ContourGlobal Commences Tender Offer for any and all of its 7.125% Senior Secured Notes Due 2019
LUXEMBOURG, June 6, 2016 /PRNewswire/ -- ContourGlobal Power Holdings S.A. (the "Issuer") today announced that it has commenced a cash tender offer (the "Tender Offer") for any and all of its outstanding 7.125% senior secured notes due 2019 (the "Notes").
The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, June 14, 2016, unless extended or earlier terminated (such time, as may be extended, the "Expiration Time"). Holders who validly tender the Notes prior to the Expiration Time will be eligible to receive $1,037.51 for each $1,000 principal amount of Notes, plus any accrued and unpaid interest up to, but excluding, the settlement date.
Tendered Notes may be withdrawn at any time on or prior to the Expiration Time. Completion of the Tender Offer is subject to certain market and other conditions, including the consummation of one or more debt financing transactions. Settlement of the Tender Offer will occur promptly after the Expiration Time, unless earlier terminated, which is expected to be June 17, 2016.
The Issuer intends to deliver a notice of redemption in order to redeem any Notes outstanding following the consummation of the Tender Offer.
The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, dated June 6, 2016, and the related Notice of Guaranteed Delivery, copies of which may be obtained from Lucid Issuer Services Limited, the tender and information agent for the Tender Offer, at http://library.lucid-is.com/contourglobal or Attn: Paul Kamminga, +44 (0)20 7704 0880, contourglobal@lucid-is.com.
The Issuer has retained Goldman Sachs International to serve as the dealer manager for the Tender Offer. Questions regarding the tender offer may be directed to Goldman Sachs International at Attn: Liability Management Group, +44 (0)20 7774 9862, +1 (800) 828-3182 (toll-free), +1 (212) 902-6941 (collect).
None of the Issuer, the dealer manager, the trustee for the Notes or the tender and information agent make any recommendations as to whether holders should tender their Notes pursuant to the Tender Offer, and no one has been authorized by any of them to make such recommendations. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase or sell the Notes or any other securities, nor shall there be any purchase of the Notes in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The tender offer is being made solely pursuant to the Offer to Purchase, dated June 6, 2016, and the related Notice of Guaranteed Delivery, which set forth the complete terms of the tender offer. Any offers of concurrently offered securities will be made only by means of a private offering memorandum.
About ContourGlobal
The Issuer is a finance subsidiary wholly-owned by ContourGlobal L.P., a Cayman Islands exempted limited partnership (together with its consolidated subsidiaries, "ContourGlobal"). ContourGlobal is a premier developer and operator of wholesale electric power generation businesses in 20 countries worldwide.
Forward Looking Statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. The Issuer undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in ContourGlobal's business or to reflect the occurrence of unanticipated events.
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