Comision Federal de Electricidad Announces Successful Results Of Consent Solicitations

MEXICO CITY, July 9, 2014 /PRNewswire/ -- Comision Federal de Electricidad ("CFE") announced today the successful completion of its previously announced consent solicitations for debt securities with an aggregate principal amount outstanding of U.S. $3 billion (the "Consent Solicitations").  Consents were obtained from holders of the requisite aggregate principal amount of each series of the outstanding debt securities for which consents were solicited pursuant to CFE's Consent Solicitation Statement dated as of June 23, 2014 (the "Consent Solicitation Statement").

CFE solicited consents to amend (the "Proposed Amendment") the indenture governing the debt securities described above to align it with proposed changes in Mexican law resulting from reforms to the Mexican energy sector that are expected to be implemented in the near future.

The Consent Solicitations expired at 5:00 p.m. (New York City time) on July 8, 2014 (the "Expiration Time").  Because the requisite consents have been received for the debt securities described above, holders of these securities may not revoke their consents.  Any holder of these securities whose validly delivered consent was accepted prior to the Expiration Time will receive a consent fee equal to 0.15% of the principal amount of the series of securities held by such holder, which CFE expects to be paid on July 15, 2014.

Promptly following the Expiration Time, CFE and the trustee under the indenture will execute a supplement to the indenture in order to effect the Proposed Amendment.

CFE has engaged Morgan Stanley & Co. LLC to act as global coordinator and solicitation agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. as solicitation agents for the consent solicitations.  D. F. King & Co., Inc. has been engaged to act as the Information and Tabulation Agent for the consent solicitations.  Any questions or requests for assistance regarding the consent solicitations may be made to Morgan Stanley at 800‑624‑1808 (U.S. toll-free), +1‑212‑761‑1057 (collect) or +44‑20‑7677‑5040 (international), BofA Merrill Lynch at 888‑292‑0070 (U.S. toll-free), +1‑646‑855‑8988 (collect) or +44‑20‑7995‑3715 (international) or Deutsche Bank at 855‑287‑1922 (U.S. toll-free), +1‑212‑250‑7527 (collect) or +44‑20‑7545‑8011 (international).  Questions or requests for assistance or additional copies of the Consent Solicitation Statement and any related documents may be directed to D. F. King & Co., Inc. at [email protected] or at 800‑769‑4414 (U.S. toll-free) or +44‑20‑7920‑9700 (international).  Copies of the Consent Solicitation Statement and any related documents are available at www.dfking.com/cfe. 

This press release is for informational purposes only and is not a solicitation of consents.  The consent solicitations are only being made pursuant to the Consent Solicitation Statement. The consent solicitations are subject to certain conditions and present certain risks for holders who consent, as set forth more fully in the Consent Solicitation Statement.

SOURCE Comision Federal de Electricidad