San Miguel Industrias PET SA broadcasts the expiration and the ultimate outcomes of the decision for tenders of its public tender supply 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”) in the present day introduced the expiration and closing outcomes of its beforehand introduced public tender supply 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 whole principal quantity of Notes deposited earlier than the Early Deposit Date and bought on the Early Settlement Date, an extra quantity $ 350,000 complete principal quantity (the “Extra 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 can 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 Extra 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 “Closing Settlement Date”). On the Closing Settlement Date, the Firm will even pay accrued and unpaid curiosity on Extra Deposited Notes from the final relevant curiosity cost date for Extra Deposited Notes as much as, however excluding, the Closing Settlement Date.

The Firm’s obligation to pay for the Deposited Notes is topic to the satisfaction or waiver of sure circumstances, 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 ample 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 Extra Submitted Bonds in addition to the Bonds beforehand bought by the Firm inside the framework of the Tender Supply and the Solicitation of Consents complete an mixture principal quantity of $ 204,960,000, or roughly 68.32% of the unique excellent principal of the notes. We intend to problem 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 share 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 problem a discover of redemption of the Notes.

The Firm has retained the companies 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 concerning 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 america) , +1 (212) 723-6106 (accumulate) 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 (accumulate) and / or JP Morgan Securities LLC Consideration: Latin America Debt Capital Markets, +1 (866) 846-2874 (toll free in america), +1 (212) 834-7279 (accumulate) and / or Santander Funding Securities Inc Consideration: Legal responsibility Administration Staff, +1 (855) 404-3636 (toll free in america), +1 (212) 940-1442 (accumulate). Requests for paperwork could be directed to International Bondholder Providers Company, the data agent for the tender supply, at +1 (212) 430-3774 (accumulate) or +1 (866) 470 -4300 (toll free in america).


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

The take-over bid and the solicitation of consent don’t represent a proposal or a solicitation by any particular person in any jurisdiction by which such a proposal or solicitation will not be approved by legislation or by which the particular person making such a proposal or solicitation will not be certified to take action or to any particular person in opposition to whom it’s unlawful to make such a proposal or solicitation.

In any jurisdiction by which the take-over bid and solicitation of consent should be made by a licensed dealer or dealer and by which the managers of sellers, or any associates thereof, are so approved, the take-over bid and the solicitation of consent shall be deemed to have been made by such seller 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 beneath the Competing US Greenback Supply haven’t been and won’t be registered beneath the US Securities Act of 1933, as amended. (the “Securities Act”), and will not be supplied or bought in United States or to any particular person in america and not using a registration or relevant exemption from the registration necessities of the Securities Act.

Ahead-looking statements

This press launch comprises 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 which may be made to replicate occasions or circumstances after the date hereof, together with, with out limitation, adjustments in our enterprise or our acquisition technique or deliberate capital expenditures, or to replicate the prevalence of unexpected occasions.

About SMI

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

We offer integral packaging options utilizing state-of-the-art know-how and one of the best 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 higher meet their wants (reminiscent of excessive efficiency and specialised product improvement, inside operations implementation and different price discount options) . In consequence, now we have 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 embrace 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.

SOURCE San Miguel Industrias PET SA

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