News

Colbún announces the launch of a tender offer for any and all of its international notes issued in the year 2010

September 21, 2017

There are bonds due in 2020, with an outstanding principal amount of US$500 million. The offeror and administrator of the tender offer is Merril Lynch, Pierce, Fenner & Smith Incorporated (the “Offeror”).

Colbún announced yesterday the launch of a public tender offer for any and all of its Notes issued on January 21 in the international markets, due in 2020, with an outstanding principal amount of US$500 million. The offeror and administrator of the tender offer is Merril Lynch, Pierce, Fenner & Smith Incorporated (the “Offeror”).

Colbún expects to exchange the Notes tendered by the Offeror with a new bond issuance in the international markets, for an amount equivalent to the purchased Notes, to be issued under the “144A” and “Regulation S” rules, both under the “Securities Act of 1993″ of the United States of America. With the above, the Company does not expect to obtain new proceeds from the transaction, or to modify
its indebtedness levels.

The tender offer will expire on October 18, 2017, unless extended or early terminated by the Offeror. The early tender expiration date is October 3, 2017.

The Offeror may amend, extend, terminate or withdraw the tender offer.

Further information will be given in the tender offer distributed to the holders of the Notes.

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