Peru’s Ferreycorp gets early tenders for $206.26 million 4 7/8% notes

By Susanna Moon

Chicago, June 9 – Ferreycorp SAA said investors had tendered $206.26 million principal amount, or 73.06%, of its $282,333,000 outstanding 4 7/8% senior guaranteed notes due 2020 as of 5 p.m. ET on June 8, the early tender date.

As announced May 25, the company was offering to purchase up to $100 million principal amount of the 4 7/8% notes until 11:59 p.m. ET on June 22.

Ferreycorp increased the offer cap to $120 million and plans to accept the tendered notes on a prorated basis, according to a company update.

Tendered notes may no longer be withdrawn, as of the early deadline.

The total purchase price is $1,022.50 per $1,000 principal amount of notes tendered by the early deadline, which includes an early tender premium of $30.00 for each $1,000 of notes.

The company will also pay accrued interest up to but excluding the settlement date.

The dealer manager is J.P. Morgan Securities LLC. The information agent is D.F. King & Co., Inc. (877 478-5041, 212 269-5550, ferreycorp@dfking.com or dfking.com/ferreycorp).

Ferreycorp SAA, formerly Ferreyros SAA, is a Lima, Peru-based company engaged in the import, distribution, sale, leasing and maintenance of construction, mining, agricultural and transport equipment and vehicles, such as tractors, trucks and excavators.

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