Chile’s Inversiones Gasa launches exchange offer

Chicago, March 3 – Inversiones Gasa Limitada is offering to exchange three existing notes for new 5¾% secured notes due 2026, according to information from a source.

Specifically, the company is offering to exchange the

• $44,203,800 outstanding 5¾% notes due 2023 (Cusip: P5872RAE7) for an even exchange consideration of $1,000 principal amount of new notes for each $1,000 note;

• $120,000 outstanding 5¾% notes due 2021 (Cusip: P5872RAC1) for an even exchange consideration of $1,000 principal amount of new notes for each $1,000 note; and

• $36,000 outstanding 5¾% notes due 2021 (Cusip: P5872RAD9) for $600 of new notes for each $1,000 note.

The company is also soliciting consents to amend certain covenants on the 2023 notes and to waive certain events of default under the 2018 existing notes and the 2020 existing notes.

More information can be obtained from D.F. King & Co., Inc.

The issuer is a Chilean special purpose entity.

© 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.