San Miguel Industrias PET SA pronounces the expiration and the ultimate outcomes of the decision for tenders of its public tender provide and of its solicitation of consents for all of its senior secured bonds at 4.500% due in 2022

Lima, Peru, August 17, 2021 / PRNewswire / – San Miguel Industrias PET SA (“SMI”, the “Firm” or “we”) right now introduced the expiration and closing outcomes of its beforehand introduced public tender provide and solicitation of consent in accordance with the Firm’s Supply to Buy and Consent Solicitation Assertion dated July 20, 2021 (the assertion “). As well as, the Firm introduced that along with the $ 204,610,000 the overall principal quantity of Notes deposited earlier than the Early Deposit Date and bought on the Early Settlement Date, a further quantity $ 350,000 whole principal quantity (the “Further Deposited Securities”) of its 4.500% Senior Secured Notes due 2022 (the “Securities”) have been validly deposited after the early deposit date however no later than 11:59 p.m., New York Metropolis It is time August 16, 2021 (the “Expiration Interval”). Capitalized phrases used however not outlined herein may have the that means assigned to them within the Declaration.

The Firm has agreed to buy all further deposited tickets. Unitholders who’ve validly tendered their Further Contributed Notes will obtain Consideration for the Public Supply of $ 985.5 by $ 1,000 principal of banknotes deposited and accepted for buy by the Firm on or about August 17, 2021 (the “Remaining Settlement Date”). On the Remaining Settlement Date, the Firm may also pay accrued and unpaid curiosity on Further Deposited Notes from the final relevant curiosity cost date for Further Deposited Notes as much as, however excluding, the Remaining Settlement Date.

The Firm’s obligation to pay for the Deposited Notes is topic to the satisfaction or waiver of sure situations, that are additional described within the Declaration. The situation that the Firm ought to have accomplished its simultaneous providing of senior secured notes, producing internet money proceeds adequate to fund the total consideration of all of the Notes (whatever the precise quantity of Notes deposited), has been glad with the closing of NG PET R&P Latin America SA’s Supply of three.500% senior secured notes due 2028 on August 2, 2021.
The Further Submitted Bonds in addition to the Bonds beforehand bought by the Firm throughout the framework of the Tender Supply and the Solicitation of Consents whole an mixture principal quantity of $ 204,960,000, or roughly 68.32% of the unique excellent principal of the notes. We intend to concern a Refund Discover to refund tickets that stay in circulation after the ultimate settlement date on or about September 18, 2021 (the “Redemption Date”), on the redemption value, expressed as a proportion of the Principal Quantity, of 101.125%, plus accrued and unpaid curiosity on the Redemption Date. Nevertheless, this press launch doesn’t represent a discover of redemption of the Notes or an obligation to concern a discover of redemption of the Notes.

The Firm has retained the providers of Citigroup International Markets Inc., Credit score Suisse Securities (United States) LLC, JP Morgan Securities LLC and Santander Funding Securities Inc. as dealer managers and solicitation brokers for the take-over bid and solicitation of consent. Questions relating to the take-over bid and the solicitation of consent could also be directed to Citigroup International Markets Inc. on the consideration of: Legal responsibility Administration Group, +1 (800) 558-3745 (toll free in the USA) , +1 (212) 723-6106 (acquire) and / or Credit score Suisse Securities (United States) LLC Attn: Legal responsibility Administration Group, +1 (800) 820-1653 (US Toll Free), +1 (212) 538-2147 (acquire) and / or JP Morgan Securities LLC Consideration: Latin America Debt Capital Markets, +1 (866) 846-2874 (toll free in the USA), +1 (212) 834-7279 (acquire) and / or Santander Funding Securities Inc Consideration: Legal responsibility Administration Group, +1 (855) 404-3636 (toll free in the USA), +1 (212) 940-1442 (acquire). Requests for paperwork might be directed to International Bondholder Companies Company, the data agent for the tender provide, at +1 (212) 430-3774 (acquire) or +1 (866) 470 -4300 (toll free in the USA).


This press launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any securities. The take-over bid and the solicitation of consent are made solely pursuant to the Declaration and different tender provide paperwork.

The take-over bid and the solicitation of consent don’t represent a suggestion or a solicitation by any particular person in any jurisdiction during which such a suggestion or solicitation isn’t licensed by legislation or during which the particular person making such a suggestion or solicitation isn’t certified to take action or to any particular person towards whom it’s unlawful to make such a suggestion or solicitation.

In any jurisdiction during which the take-over bid and solicitation of consent should be made by a licensed dealer or dealer and during which the managers of sellers, or any associates thereof, are so licensed, the take-over bid and the solicitation of consent will probably be deemed to have been made by such supplier managers, or such associates, on behalf of the Firm.

The brand new Firm and NG PET R&P Latin America SA Notes supplied and bought below the Competing US Greenback Supply haven’t been and won’t be registered below the US Securities Act of 1933, as amended. (the “Securities Act”), and is probably not supplied or bought in United States or to any particular person in the USA with out a registration or relevant exemption from the registration necessities of the Securities Act.

Ahead-looking statements

This press launch accommodates forward-looking statements. Precise outcomes could differ materially from these mirrored in forward-looking statements. We assume no obligation to publicly disclose the results of any revisions to those forward-looking statements that could be made to replicate occasions or circumstances after the date hereof, together with, with out limitation, modifications in our enterprise or our acquisition technique or deliberate capital expenditures, or to replicate the incidence of unexpected occasions.

About SMI

We’re the chief in inflexible plastic packaging options in Hispanic America, serving main multinational shopper packaged items (“CPG”) firms within the beverage, meals, private care and residential industries with a presence within the markets during which we function. With a historical past spanning over 20 years of working within the plastic container trade at Latin America, by our distinctive dedication to excellence and our vocation for customer support, we’ve constructed a scalable and various platform for packaging options within the area.

We offer integral packaging options utilizing state-of-the-art expertise and the perfect resin to create merchandise that meet the very best high quality requirements (compliant with FDA tips and international CPG requirements). Then, we work with our shoppers to develop tailored options to raised meet their wants (equivalent to excessive efficiency and specialised product growth, inner operations implementation and different price discount options) . In consequence, we’ve turn into a dependable one-stop-shop able to offering full options in all of our markets: Peru, Colombia, Ecuador, Mexico, central America and the Caribbean (which incorporates operations in El Salvador, Guatemala and Panama), South Cone (which incorporates operations in Argentina and Chile) and Bolivia. Our packaging options embody a variety of polyethylene terephthalate (“PET”) and excessive density polyethylene bottles, PET preforms, closures and thin-walled merchandise (thermoforming and sheet extrusions), we additionally produce recycled PET resin and flakes that we use. in our PET preforms and thin-walled PET merchandise, and we promote as uncooked materials.

Present authentic content material: for-all-and-all-its-4-500-guaranteed-notes-senior-due-2022–301357032.html

SOURCE San Miguel Industrias PET SA

About Edith J.

Check Also

Omega Healthcare: Be grasping when others are afraid (OHI)

shining stars / E+ by way of Getty Pictures Funding thesis and background Omega Healthcare …