LIMA, Peru, Sept. 25, 2013 /PRNewswire/ -- Grupo ACP Inversiones y Desarrollo ("Grupo ACP") announced today that in connection with the Consent Solicitation dated September 13, 2013, it will pay an increased consent fee for the solicitation of consents (the "Consent Solicitation") from holders of record as of September 12, 2013 (the "Holders") of its outstanding $85.0 million aggregate principal amount of 9.00% Notes due 2021 (the "Notes") (ISIN XS0611909291, Common Code: 061190929) for the purposes of obtaining waivers (the "Proposed Waivers"), for certain defaults under the Indenture, dated as of March 30, 2011, as amended by the first supplemental indenture, dated as of March 21, 2013, by and among Grupo ACP, as issuer, Citibank, N.A., London Branch, as trustee, registrar and paying agent (the "Trustee"), and Dexia Banque Internationale a Luxembourg, societe anonyme, as Luxembourg transfer agent and paying agent, governing the Notes.
The Proposed Waivers require the consent of Holders as of the Record Date (as defined below) of a majority in aggregate principal amount of the Notes outstanding. Grupo ACP will pay an increased consent fee of US$3.75 in cash for each US$1,000 principal amount of Notes for which consents are properly delivered and not revoked on or prior to 5:00 p.m., Central Europe time, on September 26, 2013 (the "Consent Date"), unless it is extended by Grupo ACP, in its sole discretion.
Except as described in this release, all terms and conditions of the Consent Solicitation are unchanged and as described in the consent solicitation statement dated September 13, 2013 (the "Consent Solicitation Statement"), which has been previously sent to all Holders of record as of 5:00 p.m. Central Europe time, on September 12, 2013 (the "Record Date"). Any questions regarding the Consent Solicitation or requests for assistance in delivering Consents or requests for additional copies of the Consent Solicitation Statement or other related documents should be directed to Bondholder Communications Group, LLC., the information and tabulation agent, at: +44 (0) 20 7382-4580 (London) or +1 (212) 809-2663 (New York); or to Citigroup Global Markets Inc., the Solicitation Agent at (800) 558-3745 (U.S. toll free) or (212) 723-6108 (collect), Attn: Liability Management Group.
Forward Looking Statements
This press release is for informational purposes only. The Consent Solicitation is only being made pursuant to the consent solicitation documents, including the Consent Solicitation Statement, which has been previously distributed to Holders of the Notes. The Consent Solicitation is not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
About Grupo ACP
Grupo ACP is a leading financial services holding company focused on micro businesses in Peru, Mexico, Brazil and other Latin American countries. It is organized as an asociacion civil sin fines de lucro (not-for-profit association) headquartered in Lima, Peru.
CONTACT: Harry Rowe, 44-20-7382-4580, [email protected]
SOURCE Grupo ACP