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Inkia Energy Limited Announces Early Tender Date Results Of Tender Offer For Its 8.375% Senior Notes Due 2021 And Related Consent Solicitation

Inkia Energy Limited Announces Early Tender Date Results Of Tender Offer For Its 8.375% Senior Notes Due 2021 And Related Consent Solicitation

PR Newswire

LIMA, Peru, Nov. 9, 2017 /PRNewswire/ – Inkia Energy Limited (“Inkia,” “we” or “us”) announced today the early tender results of its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 8.375% Senior Notes due 2021 (the “Notes”).

The following table presents the aggregate principal amount of Notes validly tendered and not validly withdrawn as of 5:00 p.m. New York City time, on November 8, 2017 (the “Early Tender Date”):


Title of Security

CUSIP/ISIN Numbers

Principal
Outstanding
Amount

Aggregate Principal
Amount Tendered
as of the Early
Tender Date

Total
Consideration(1)

8.375% Senior
Notes due 2021…….

45721RAA1/G4808VAA8
US45721RAA14/USG4808VAA82

U.S.$450 million

U.S.$ 398,633,000

U.S.$1,031.67

___________

(1) The amount to be paid for each U.S.$1,000 principal amount of Notes validly tendered (and not validly withdrawn) and
accepted for purchase on the Early Settlement Date (as defined below), excluding accrued interest.

On the Early Tender Date, upon receipt of consents from a majority in principal amount of the then outstanding Notes to the adoption of certain proposed amendments described in the Offer to Purchase (as defined below), Inkia executed a supplemental indenture to the indenture governing the Notes to (i) eliminate substantially all of the restrictive covenants as well as certain events of default and related provisions contained therein and (ii) shorten the minimum notice period for a redemption from 30 days to three days prior to a redemption date.

Inkia has accepted for purchase all of the Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date, and the settlement date for such Notes occurred on November 9, 2017 (the “Early Settlement Date”). We also issued a redemption notice on the Early Settlement Date to redeem on November 14, 2017 any and all Notes not purchased by us in the Tender Offer on the Early Settlement Date, and we satisfied and discharged the Notes and related indenture on the Early Settlement Date by irrevocably depositing the necessary funds in a trust account with the trustee. This press release does not constitute a notice of redemption of the Notes.

The terms and conditions of the Tender Offer and Consent Solicitation, as well as the Proposed Amendments, are described in the Offer to Purchase and Consent Solicitation Statement, dated October 26, 2017, (as it may be amended or supplemented, the “Offer to Purchase”). Copies of the Offer to Purchase are available to Holders from D.F. King & Co., Inc., the tender and information agent for the Tender Offer and Consent Solicitation (the “Tender and Information Agent”), at (877) 864-5059 (toll free) or (212) 269-5550 (collect); or at Inkia@dfking.com.

We have retained Credit Suisse Securities (USA) LLC and Scotia Capital (USA) Inc. to each act as Dealer Managers and Solicitation Agents in connection with the Tender Offer and Consent Solicitation. Questions regarding the Tender Offer and Consent Solicitation may be directed to Credit Suisse Securities (USA) LLC at +1 (800) 820-1653 (toll free) or +1 (212) 538-2147 (collect) and Scotia Capital (USA) Inc. at +1 (800) 372-3930 (toll free) or +1 (212) 225-5559 (collect).

Neither the Offer to Purchase nor any related documents have been filed with or reviewed by any federal or state securities commission or regulatory authority of any country, and the Offer to Purchase or any related documents have not been reviewed or approved by the Irish Stock Exchange. No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary. The Tender Offer and Consent Solicitation are being made solely on the terms and conditions set forth in the Offer to Purchase. Under no circumstance shall this press release constitute an offer to purchase or a solicitation of an offer to sell the Notes or any other securities or a solicitation of consents, or a notice of redemption of the Notes. The Tender Offer and Consent Solicitation are not being made to, nor will we accept tenders of Notes or delivery of consents from, Holders in any jurisdiction in which the Tender Offer and Consent Solicitation would not be in compliance with the securities or blue sky laws of such jurisdiction. No recommendation is made as to whether Holders should tender their Notes or deliver consents. Holders should carefully read the Offer to Purchase and the related materials, because they contain important information, including the various terms and conditions of the Tender Offer and Consent Solicitation.

View original content:http://www.prnewswire.com/news-releases/inkia-energy-limited-announces-early-tender-date-results-of-tender-offer-for-its-8375-senior-notes-due-2021-and-related-consent-solicitation-300552960.html

SOURCE Inkia Energy Limited

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