El Puerto de Liverpool tenders for up to $250 million 3 7/8% notes

By Rebecca Melvin

Concord, N.H., Sept. 7 – Mexico’s El Puerto de Liverpool SAB de CV commenced a cash tender offer for up to $250 million of its $750 million outstanding 3 7/8% senior notes due 2026 (ISINs: US283837AB81/USP3691NBF61) on Tuesday, according to a company release.

The company is offering to pay $1,091 per $1,000 principal amount, which includes an early tender premium of $30 per $1,000 principal amount of notes tendered on or prior to the early tender deadline at 5 p.m. ET on Sept. 20. Notes tendered after the early deadline, but on or prior to expiration at 11:59 p.m. ET on Oct. 4, will be eligible to receive $1,061 per $1,000 principal amount.

The offer is not contingent on a minimum amount of notes being tendered or the consummation of any other offer. But consummation is conditioned on some other conditions. The company said it reserves the right to terminate or extend the offer if any condition is not satisfied or waived.

Santander Investment Securities Inc. (855 404-3636, 212 940-1442) is acting as dealer manager for the offer.

D.F. King & Co. Inc. (212 269-5550, 866 406-2287) is the tender agent and information agent.

The retail company is based in Mexico City.

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