BRITISH VIRGIN ISLANDS, British Overseas Territory, Jan. 26, 2017 /PRNewswire/ -- The Central America Bottling Corporation ("CBC" or the "Company") today announced that its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding 6.750% Senior Guaranteed Notes due 2022 (the "Notes") expired yesterday and that today it accepted Notes for purchase for an aggregate principal amount of US$236,597,000, representing 78.87% of the aggregate principal amount of the Notes outstanding, excluding Notes tendered through the guaranteed delivery procedures.
The Company also announced that the Financing Condition (as defined in the Offer to Purchase dated January 17, 2017 (the "Offer to Purchase")) has been met. The Company has accepted for payment all Notes validly tendered. Holders that validly tendered their Notes will receive $1,036.55 for each $1,000 principal amount of Notes, plus any accrued and unpaid interest up to, but excluding, January 31, 2017 (the "Settlement Date").
Upon the terms and subject to the conditions specified in the Offer to Purchase, the Company expects to make payment for the Notes, including Notes delivered in accordance with the guaranteed delivery procedures, in same-day funds on the Settlement Date.
The Company has delivered a redemption notice for all outstanding Notes pursuant to the terms of the indenture governing the Notes, and all remaining Notes not purchased pursuant to the Tender Offer will be redeemed on February 17, 2017.
The Company has retained Citigroup Global Markets Inc. and J.P. Morgan Securities LLC to serve as the dealer managers for the Tender Offer. Questions regarding the Tender Offer may be directed to Citigroup Global Markets Inc. at Attn: Liability Management Group, (800) 558-3745 (toll-free), (212) 723-6106 (collect), email@example.com, and J.P. Morgan Securities LLC at Attn: Latin America Debt Capital Markets, (866) 846-2874 (toll-free), (212) 834-7279 (collect).
This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase or sell the Notes or any other securities, nor shall there be any purchase of our Notes in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Tender Offer is being made solely pursuant to the Offer to Purchase, the related Letter of Transmittal and the Notice of Guaranteed Delivery, which set forth the complete terms of the Tender Offer.
The ISIN and CUSIP for the Notes are as follows:
Rule 144A: ISIN No. US15238XAA72; CUSIP No. 15238XAA7 Regulation S: ISIN No. USG20011AA39; CUSIP No. G20011AA3
Forward Looking Statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
About The Central America Bottling Corporation
The Central American Bottling Corporation produces, distributes and markets beverage products that include brands owned by PepsiCo and Ambev, and its proprietary brands, including its wellness brand LivSmart.
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SOURCE The Central America Bottling Corporation