SANTIAGO, Chile, April 11, 2016 /PRNewswire/ -- Sociedad de Inversiones Pampa Calichera S.A. ("Pampa Calichera") announced today the closing of its previously announced tender offer (the "Tender Offer") of up to U.S.$70 million in aggregate principal amount of its outstanding 7.75% Senior Secured Notes due 2022 (Rule 144A: CUSIP No. 83363TAA1 and ISIN US83363TAA16; Regulation S: CUSIP No. P8716HAA1 and ISIN USP8716HAA16) (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time on April 8, 2016 (the "Expiration Time"). As of the Expiration Time, a total aggregate principal amount of $18,644,000 Notes was tendered and accepted for purchase. Pampa Calichera expects settlement to occur on April 12, 2016.
The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act. The Notes were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S of the Securities Act. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption under the Securities Act and applicable state securities laws.
No Dealer Manager was used in connection with the Tender Offer.
The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, copies of which may be obtained from Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Tender Offer, by calling (866) 807-2200 (Toll-Fee) or (212) 430-3774 (Collect).
This press release is not an offer to sell the Notes or any securities and it is not soliciting an offer to buy the Notes or any securities. Pampa Calichera has neither obtained any commitments to purchase, nor entered into any agreements, to sell any securities.
About Pampa Calichera
Pampa Calichera is a holding company whose principal corporate purpose is to invest in shares issued by SQM. For the last 20 years, Pampa Calichera's main activity has been to invest in shares of SQM. As of the date of the Offer to Purchase, Pampa Calichera owned directly and indirectly 53,671,736 Series A shares and 7,007,688 Series B shares of SQM, accounting for a total of 23.05% of its capital stock. This interest in SQM represents nearly all of Pampa Calichera's assets from which it derives its income. Pampa Calichera does not hold shares of any other operating company.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Pampa Calichera assumes no obligation to update or correct the information contained in this press release.
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SOURCE Sociedad de Inversiones Pampa Calichera S.A.