CEMIG"), a wholly-owned subsidiary of Companhia Energética de Minas Gerais ("
CEMIG Holding"), today announced the commencement of an offer to purchase for cash up to the Maximum Amount (as defined below) of its outstanding 9.250% Senior Notes due 2024 (the "
Notes") issued by CEMIG (the "
Offer"). When used in this press release, the terms "we," "us" and "our" refer collectively to CEMIG and CEMIG Holding, in each case, unless the context otherwise requires.
The Offer is made upon the terms and subject to the conditions set forth in the offer to purchase dated July 19, 2021 (the "
Offer to Purchase"). The Offer is not contingent upon the tender of any minimum principal amount of Notes, but CEMIG will only purchase Notes up to the maximum aggregate principal amount of U.S. $500 million (the "