MEXICO CITY, Aug. 3, 2015 /PRNewswire/ -- Grupo IDESA, S.A. de C.V. ("Grupo IDESA") announced that with respect to its previously announced consent solicitation ("Consent Solicitation") it has received the required consents to implement certain proposed amendments to the indenture (the "Proposed Amendments") governing its 7.875% Notes due 2020 (the "Securities"). The Consent Solicitation expired at 5:00 p.m. (New York City time) on July 31, 2015 (the "Expiration Time").
As of the Expiration Time, Grupo IDESA received consents with respect to more than a majority of the aggregate principal amount of the Securities outstanding. Accordingly, Grupo IDESA has executed a supplemental indenture to the Indenture containing the applicable Proposed Amendments. Grupo IDESA expects to make payment for the Consent Solicitation on Thursday August 6th, 2015. The supplemental indenture will become operative only when Grupo IDESA has paid in the consent fee.
The Solicitation Agent for the Consent Solicitation is:
Morgan Stanley & Co. LLC
1585 Broadway, Floor 04
New York, New York 10036
The Information Agent for the Consent Solicitation is:
D.F. King & Co., Inc.
Banks and Brokers call: +1 (212) 269-5550 (collect)
All others call toll-free: +1 (866) 388-7452
Any questions or requests for assistance or for copies of the Consent Documents or related documents may be directed to the Information Agent at its telephone number set forth above. A holder as of the Record Date also may contact the Solicitation Agent at the following telephone number: +1 (212) 761-1057 (collect) or +1 (800) 624-1808 (toll-free); or such holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Consent Solicitation.
THIS PRESS RELEASE IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITY. THIS ANNOUNCEMENT IS ALSO NOT A SOLICITATION OF CONSENTS TO ANY PROPOSED AMENDMENTS. NO RECOMMENDATION IS MADE AS TO WHETHER HOLDERS OF THE SECURITIES SHOULD CONSENT TO ANY PROPOSED AMENDMENTS.
Grupo IDESA, S.A. de C.V.
Francisco Campos Herrera
Chief Financial Officer
Phone: +55 52 2789 2263
SOURCE Grupo IDESA, S.A. de C.V.