Operadora de Servicios Mega gives early tenders, extends early deadline

By Mary-Katherine Stinson

Lexington, Ky., Dec. 15 – Operadora de Servicios Mega SA de CV reported that $11,468,000 8¼% senior notes due 2025 (Cusips: 68373NAA3, P73699BH5) have been tendered under its Dec. 1 tender offer as of the original early deadline of 5 p.m. ET on Dec. 14, according to a press release.

All the notes tendered have been accepted for purchase, and early settlement is expected on Dec. 16.

The company also announced an extension of the early deadline through the expiration of the offer, which is 11:59 p.m. ET on Dec. 29.

As previously reported, the company is conducting a tender offer for up to $100 million principal amount of its $365,041,000 of outstanding of 8¼% senior notes due 2025.

The company is offering a total consideration of $500 per $1,000 principal, which includes an early tender premium of $50 per $1,000 principal amount. The early tender premium was previously only available to those who had tendered by the early deadline, which has now been extended, and will now be available to all noteholders who tender their notes by the expiration date.

Holders will also receive accrued interest.

If the tender cap is exceeded, the company will accept notes for repurchase on a prorated basis.

Goldman Sachs & Co. LLC (212 357-1452 or 800 828-3182) and HSBC Securities (USA) Inc. (212 525-5552 or 888 472-2456) are the dealer managers.

D.F. King & Co., Inc. (800 331-7024, 212 269-5550 or mega@dfking.com) is the tender agent and information agent.

Operadora de Servicios Mega is a Guadalajara, Mexico-based specialty finance company.

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