Operadora de Servicios Mega reports $12.88 million 8¼% notes tendered

By Mary-Katherine Stinson

Lexington, Ky., Dec. 30 – Mexico’s Operadora de Servicios Mega SA de CV gave the final results of its tender offer for its 8¼% senior notes due 2025 (Cusips: 68373NAA3, P73699BH5), reporting that $12,883,000 total notes were tendered and accepted for purchase, according to a press release.

The final figure includes the $11,468,000 of the notes that were tendered as of the original early deadline of 5 p.m. ET on Dec. 14.

As previously reported, the company was 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 offer was launched on Dec. 1 and expired at 11:59 p.m. ET on Dec. 29.

The company offered a total consideration of $500 per $1,000 principal amount, which included 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. However, on Dec. 15 the early deadline was extended through the expiration of the offer and is now available to all noteholders who tender their notes by the expiration date.

Holders will also receive accrued interest.

The early payment date was Dec. 16.

Final settlement is expected for Dec. 30.

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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