Odebrecht Finance Ltd. Announces Expiration and Receipt of Required Consents in Its Consent Solicitation for Its 7.00% Senior Notes Due 2020
SAO PAULO, July 23, 2012 /PRNewswire/ -- Odebrecht Finance Ltd. ("Odebrecht Finance"), a financing subsidiary of Odebrecht S.A., announced today that it has received the required consents from the holders of its 7.00% Senior Notes due 2020 (the "Notes") (CUSIP Nos. 675758AC0 and G6710EAD2) to implement certain proposed amendments (the "Proposed Amendments") to the indenture governing the Notes (the "Indenture"), pursuant to its previously announced solicitation of consents (the "Consent Solicitation"). The Consent Solicitation expired at 5:00 p.m. (New York City time) on July 23, 2012 (the "Expiration Time").
As of the Expiration Time, Odebrecht Finance received consents with respect to more than a majority of the aggregate principal amount of the Notes (not including any Notes that are owned by Odebrecht Finance or any of its affiliates). Accordingly, Odebrecht Finance will enter into a supplemental indenture to the Indenture containing the Proposed Amendments. Odebrecht Finance will remit payment for the Consent Solicitation to the Information Agent within five business days of the Expiration Time, who will transmit such payment to those holders of the Notes in respect of which consent letters and consents to the Proposed Amendments were delivered prior to the Expiration Time.
The Information Agent for the Consent Solicitation was:
D.F. King & Co., Inc.
Banks and Brokers call: +1 (212) 269-5550 (collect)
All others call toll-free: +1 (800) 488-8035
E-mail: [email protected]
The Solicitation Agents for the Consent Solicitation were: Deutsche Bank Securities Inc. at +1 (212) 250-2955 (collect) or +1 (866) 627-0391 (toll-free); and Goldman, Sachs & Co. at +1 (212) 902-5183 (collect) or +1 (800) 828-3182 (toll-free).
THIS PRESS RELEASE IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO BUY ANY NOTE. THIS ANNOUNCEMENT IS ALSO NOT A SOLICITATION OF CONSENTS TO THE PROPOSED AMENDMENTS.
SOURCE Odebrecht Finance Ltd.
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