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Cydsa offers to buy up to $100 million of 6¼% notes due 2027
Chicago, Sept. 7 – Mexico’s Cydsa SAB de CV started a tender offer for up to $100 million aggregate purchase price of its $331,670,000 outstanding 6¼% senior notes due 2027 (Cusips: 232553AA5, P3R26HAA8), according to a press release.
Cydsa is offering $955 per $1,000 note, inclusive of a $50 early tender payment that will only be paid to noteholders who tender by the early deadline. Payment will be made in U.S. dollars. Interest will also be paid to the applicable settlement date.
Tenders may be prorated.
If the offer is oversubscribed at the early deadline, no notes tendered after the early deadline will be accepted for purchase.
The early tender time is 5 p.m. ET on Sept. 20, also the withdrawal deadline.
The offer will expire at 5 p.m. ET on Oct. 5.
Santander US Capital Markets LLC is the sole dealer manager (212 940-1442, 855 404-3636, usdcmlm@santander.us).
D.F. King & Co., Inc. is the information and tender agent for the offer (800 628-8510, 212 232-3233, cydsa@dfking.com).
Cydsa is a Mexican diversified company with products ranging from edible salt to specialty chemicals.
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