Inversiones Alsacia S.A. Announces Successful Completion Of Its Consent Solicitation
SANTIAGO, Chile, Oct. 21, 2013 /PRNewswire/ -- Inversiones Alsacia S.A. ("Alsacia") announced today that it received and accepted consents from the holders of approximately 89.7% of the outstanding principal balance of its 8.00% Senior Secured Notes due 2018 (the "Notes"), as well as 100% of its counterparties for foreign currency hedge agreements relating to such Notes. As a result, Alsacia successfully obtained approval for the waiver of the defaults, events of default, early amortization events and other covenants under the Indenture, dated as of February 18, 2011, as supplemented, described in the Amended and Restated Consent Solicitation Statement, dated September 25, 2013, as supplemented on October 3, 2013, October 10, 2013 and October 14, 2013. The waiver is now in full force and effect.
BofA Merrill Lynch acted as the solicitation agent for the consent solicitation. Global Bondholder Services Corporation acted as the information and tabulation agent for the consent solicitation. Information regarding the consent solicitation may be obtained by contacting BofA Merrill Lynch, One Bryant Park, New York, New York 10036, Attention: Debt Advisory. The solicitation agent may be reached by telephone at (888) 292-0070 (toll-free) or (646) 855-3401 (collect).
ABOUT ALSACIA
Alsacia, together with its affiliate, Express de Santiago Uno S.A. ("Express"), are collectively the largest operator in the Transantiago Transportation System, transporting approximately 800,000 passengers every day, throughout 35 communities in Santiago, which accounts for more than 30% of the passengers in Transantiago. Alsacia and Express belong to an international holding company with interests in public passenger transportation, environmental solutions, outsourcing services and real estate development in Chile, Colombia, Panama, Peru and the United States of America.
SOURCE Inversiones Alsacia S.A.
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