Mexico’s Orbia tenders for note due 2022 at $1,055.75 per $1,000 note

By Devika Patel

Knoxville, Tenn., May 17 – Orbia Advance Corp., SAB de CV has begun a cash tender offer to purchase for cash any and all of its $750 million 4 7/8% senior notes due 2022 (Cusip: 59284BAB4), according to a press release.

The offer will expire at 5 p.m. ET on May 21. Notes may be tendered and withdrawn at any time prior to that date but not after, unless extended. Settlement will occur no later than May 26, unless extended.

Notes tendered via guaranteed delivery must be received by 5 p.m. ET on May 25.

Holders who tender their notes prior to the May 21 deadline will be eligible to receive $1,055.75 for each $1,000 of notes, plus unpaid interest to the settlement date in cash.

Dealer managers for the offer are BBVA Securities Inc. (800 422 8692, 212 728-2446) and Morgan Stanley & Co. LLC (800 624-1808, 212 761-1057).

D.F. King & Co., Inc is the information and tender agent for the offer (800 848-2998, 212 269-5550, www.dfking.com/orbia).

The specialty products provider is headquartered in Mexico City.

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