FESCO announces early bird tender results for Senior Secured Notes due 2018 and 2020
As at the early tender time (being 10.00 p.m., London time / 5:00 p.m., New York time on 17 April 2015), the aggregate principal amount of the 2018 Notes and 2020 Notes validly tendered pursuant to the offer was equal to U.S.$128.65m and U.S.$88.85m, respectively. In total, as at the early tender time noteholders had tendered U.S.$217.51m in aggregate principal amount of both issues of Notes.
Additionally, the Company hereby makes the following amendments to the offer:
(i) The Company increases the maximum payment amount from U.S.$85m to U.S.$ 130m.
(ii) The offer is extended so that the expiration time will be 10.00 p.m., London time (5:00 p.m., New York time), on 4 May 2015 (subject to the right of the Company, at its sole discretion, to amend, extend,
The Company launched the cash tender offer targeting its $550 mln 8.00% Senior Secured Notes due 2018 and $325 mln 8.75% Senior Secured Notes due 2020 on 31 March 2015. A comprehensive description of the terms of the offer is presented in the offer to purchase dated 31 March 2015 and an announcement dated 7 April 2015.
For any further information regarding the offer, please contact:
(iii) Requests for documents may be directed to the Tender Agent,
(iv) Questions regarding the Offer may be directed to the Dealer Manager, at +44 20 7677 5040 outside the U.S. and at (800) 624–1808 (toll free) or (212) 761–1057 (collect) in the U.S or by emailing email@example.com.
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