Bancolombia S.A. - Tender Offer - Early Tender Results & Increase Max. Tender Amount

BANCOLOMBIA S.A. ANNOUNCES EARLY TENDER RESULTS RELATING TO THE OFFER TO PURCHASE OF ITS 3.000% SENIOR NOTES DUE 2025 AND AN INCREASE IN THE MAXIMUM TENDER AMOUNT

26 JULY 2023

Full announcement including disclaimers and offer restrictions available via SEC (Source: Bancolombia S.A.)

"Bancolombia announced today the results as of 5:00 p.m. New York City time, on July 25th 2023 (the “Early Tender Date”), of its previously announced offer to purchase the “Tender Offer”) up to U.S.$370,000,000 of its outstanding 3.000% Senior Notes due 2025 (the “Notes”). It also announced that it has decided to increase the Maximum Tender Amount from U.S.$370,000,000 to U.S.$467,966,000. The terms and conditions of the Tender Offer, as set forth in the Offer to Purchase, dated July 12, 2023, otherwise remain unchanged.

As of the Early Tender Date, U.S.$467,966,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn. The Company intends to accept all such Notes without proration. The settlement date for the Notes accepted for purchase is expected to occur on August 1, 2023 (the "Early Settlement Date"). Holders of Notes validly tendered at or prior to the Early Tender Date, not validly withdrawn and accepted for purchase in accordance with the terms of the Tender Offer will receive on the Early Settlement Date, U.S.$963.00 per U.S.$1,000 principal amount of the Notes tendered (the "Total Consideration"). In addition to the Total Consideration, such Holders are also receiving, in respect of such Notes, accrued and unpaid interest from the last interest payment date for the Notes to, but not including the Early Settlement Date.

Bancolombia will not accept for purchase any Notes tendered after the Early Tender Date."

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Bancolombia S.A. Announces the Launch of a Tender Offer to Purchase up to U.S.$370,000,000 of its outstanding 3.000% Senior Notes due 2025

13 JULY 2023

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

MEDELLÍN, Colombia, July 12, 2023 /PRNewswire/ -- Today, Bancolombia S.A. (the "Issuer") announced that it has commenced an offer to purchase (the "Offer") for cash up to U.S.$370,000,000 (the "Maximum Tender Amount") of its outstanding 3.000% Senior Notes due 2025 (the "Notes") upon the terms and subject to the conditions set forth in an Offer to Purchase dated the date hereof (as it may be amended or supplemented from time to time, the "Offer to Purchase").

The table below summarizes certain payment terms of the Offer:

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