Intcomex begins tender offer for 11¾% second-priority notes due 2011

By Angela McDaniels

Tacoma, Wash., Dec. 8 - Intcomex, Inc. has begun a tender offer for its $96,915,000 principal amount of 11¾% second-priority senior secured notes due 2011, according to a company news release.

The payment will be $1,007.50 for each $1,000 principal amount of notes. This includes a consent payment of $30.00 for each note tendered by 5 p.m. ET on Dec. 21, the consent payment deadline.

The company will also pay accrued interest up to but excluding the payment date.

Notes tendered prior to the consent payment deadline are expected to settle upon satisfaction or waiver of the conditions to the offer, which is expected to occur Dec. 22. The remaining notes will settle following the expiration of the offer.

The tender offer will expire at 11:59 p.m. ET on Jan. 6.

Intcomex plans to finance the tender offer with the proceeds of a new notes offering. The closing of the tender offer will be conditioned, among other things, on Intcomex's successful completion of this offering.

Bank of America Merrill Lynch (888 292-0070 or 980 388-9217) is the dealer manager for tender offer, and D.F. King & Co., Inc. (212 269-5550) is the information agent.

Intcomex is a Miami-based distributor of computer information technology products focused on Latin America and the Caribbean.

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