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Interchile S.A. - Tender Offer - Launch

INTERCHILE S.A. COMMENCES TENDER OFFER IN RESPECT OF ITS 4.500% SENIOR SECURED NOTES DUE 2056 FOR AN AGGREGATE PURCHASE PRICE OF UP TO $160 MILLION

16 OCTOBER 2023


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


"SANTIAGO, Chile, Oct. 16, 2023 /PRNewswire/ -- Interchile S.A., a sociedad anónima organized and existing under the laws of Chile (the "Issuer"), announced today that it has commenced a cash tender offer (the "Offer") on the terms and subject to the conditions set forth in the Issuer's Offer to Purchase dated the date hereof (the "Offer to Purchase") in respect of its outstanding 4.500% Senior Secured Notes due 2056 (the "Notes"), for an aggregate purchase price (excluding accrued interest) of up to $160,000,000 (as it may be increased or decreased by the Issuer in accordance with applicable law, the "Maximum Aggregate Purchase Price"). The Offer to Purchase more fully sets forth the terms of the Offer.


The Offer


The following table summarizes certain pricing terms of the Offer:


(1) Consideration in the form of cash per U.S.$1,000 principal amount of Notes that are validly tendered, will be calculated in accordance with the formula set forth in Annex 1 to the Offer to Purchase, based on the fixed spread specified in the table above (the "Fixed Spread") for the Notes, plus the yield (the "Reference Yield") based on the bid-side price of the U.S. Treasury reference security specified in the table above (the "Reference Security") as quoted on the Bloomberg reference page specified in the table above (the "Reference Page") as of 11:00 a.m. (New York City time) on October 27, 2023, unless extended by the Issuer in its sole discretion (such date and time, as the same may be extended with respect thereto, the "Price Determination Date").

(2) The Fixed Spread is inclusive of a cash payment (the "Early Tender Premium") of U.S.$50.00 per U.S.$1,000 principal amount of Notes tendered at or prior to 5:00 p.m., New York City time, on October 27, 2023 (the "Early Tender Date").

(3) The Early Tender Premium will be payable to holders who validly tender Notes at or prior to the Early Tender Date."


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