Globo Comunicacao receives $371.86 million in tendered 2025, 2027 notes

By Mary-Katherine Stinson

Lexington, Ky., Jan. 13 – Globo Comunicacao e Participacoes SA announced the results of its tender offer to purchase for cash any and all of its $325 million 4.843% senior notes due 2025 (Cusip: 37957TAK7) and any and all of its $200 million 5 1/8% senior notes due 2027 (Cusip: 37959DAA2) which expired at 5 p.m. ET on Jan. 12.

According to a company press release, $226,942,000 of the 2025 notes and $144,913,000 of the 2027 notes were validly tendered before the deadline.

No notes were tendered pursuant to guaranteed delivery procedures.

Settlement is expected in same-day funds on Jan. 18.

As previously reported, the company will pay $1,047.50 plus interest for each $1,000 of the 2025 notes and $1,032.50 plus interest per each $1,000 of the 2027 notes.

The tender offers were conditioned upon the company completing one or more new debt financings.

Goldman Sachs & Co. LLC (212 357-1452 or 800 828-3182), Itau BBA USA Securities, Inc. (212 710-6749 or 888 770-4828), and Morgan Stanley & Co. (212 761-1057 or 800 624-1808) were the dealer managers.

D.F. King & Co., Inc. (212 269-5550 or 800 967-5074) was the information and tender agent.

Globo Comunicacao is a communications and media group headquartered in Rio de Janeiro and a subsidiary of Grupo Globo, formerly known as Organizações Globo, a Brazilian private multinational conglomerate corporation based in Rio de Janeiro.

© 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.