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Frigorífico Concepción S.A. - Consent Solicitation 2024 (US) - Results

Frigorífico Concepción S.A. Announces Successful Results of Consent Solicitation - US358648 AA16 - USP4R54KAA49
 

09 FEBRUARY 2024


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: Frigorifico Concepcion


"ASUNCIÓN, Paraguay, Feb. 9, 2024 /PRNewswire/ -- Frigorífico Concepción S.A. (the "Company") announced today that it has received the Requisite Consents (as defined below) as of 5:00 p.m., New York City time, on February 9, 2024 (the "Expiration Time"), according to Global Bondholder Services Corporation, the Information and Tabulation Agent in connection with the Company's solicitation of consents (the "Consent Solicitation") made pursuant to the Consent Solicitation Statement dated February 2, 2024 (as amended on February 8, 2024 by means of a press release, the "Consent Solicitation Statement") in order to give effect to the intent of the Proposed Amendments and Additional Amendments not Requiring Consent, as further described in the Consent Solicitation Statement. The primary purpose of the Consent Solicitation is to make amendments to the Indenture governing the Company's 7.700% Senior Secured Notes due 2028 (the "Notes") that would permit the Company to incur the additional indebtedness pursuant to the Concurrent New Notes Offering. The Consent Solicitation expired at the Expiration Time.

The Proposed Amendments required valid consents from holders representing at least a majority of the aggregate principal amount of outstanding 2028 Notes (the "Requisite Consents"). The Additional Amendments not Requiring Consent do not require any consent from holders of 2028 Notes.


The 2028 Notes were issued on July 21, 2021 in an aggregate principal amount of US$300,000,000. As of the date of the Consent Solicitation Statement, US$300,000,000 in aggregate principal amount of the 2028 Notes remained outstanding.


As of the Expiration Time, the approximate percentage of the outstanding principal amount of the 2028 Notes for which the Company had received and accepted consents was as follows:



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Frigorífico Concepción S.A. Announces Amendment of Consent Solicitation - US358648 AA16 - USP4R54KAA49
 

08 FEBRUARY 2024


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: Frigorifico Concepcion S.A.


"ASUNCIÓN, Paraguay, Feb. 8, 2024 /PRNewswire/ -- Frigorífico Concepción S.A. (the "Company") announces that it is amending its previously announced consent solicitation (the "Consent Solicitation") with respect to certain proposed amendments to the Indenture governing the 2028 Notes. Holders of the 2028 Notes should refer to the Consent Solicitation Statement dated February 2, 2024 (the "Consent Solicitation Statement"), which includes the text of the proposed amendments attached thereto, all of which remain unchanged except as detailed below, and to the related press release dated on that same date. Capitalized terms used but not defined herein have the meanings given to them in the Consent Solicitation Statement.


In addition to the announcement made through the Consent Solicitation Statement, the Company intends to include among the Additional Amendments not Requiring Consent, the following:


  • A new Section 2.14 entitled "Interest Rate Adjustments" shall be added to the Indenture, which shall read as follows:"



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Frigorífico Concepción S.A. Announces Consent Solicitation - US358648 AA16 - USP4R54KAA49

02 FEBRUARY 2024


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: Frigorifico Concepcion S.A.


Frigorífico Concepción S.A.


Solicitation of Consents relating toOutstanding 7.700% Senior Secured Notes due 2028 (the "2028 Notes")


ASUNCIÓN, Paraguay, Feb. 2, 2024 /PRNewswire/ -- Frigorífico Concepción S.A. (the "Company") hereby announces the commencement of its solicitation of consents (the "Consent Solicitation") to holders of its 7.700% Senior Secured Notes due 2028 for amendments to certain provisions of the Indenture governing the 2028 Notes, dated as of July 21, 2021 (the "Indenture"), among the Company, as Issuer, Frigorífico BFC S.A. (the "Bolivian Guarantor"), as Guarantor, The Bank of New York Mellon, as Trustee, Registrar and Paying Agent (the "Trustee"), and GLAS Americas LLC, as collateral agent (the "Collateral Agent").

The Consent Solicitation is being made on the terms and subject to the conditions contained in the Consent Solicitation Statement dated February 2, 2024 (the "Consent Solicitation Statement") prepared by the Company in connection with the Consent Solicitation and is subject to the solicitation and distribution restrictions set out below and as more fully described in the Consent Solicitation Statement. Holders of the 2028 Notes are advised to read carefully the Consent Solicitation Statement for full details of, and information on the procedures for participating in, the Consent Solicitation.


Capitalized terms used but not defined herein have the meanings given to them in the Consent Solicitation Statement."



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