Bancolombia Announces Extension of Exchange Offer
MEDELLIN, Colombia, Oct. 19, 2011 /PRNewswire/ -- Bancolombia S.A. (NYSE: CIB) announced today that:
- it has extended until October 27, 2011 its offer to exchange up to $1 billion principal amount of its 5.950% Senior Notes due 2021 and up to $520 million principal amount of its 4.250% Senior Notes due 2016 which have been registered under the Securities Act of 1933 (the "New Notes") for all of its outstanding unregistered 5.950% Senior Notes due 2021 and 4.250% Senior Notes due 2016 (the "Old Notes"), and
- the exchange offer, which was previously scheduled to expire at 5:00 p.m., New York City time, on October 18, 2011, will now expire at 5:00 p.m., New York City time, on October 27, 2011, unless further extended.
Bancolombia S.A. has filed a registration statement to register the New Notes under the Securities Act of 1933. The exchange offer is being made upon the terms and subject to the conditions set forth in a prospectus dated September 15, 2011.
As of 5:00 p.m., New York City time, on October 18, 2011, $994,998,000 principal amount of the 5.950% Senior Notes due 2021 and $501,700,000 principal amount of the 4.250% Senior Notes due 2016 have been tendered and not withdrawn.
The Exchange Agent for the exchange offer is The Bank of New York Mellon.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest in the New Notes, you should read the prospectus in the registration statement and other documents the issuer has filed for the offering with the Securities and Exchange Commission for more complete information about Bancolombia S.A. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, Bancolombia S.A. or the Exchange Agent will arrange to send you the prospectus if you request it by calling the Exchange Agent at (212) 815-5788.
Tel.: (574) 4041424
Tel.: (574) 4041837
SOURCE Bancolombia, S.A.