Mexico’s Financiera Independencia tenders for 7˝% notes due 2019

By Wendy Van Sickle

Columbus, Ohio, July 13 – Financiera Independencia, SAB de CV said it began a tender offer for its $200 million of outstanding 7˝% senior notes due 2019.

The issuer will purchase the maximum principal amount of the notes that it can buy for a maximum payment of $85 million, excluding accrued interest, according to a press release.

The total purchase price will be $1,000 for each $1,000 principal amount of notes tendered by 5 p.m. ET on July 26, the early tender date.

The total amount includes a $50 early payment for each $1,000 principal amount.

Those who tender after the early tender deadline will receive $950 per $1,000 of notes.

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

The tender offer will end at 11:59 ET on Aug. 9.

Tendered notes may be withdrawn through the early tender deadline.

Barclays Capital Inc. (800 438-3242 or 212 528-7581) and BCP Securities, LLC (203 629-2181) are the dealer managers.

D.F. King & Co., Inc. (877 842-1616, 212 269-5550or findep@dfking.com) is the information agent.

Financiera Independencia is a microfinance lender based in Pena Blanca Santa Fe, Mexico.

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