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Cimpor announces tender offer expiration

Published by , Digital Assistant Editor
World Cement,

Cimentos de Portugal, SGPS, S.A. has reported that InterCement Participações S.A. announced the expiration of the cash tender offer to purchase any and all of the outstanding 5.750% Senior Notes issued by Cimpor Financial Operations B.V. and the related consent solicitation.

The Notes are fully and unconditionally guaranteed by the InterCement and InterCement Brasil S.A. The expiration date for the Tender Offer and Consent Solicitation was 11:59 p.m., New York Time, 5 August 2016. InterCement has been advised that US$83 142 000 in aggregate principal amount of the Notes, or approximately 12.40% of the outstanding Notes (excluding Notes held by InterCement and its affiliates), had been validly tendered pursuant to the Tender Offer, all of which have been purchased by InterCement. In connection with the Consent Solicitation, InterCement did not receive the requisite consents for the adoption of certain amendments to the indenture governing the Notes. As a result, the Issuer has not executed a supplemental indenture with respect to such indenture.

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