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Nautilus commences tender offer for 5 7/8% notes due 2027
Chicago, Aug. 19 – Nautilus Inkia Holdings SCS (formerly known as Nautilus Inkia Holdings LLC), Nautilus Distribution Holdings LLC and Nautilus Isthmus Holdings LLC started a cash tender offer on Friday evening for the issuers’ 5 7/8% senior notes due 2027 (Cusip: 45721RAC7), according to a press release.
The offer is to buy up to $200 million aggregate purchase price of the notes.
The total consideration offered is $990 per $1,000 note, inclusive of a $50 early tender premium that will not be paid to noteholders who tender their notes after the early deadline.
Unpaid interest will also be paid to the applicable settlement date.
The early deadline is 5 p.m. ET on Sept. 1. This is also the withdrawal deadline.
The offer expires at 11:59 p.m. ET on Sept. 16.
Early settlement is expected for Sept. 7 and final settlement is scheduled for Sept. 20.
Tenders may be prorated.
Credit Suisse Securities (USA) LLC (800 820-1653, 212 538-2147), Santander Investment Securities Inc. (855 404-3636, 212 940-1442) and SMBC Nikko Securities America, Inc. (888 284-9760, 212 224-5328) are the dealer managers.
D.F. King & Co., Inc is the information and tender agent for the offer (866 864-4943, 212 269-5550, inkia@dfking.com).
Based in Lima, Peru, Inkia is a power generation and distribution company with facilities in Latin America and the Caribbean.
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