CALLAO, Peru, Jan. 27, 2015 /PRNewswire/ -- Alicorp, S.A.A. ("Alicorp" or the "Company") (Lima Stock Exchange: ALICORC1 and ALICORI1) announced today the early tender results for the tender offer (the "Tender Offer") of up to U.S.$150 million in aggregate principal amount of its 3.875% Senior Notes due 2023 (CUSIP Nos. 016234AA4 and P0161KDN0) (the "Notes"). As of 5:00 p.m., New York City time, on January 26, 2015 (the "Early Tender Deadline"), holders of $86,759,000 of the Notes validly tendered and did not withdraw their Notes for purchase by Alicorp.
Alicorp expects to make payment for the Notes on or about January 29, 2015 (the "Early Tender Settlement Date"). Holders of the Notes who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Deadline will receive $972.50 for each $1,000 principal amount of such Notes (which includes an "Early Tender Premium" of $30.00 per $1,000 principal amount of the Notes), plus any accrued and unpaid interest up to, but not including, the Early Tender Settlement Date.
Alicorp also announced today that it has extended the Early Tender Premium through 11:59 p.m., New York City time, on February 9, 2015, unless otherwise extended (such time and date, as may be extended, the "Expiration Time"). Holders of Notes who validly tender and do not validly withdraw their Notes prior to the Expiration Time will be eligible to receive the Early Tender Premium. Notes validly tendered prior to the Expiration Time are currently expected to be accepted for payment promptly following the Expiration Time (the "Final Settlement Date") at a price of $972.50 per $1,000 principal amount of the Notes (which includes the Early Tender Premium), plus any accrued and unpaid interest up to, but not including, the Final Settlement Date.
The Tender Offer remains open and is scheduled to expire on the Expiration Time.
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.
Alicorp has engaged BofA Merrill Lynch as the Dealer Manager for the Tender Offer. Persons with questions regarding the Tender Offer should contact BofA Merrill Lynch at (888) 292-0070 (Toll-Free) or (646) 855-8988 (Collect).
The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, copies of which may be obtained from D.F. King & Co., Inc. ("D.F. King"), the Information Agent and Tender Agent for the Tender Offer, by contacting D.F. King at (877) 297-1739 (Toll-Fee) or (212) 269-5550 (Collect) or email [email protected].
This press release does not constitute an offer to sell or solicitation of an offer to buy the Notes or any security, nor will there be any sale of the Notes or any such security in any jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Alicorp is a leading consumer goods company headquartered in Peru, with operations in other Latin American countries, such as Argentina, Brazil, Chile, Ecuador, and exports to 23 other countries. The Company focuses on three core businesses: (1) Consumer Products (food, personal and home care products), in Peru, Brazil, Argentina, Ecuador, Colombia and other countries, (2) Industrial Food Products (industrial flour, industrial lard, pre-mix and food service products), and (3) Animal Nutrition (fish and shrimp feeding).
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions. Alicorp assumes no obligation to update or correct the information contained in this press release.
SOURCE Alicorp, S.A.A.