Mexico’s Orbia announces results of cash tender offer for 2022 notes

Chicago, May 24 – Orbia Advance Corp., SAB de CV announced the results of its cash tender offer to purchase any and all of its $750 million outstanding 4 7/8% senior notes due 2022 (Cusip: 59284BAB4), according to a press release.

The company received, and will accept, tenders for $322,688,000 principal amount of notes.

The amount does not include the $15,825,000 of notes tendered under guaranteed delivery procedures. Tenders via guaranteed delivery must be received by 5 p.m. ET on May 25.

A tender consideration of $1,055.75 per $1,000 note will be paid.

The offer expired at 5 p.m. ET on May 21. Settlement is scheduled for no later than three business days after the expiration date, or May 26.

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

The specialty products provider is headquartered in Mexico City.

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