Capex S.A. - Exchange Offer - Extension

Capex S.A. Announces the Extension of the Early Participation Date of the Exchange Offer for its 6.875% Notes due 2024.

07 AUGUST 2023

Full announcement including disclaimers and offer restrictions available via Luxse

"On July 24, 2023 Capex S.A. (“Capex” or the “Company”) announced the commencement of its offer to exchange (the “Exchange Offer”) any and all of its outstanding 6.875% Notes due 2024 (the “Old Notes”) for newly issued 9.250% Notes due 2028 (the “New Notes”) and cash, as applicable, upon the terms and subject to the conditions set forth in the exchange offer memorandum (the “Exchange Offer Memorandum”), dated July 24, 2023 and the related eligibility letter (the “Eligibility Letter” and, together with the Exchange Offer Memorandum, the “Exchange Offer Documents”).

Capitalized terms not defined herein shall have the meaning ascribed to them in the Exchange Offer Documents.

Morrow Sodali International LLC, acting as information and exchange agent for the Exchange Offer (the “Information and Exchange Agent”), advised Capex that as of August 4, 2023 at 5:00 p.m., New York City time (the “Original Early Participation Date”), (i) U.S.$11,195,000 in aggregate principal amount of Old Notes, representing approximately 4.69% of the aggregate principal amount of Old Notes outstanding, have been tendered (and not validly withdrawn) in the Exchange Offer under Option A, and (ii) U.S.$178,310,000 in aggregate principal amount of Old Notes, representing approximately 74.65% of the aggregate principal amount of Old Notes outstanding, have been tendered (and not validly withdrawn) in the Exchange Offer under Option B, totaling a participation of U.S.$189,505,000 in aggregate principal amount of Old Notes, representing approximately 79.34% of the aggregate principal amount of Old Notes outstanding.

Based on the aggregate principal amount of Old Notes tendered in the Exchange Offer as of the Original Early Participation Date and their election between Option A and Option B, Eligible Holders that tendered their Old Notes under Option A at or prior to the Original Early Participation Date would receive (assuming no additional participation in the Exchange Offer and the acceptance of such Old Notes for exchange) 100% of the Early A Exchange Consideration in cash.

Capex announces that it is extending the period to be eligible to receive the Early Exchange Consideration in respect of the Exchange Offer from the Original Early Participation Date to 11:59 p.m., New York City time, on August 18, 2023. The offer will expire on 11:59 p.m., New York City time, on August 18, 2023.

Capex also announces that the Withdrawal Date expired on August 4, 2023 at 5:00 p.m., New York City time. The Old Notes validly tendered pursuant to the Exchange Offer may no longer be withdrawn, and any Old Notes tendered on or after the date hereof and prior to the Expiration Date may not be withdrawn."

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Capex S.A. Announces the Commencement of an Exchange Offer Relating to its 6.875% Notes due 2024

24 JULY 2023

Full announcement including disclaimers and offer restrictions available via Prnewswire

"BUENOS AIRES, Argentina, July 24, 2023 /PRNewswire/ --

Capex S.A. Offer to Exchange, Any and All of its Outstanding 6.875% Notes due 2024 (CUSIP Nos.: 139612AE5 and P20058AC0 ISIN Nos. US139612AE59 and USP20058AC08)

Capex S.A. ("Capex" or the "Company") hereby announces the commencement of its offer to exchange (the "Exchange Offer") any and all of its outstanding 6.875% Notes due 2024 (the "Old Notes") for newly issued 9.250% Notes due 2028 (the "New Notes") and cash, as applicable, each upon the terms and subject to the conditions set forth in the exchange offer memorandum (the "Exchange Offer Memorandum"), dated July 24, 2023 and the related eligibility letter (the "Eligibility Letter" and, together with the Exchange Offer Memorandum, the "Exchange Offer Documents")."

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