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Auna S.A.A. - Consent Solicitation - Launch

AUNA S.A.A. ANNOUNCES CONSENT SOLICITATION FOR SENIOR NOTES DUE 2025


24 MAY 2023


Full announcement, including disclaimers and offer restrictions available via Prnewswire (Source: Auna S.A.A.)


"MEXICO CITY and LIMA, Peru, May 24, 2023 /PRNewswire/ -- Auna S.A.A. ("Auna" or the "Company"), one of the largest players in the Latin American healthcare industry and with presence in Mexico, Colombia and Peru, announced today that it is soliciting (the "Consent Solicitation") consents (the "Consents") from holders (the "Holders") of Auna's outstanding 6.500% Senior Notes due 2025 (the "Notes") as of 5:00 p.m. New York City time, May 23, 2023 (the "Record Date") to effect a certain amendment to the indenture governing the Notes (as amended from time to time, the "Indenture"), as described below, upon the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated May 24, 2023 (as may be amended or supplemented from time to time, the "Consent Solicitation Statement"). The Consent Solicitation will expire at 5:00 p.m. New York City time, on June 7, 2023 (such time and date, as the same may be extended from time to time, the "Expiration Date").


All capitalized terms used herein but not defined in this announcement have the respective meanings ascribed to them in the Consent Solicitation Statement.


Certain details regarding the Notes and the Consent Solicitation are set forth in the table below."


"Auna is soliciting Consents in order to allow it to merge with or into a successor issuer, subject to certain conditions, including that the Interest Coverage Ratio (as defined in the Indenture) for the successor issuer and its restricted subsidiaries on a consolidated basis would not be lower than such ratio for Auna and its restricted subsidiaries on a consolidated basis immediately prior to such transaction (the "Proposed Amendment").


After the Supplemental Indenture (as defined below) is effective, the Company expects to redomicile to Luxembourg by way of a merger of the Company into Auna S.A., a société anonyme (limited liability company) incorporated and existing under the laws of the Grand Duchy of Luxembourg ("Auna Lux"), with Auna Lux continuing as the surviving entity (the "Merger"). As part of the Merger, Auna Lux will allocate all the assets and liabilities of the Company to, and hold them through, its Peruvian branch (sucursal), Auna S.A., Sucursal del Peru, incorporated and existing under the laws of Peru ("Auna Lux Sucursal"). Accordingly, the Company expects that Auna Lux (through Auna Lux Sucursal) will be the Successor Issuer of the Notes. The Merger would further simplify the structuring of the entities through which the Company conducts its operations as it expands its regional presence throughout Spanish-speaking Americas ("SSA").


For the actual text of the Proposed Amendment, see "The Proposed Amendment" in the Consent Solicitation Statement. Except for the Proposed Amendment, all of the existing terms of the Indenture will remain unchanged."

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