The Company announces the results of the exchange offer for the Class II Notes.
Exchange Results USD 238,985,000 of the Existing Negotiable Obligations were validly tendered, representing 66.38% of the nominal value of USD 360,000,000 of the Series II Negotiable Obligations.
–Option A: 60.83% of the Notes were tendered under Option A. For each USD 1,000 tendered, the holder will receive USD 493.18 in cash and USD 514.42 in Class XIV Notes.
–Option B: 39.17% of the Notes were tendered under Option B. For each USD 1,000 tendered, the holder will receive USD 1,030 of Class XIV Notes.
CLASS XIV NEGOTIABLE OBLIGATIONS:
– Amount to be issued: USD 171,202,815
– Currency: U.S. dollar
– Interest rate: 8.75% nominal annual rate.
– Issue and Settlement Date: July 8, 2022.
– Interest payments: Semiannual starting December 22, 2022.
– Principal maturity: Annual amortizations of 17.5% in 2024
– 2027 and 30% in 2028.
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