654- 2015, 212 430-3774 or contact@gbsc-usa.com) is the information and tender agent.

Lima, Peru-based Hunt is a natural gas company.

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