Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credivalores-Crediservicios SA > News item |
Credivalores offers to exchange any and all 8˝% notes due 2022
Chicago, Oct. 4 – Colombia’s Crediservicios SA (Credivalores) started an offer to exchange any and all of its $50 million outstanding 8˝% notes due 2022 (ISIN: XS2337444686), according to an announcement.
There is a minimum acceptance amount of $25 million for the offer.
Credivalores is offering $1,020 in new notes for each $1,000 of existing notes, plus accrued interest payable in cash.
The new notes are being offered and sold only under Regulation S.
The purpose of the tender offer is to improve the company’s financial condition, extend the debt maturity profile, improve cash flow management, enhance ability to satisfy debt obligations and maintain loan origination.
The offer expires at 11 a.m. ET on Oct. 11.
Settlement is anticipated for Oct. 18.
ProCapital SBSA is acting as the dealer manager for the exchange offer (+59 82 60 41 414, info@procapital.pro).
D.F. King & Co., Inc. is the information and exchange agent for the offer (+44 20 7920 9700, crediservicio@dfking.com, https://sites.dfkingltd.com/crediservicios).
The financial services company is based in Bogota, Colombia.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.