Orazul Energy announces tender expiration, final results

By William Gullotti

Buffalo, N.Y., Nov. 30 – Orazul Energy Peru SA announced the expiration and final results of its tender offer for up to $41.8 million of its 5 5/8% senior notes due 2027 (Cusips: 68559BAA5, P7372BAA1), according to a press release.

As of the 11:59 p.m. ET expiration on Nov. 29, $180,282,000 aggregate principal amount of the notes had been validly tendered and not validly withdrawn, exceeding the $41.8 million tender cap.

The company will accept $41,488,000 aggregate principal amount of the notes for purchase, using a proration factor of approximately 21.4%.

As previously reported, Orazul will pay a total consideration of $1,007.50 per $1,000 principal amount of notes. Accrued interest will also be paid, calculated to the settlement date.

Settlement is planned for Dec. 1.

Credit Suisse Securities (USA) LLC (800 820-1653, 212 538-2147) and Santander Investment Securities Inc. (855 404-3636, 212 940-1442) are dealer managers for the tender offer.

D.F. King & Co., Inc. (800 370-1749, 212 269-5550, orazul@dfking.com) is the information and tender agent for the offer.

Formerly Orazul Energy Egenor S. en C. por A, Orazul Energy is a Peru-based power generation and distribution company.

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