Nemak gives final tender, solicitation results for 3¼% senior notes

Chicago, Aug. 5 – Mexico’s Nemak SAB de CV announced the final tender offer and consent solicitation results for its any-and-all tender offer for its outstanding euro-denominated 3¼% notes (ISINs: XS1533916299, XS1533916026), according to an announcement.

The company received tenders and consents for a total of €235.9 million, or 47.2%, of the total principal amount of notes. The amount included €235.5 million of notes tendered by the early deadline of 12 p.m. ET on July 19 and repurchased on the early payment date on July 20.

All of the tendered notes were accepted for purchase.

Noteholders who tendered by the early deadline received €1,017.06 per €1,000 notes, inclusive of an early payment of €30. Interest was also paid to the relevant payment date.

Noteholders who tendered after the early deadline received €987.06 per note and interest.

On the early payment date, the company issued a notice of redemption for any notes outstanding after the final payment date. The notes will be redeemed on Aug. 19.

BBVA, BNP Paribas and HSBC are joint dealer managers.

Lucid Issuer Services Ltd. was the tender agent.

Nemak is a global automotive parts manufacturing company based in Garcia, Greater Monterrey, Mexico.

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