Mendoza province sees tenders for $316.49 million 8 3/8% notes

By Taylor Fox

Chicago, July 30 – Argentina’s Province of Mendoza said holders had tendered $316,487,000, or 59.7%, of its $590 million 8 3/8% notes due 2024 as of 5 p.m. ET on July 29, the consent payment deadline of its previously announced exchange offer.

Holders may continue to submit tender orders to exchange their existing notes for new notes until the expiration of the invitation at 9 a.m. ET on Aug. 7.

However, tender orders may no longer be revoked, according to a Thursday press release.

The offer had begun on June 5 and had been extended several times, as previously reported.

Credit Suisse Securities (USA) LLC (212 538-2147 or 800 820-1653) and AdCap Securities Ltd. (646 280-8732) are the dealer managers. D.F. King is the information, tabulation and exchange agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.