Interchile offers to buy 4½% bonds due 2056 for up to $160 million

By Wendy Van Sickle

Columbus, Ohio, Oct. 16 – Interchile SA began a tender offer to purchase its 4½% senior secured bonds due 2056 (Cusips; 45846AAA8, P5R70LAA9) for a maximum price of $160 million, accepting to a news release.

There is $1.2 billion of the bonds outstanding.

The purchase price per $1,000 principal amount will be based on the 4.375% U.S. Treasury due Aug. 15, 2043 plus a fixed spread of 180 basis points and will include an early tender premium of $50 that will be paid only to holders who tender their bonds by 5 p.m. ET on Oct. 27, which is also the withdrawal deadline.

Pricing will be set at 11 a.m. ET on Oct. 27.

Holders will also receive accrued interest through the applicable settlement date.

The offer will expire at 5 p.m. ET on Nov. 14.

D.F. King & Co. (interchile@dfking.com, 212 269-5550 or 800 967-5019) is the information and tender agent.

J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279) is the dealer manager.

The infrastructure construction services company is based in Santiago, Chile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.