OAS S.A. Announces Expiration And Receipt Of Required Consents In Consent Solicitation For OAS Investments GmbH's 8.25% Senior Notes Due 2019

SAO PAULO, Oct. 15, 2014 /PRNewswire/ -- OAS S.A. (the "Company") announced today that OAS Investments GmbH (the "Issuer"), a financing subsidiary of the Company, has received the required consents in its previously announced solicitation of consents (the "Consent Solicitation") from the Holders of the Issuer's 8.25% Senior Notes due 2019 (the "2019 Notes") to implement certain proposed amendments (the "Proposed Amendments") to the indenture governing the 2019 Notes (the "2019 Notes Indenture").  The Consent Solicitation expired at 5:00 p.m., New York City time, on October 15, 2014 (the "Expiration Time").

As of the Expiration Time, the Issuer received consents with respect to a majority of the aggregate principal amount of the 2019 Notes outstanding (excluding any 2019 Notes that are owned by the Issuer, the Company or any of their affiliates).  Accordingly, the Issuer, the Company and the trustee have entered into a supplemental indenture to the 2019 Notes Indenture containing the Proposed Amendments.  The payment for the consents validly received on or prior to the Expiration Time will be paid as promptly as practicable following the Expiration Time.   

The Information Agent for the Consent Solicitation was D.F. King & Co., Inc. Requests for documents relating to the Consent Solicitation may be directed to D.F. King & Co. Inc. at +1 (212) 269-5550 (collect), +1 (800) 870-0126 (toll free) or [email protected]. The Solicitation Agents for the Consent Solicitation were HSBC Securities (USA) Inc. ("HSBC") and Santander Investment Securities Inc. ("Santander"). Questions regarding the Consent Solicitation may be directed to HSBC at +1 (212) 525‑5552 (collect) or +1 (888) HSBC-4LM (toll free) or Santander at +1 (212) 940-1442.

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 THE PROPOSED AMENDMENTS.

About the Company

The Company, including its subsidiaries (collectively, "OAS"), is among the largest and most experienced infrastructure companies in Brazil, focusing its operations on heavy engineering for both public and private clients and equity investments in infrastructure projects, which principally include concessions granted by governmental authorities and projects sponsored by public or private clients as well as public private sector partnerships, or PPPs. Since incorporation in 1976, OAS has executed many sizeable infrastructure projects and more than 1,700 large-scale construction works in Latin America and Africa across a variety of industry sectors.

Statement Regarding Forward-Looking Statements

This press release includes forward-looking statements. All statements, other than statements of historical fact, included in this press release regarding OAS are forward-looking statements. The words "aim," "anticipate," "believe," "continue," "estimate," "expect," "future," "help," "intend," "may," "plan," "shall," "should," "will" or the negative or other variations of them as well as other statements regarding matters that are not historical fact, are or may constitute forward-looking statements. The Company has based these forward‑looking statements on its management's current view with respect to future events and financial performance. These views reflect the best judgment of management but involve a number of risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those predicted in such forward-looking statements and from past results, performance or achievements. All forward‑looking statements contained in this press release are qualified in their entirety by this cautionary statement. The Company does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE OAS S.A.