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Cosan Luxembourg offers to buy up to $250 million 7% notes due 2027
Chicago, June 20 – Cosan Luxembourg SA is offering to buy to up to $250 million of the outstanding $650 million 7% senior notes due 2027 (Cusips: 22112EAC2, L20041AD8), according to an offering document.
Cosan SA is the guarantor on the notes.
The company is offering to pay a total consideration of $1,013.75 per $1,000 note, inclusive of a $30 early tender payment that will only be paid to noteholders who tender by the early deadline. The company is also paying accrued interest.
The tender offer is subject to a financing condition, specifically the closing of an offering of new debt securities sufficient to pay for the tender offer.
Tenders may be subject to proration.
The offer started June 20.
The early tender deadline is 5 p.m. ET on July 3.
Early settlement, if elected, will take place on July 6.
The tender offer will expire at 5 p.m. ET on July 18.
Final settlement is expected on July 20.
Itau BBA USA Securities, Inc. (888 770-4828, 212 710-6749), Morgan Stanley &Co. LLC (800 624-1808, 212 761-1057), Banco Bradesco BBI SA (646 432-6642), Banco BTG Pactual SA – Cayman Branch (212 293-4600), Citigroup Global Markets Inc. (212 723-6106, 800 558-3745), J.P. Morgan Securities LLC (866 846-2874, 212 834-7279), Santander US Capital Markets LLC (855 404-3636, 212 940-1442) and UBS Securities LLC (212 713-4715) are the dealer managers.
D.F. King & Co., Inc. is the information and tender agent for the offer (800 487-4870, 212 269-5550, cosan@dfking.com).
Cosan is based in Sao Paulo, Brazil, and has businesses in strategic sectors to Brazil’s growth and development, such as energy and logistics.
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