Unifin Announces Pricing Of Senior Notes And Amendment To Terms Of Private Exchange Offer
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Unifin Financiera, S.A.B. de C.V. (
Unifin ) announced today the pricing of US$400 million principal amount of its 9.875% Senior Notes due 2029 (the
New Notes ). The New Notes are expected to be issued by Unifin on January 28, 2021 and will be guaranteed by its subsidiaries Unifin Credit, S.A. de C.V., SOFOM, E.N.R. and Unifin Autos, S.A. de C.V.
In connection with Unifin s previously announced private exchange offer (the
Exchange Offer ) with respect to its 7.000% Senior Notes due 2022, 7.250% Senior Notes due 2023 and 7.000% Senior Notes due 2025 (collectively, the
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SÃO PAULO, Jan. 20, 2021 /PRNewswire/ Hidrovias International Finance S.à r.l., a private limited liability company (
société à responsabilité limitée) incorporated in the Grand Duchy of Luxembourg having its registered office at 17, Boulevard Raiffeisen, L-2411 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Register of Commerce and Companies (
Registre de commerce et des sociétés, Luxembourg) under number B221114 (the Company or we ), a wholly-owned subsidiary of Hidrovias do Brasil S.A. ( Hidrovias ), announced today that it has commenced an offer to purchase for cash (the Tender Offer ) any and all of its outstanding 5.950% Notes due 2025 (the Notes ).
Republic of Paraguay
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Paraguay ) announced today the commencement of an offer to purchase for cash (the
Tender Offer ) its outstanding 4.625% Bonds due 2023 (the
Old Bonds ) such that the aggregate Purchase Price (as defined below) to be paid for the Old Bonds tendered and accepted for purchase pursuant to the Tender Offer is equal to a maximum purchase amount to be determined by Paraguay in its sole discretion. The terms and conditions of the Tender Offer are set forth in the offer to purchase, dated January 20, 2021 (the
Offer to Purchase ).
The Tender Offer is not conditioned upon any minimum participation of Old Bonds, but is conditioned, among other things, on the pricing, but not the closing, of a new issuance of Paraguay s bonds due 2033 and an additional issuance of Paraguay s existing 5.400% Bonds due 2050 (together, the
(1) Principal amount of New Notes per US$1,000 principal amount of the applicable series of Old Notes validly tendered and accepted for exchange. Eligible Holders (as defined below) whose Old Notes are validly tendered and accepted for exchange will also receive Accrued Interest (as defined below) to the applicable Settlement Date (as defined below), if any, which will be paid in cash and will be in addition to the applicable Exchange Consideration (as defined below).
(2) Includes the applicable Early Participation Premium
The Offer is being made on the terms and subject to the conditions set forth in the Exchange Offer Statement, dated January 20, 2021 (the
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