The maturity date for the New Notes is October 27, 2020 (the "Maturity Date"). Interest on the New Notes will accrue from October 28, 2016 and will be payable on each October 27 and April 27, commencing on April 27, 2017. Principal payments on the New Notes will be payable in four equal installments on October 27, 2017, October 27, 2018, October 27, 2019 and on the Maturity Date.
The New Notes are secured by a first-priority security interest on 50.1% of the capital stock of CITGO Holding, Inc. and are unconditionally and irrevocably guaranteed by PDVSA Petróleo, S.A.
The Exchange Offers were made pursuant to the Offering Circular dated September 16, 2016, as supplemented by the Supplement dated September 26, 2016 (the "Offering Circular"), which sets forth the terms and conditions of the Exchange Offers, including the consideration paid as a result of the exchange. Capitalized terms not defined herein have their meanings set out in the Offering Circular. This press release is neither an offer to purchase nor a solicitation to buy any securities, nor is it a solicitation for acceptance of the Exchange Offers.
D.F. King & Co., Inc. has been appointed as the information agent and the exchange agent for the Exchange Offers. Holders of the Existing Notes may obtain copies of the Offering Circular from D.F. King & Co., Inc. by accessing the website https://sites.dfkingltd.com/pdvsa. Holders of the Existing Notes may contact the information agent in New York: (800) 431-9646 (toll free) or (212) 269-5550 (banks and brokerage firms), in London: +44 20 7920-9700 or e-mail at email@example.com. The CUSIPs/ISINs for the New Notes are 716558 AH4/US716558AH40 (Rule 144A) and P7807H AV7/USP7807HAV70 (Regulation S).
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pdvsa-announces-settlement-of-the-exchange-offers-of-its-outstanding-5250-senior-notes-due-2017-and-850-senior-notes-due-2017-for-new-850-senior-secured-notes-due-2020-300353519.html