CLISA - COMPAÑÍA LATINOAMERICANA DE INFRAESTRUCTURA & SERVICIOS S.A. (“CLISA”) - Consent Solicitation - Launch

CLISA Announces Launch of Consent Solicitation with respect to its outstanding Step-Up Senior Secured Notes due 2027 (CUSIP/ISIN No. 20445PAH8/ US20445PAH82 (144A) and P3063XAJ7/ USP3063XAJ74 (Reg. S))

11 JANUARY 2024

Full announcement including disclaimers and offer restrictions available via Prnewswire

"BUENOS AIRES, Argentina, Jan. 11, 2024 /PRNewswire/ -- CLISA – Compañía Latinoamericana de Infraestructura & Servicios S.A. — Buenos Aires, January 11, 2024. CLISA ("Clisa" or the "Company") today announced that, upon the terms and subject to the conditions set forth in the consent solicitation statement dated as of January 11, 2024 (the "Consent Solicitation Statement"), it is soliciting consents ("Consents") from the holders (the "Noteholders") of its outstanding Step-Up Senior Secured Notes due 2027 (CUSIP/ISIN No. 20445P AH8/ US20445PAH82 (144A) and P3063X AJ7/ USP3063XAJ74 (Reg. S)) (the "Notes") to a proposed amendment (the "Proposed Amendment") to the indenture dated as of August 17, 2021, among the Company, the subsidiary guarantors party thereto (the "Note Guarantors"), The Bank of New York Mellon, as trustee, registrar, paying agent and transfer agent (the "Trustee"), TMF Trust Company (Argentina) S.A., as registrar, paying agent, transfer agent, trustee representative in Argentina and collateral agent (the "Indenture") governing the Notes (the "Consent Solicitation"), involving the upcoming interest payment due on January 25, 2024.

The Consent Solicitation will expire at 5:00 p.m. New York City time (7:00 p.m., Buenos Aires City time) on February 9, 2024, unless extended or earlier terminated by the Company, in each case, in its sole and absolute discretion, subject to applicable law (the "Expiration Date").

The Proposed Amendment in relation to the method of payment of the interest under the Notes for the interest period beginning on July 25, 2023, and ending on January 25, 2024 (the "January 2024 Coupon"), consists of changing (i) the portion in cash and (ii) the portion in kind, from 6.25% and 2.25%, respectively, to 0% and 8.50%, respectively, maintaining the total annual interest rate in 8.50%. Pursuant to the Indenture, the Proposed Amendment requires the prior Consent of Noteholders representing not less than 75% of the aggregate principal amount of the outstanding Notes (such Consents, the "Requisite Consents")."

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