The Issuer will not pay accrued interest for any periods following the applicable Settlement Date in respect of any Notes accepted for purchase pursuant to the Offer. The applicable Consideration will be payable in U.S. If the Issuer does not, in its sole discretion, elect to pay for such tendered Notes prior to the Expiration Date, then the Early Settlement Date will be the same as the Final Settlement Date (as defined herein). Holders validly tendering and not withdrawing Notes on or before the Early Tender Date will, if the Issuer so elects, be eligible to receive the Total Consideration (including the Early Tender Premium) on a date expected to be the second business day following the Early Tender Date (the " Early Settlement Date"), but which may be changed without notice. In respect of any Notes validly tendered and accepted for purchase by the Issuer, the Total Consideration and the Tender Offer Consideration (collectively, the " Consideration") do not include accrued interest from the last interest payment date through the applicable Settlement Date (as defined below), which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable. Holders who validly tender (and do not validly withdraw) their Notes after the Early Tender Date and on or prior to the Expiration Date will only receive the Tender Offer Consideration (as defined below), subject to the Maximum Aggregate Purchase Price. Holders who validly tender (and do not validly withdraw) their Notes at or prior to the Early Tender Date will receive the Total Consideration (as defined below), which includes the Early Tender Premium indicated in the table below, with respect to Notes validly tendered (and not validly withdrawn) and accepted for purchase subject to the Maximum Aggregate Purchase Price. The Offer will expire at 5:00 p.m., New York City time, on November 14, 2023, unless extended or earlier terminated (such time, as may be extended, the " Expiration Date"). The " Tender Offer Consideration" means, for each U.S.$1,000 principal amount of Notes validly tendered and accepted by the Issuer, the Total Consideration minus the Early Tender Premium. The Total Consideration includes the Early Tender Premium. " Total Consideration" means, for each U.S.$1,000 principal amount of Notes validly tendered and accepted by the Issuer, a cash payment to be determined in the manner described in the Offer to Purchase by reference to the Fixed Spread plus the Reference Yield of the specified Reference Security as quoted on the Reference Page at the Price Determination Date. (3) The Early Tender Premium will be payable to holders who validly tender Notes at or prior to the Early Tender Date. ![]() (2) The Fixed Spread is inclusive of a cash payment (the " Early Tender Premium") of U.S.$50.00 per U.S.$1,000 principal amount of Notes tendered at or prior to 5:00 p.m., New York City time, on Octo(the " Early Tender Date"). (New York City time) on October 27, 2023, unless extended by the Issuer in its sole discretion (such date and time, as the same may be extended with respect thereto, the " Price Determination Date"). Treasury reference security specified in the table above (the " Reference Security") as quoted on the Bloomberg reference page specified in the table above (the " Reference Page") as of 11:00 a.m. ![]() (1) Consideration in the form of cash per U.S.$1,000 principal amount of Notes that are validly tendered, will be calculated in accordance with the formula set forth in Annex 1 to the Offer to Purchase, based on the fixed spread specified in the table above (the " Fixed Spread") for the Notes, plus the yield (the " Reference Yield") based on the bid-side price of the U.S. ![]() The following table summarizes certain pricing terms of the Offer: ![]() The Offer to Purchase more fully sets forth the terms of the Offer. 16, 2023 /PRNewswire/ - Interchile S.A., a sociedad anĂ³nima organized and existing under the laws of Chile (the " Issuer"), announced today that it has commenced a cash tender offer (the " Offer") on the terms and subject to the conditions set forth in the Issuer's Offer to Purchase dated the date hereof (the " Offer to Purchase") in respect of its outstanding 4.500% Senior Secured Notes due 2056 (the " Notes"), for an aggregate purchase price (excluding accrued interest) of up to $160,000,000 (as it may be increased or decreased by the Issuer in accordance with applicable law, the " Maximum Aggregate Purchase Price"). COMMENCES TENDER OFFER IN RESPECT OF ITS 4.500% SENIOR SECURED NOTES DUE 2056 FOR AN AGGREGATE PURCHASE PRICE OF UP TO $160 MILLION
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