Dominican Republic's Cerveceria Nacional gets tenders for $118.69 million 8% notes at early deadline

By Jennifer Chiou

New York, March 5 - Cerveceria Nacional Dominicana, C por A said that holders tendered $118.69 million of its 8% senior notes due 2014 by the early tender deadline in its offer for up to $130 million of its $205 million of notes.

The early deadline was 5 p.m. ET on March 4, extended from Feb. 29.

As of 5 p.m. ET on Feb. 29, $110.06 million of notes had been tendered under the offer, according to a previous company news release.

The tender offer began on Feb. 19 and ends at 5 p.m. ET on March 17.

For each $1,000 principal amount, the payout will be $1,035 for notes tendered by the early tender deadline and $1,020 for notes tendered after that. The company will also pay accrued interest up to but excluding the payment date.

The tender offer is conditioned upon the closing of the company's credit facility.

The Santo Domingo, Dominican Republic, brewing company previously said it was tendering for the notes, which are denominated in dollars, to replace them with Dominican peso-denominated debt.

Standard Bank plc is the dealer manager (contact Jay Tom at 212 407-5174 or Carl Piccolo at 44 20 7815 3142).

Bondholder Communications Group is the information and tender agent (contact Chloe Daniels at 212 809-2663 or 44 20 7382 4580, cdaniels@bondcom.com).

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