SierraCol Energy Andina, LLC reveals early tender results with regard to its Tender Deal to buy as much as U.S.$ 300,000,000 in aggregate principal quantity of its 6.000% Notes due 2028
LONDON, Nov. 5, 2025/ PRNewswire/– SierraCol Energy Limited (” SierraCol Energy”) revealed today the early tender outcomes of the formerly revealed tender deal (the “Tender Deal”) by SierraCol Energy Andina, LLC, a direct subsidiary of SierraCol Energy (the “Business”), to buy for money as much as U.S.$ 300,000,000 in aggregate principal quantity of its 6.000% Notes due 2028 (the “Notes”) (such quantity, the “Optimum Quantity”). The Tender Deal is being made pursuant to the regards to a deal to buy outdated October 23, 2025 (as might be changed or supplemented from time to time, the “Deal to Purchase”), and undergoes specific conditions (consisting of the invoice of adequate earnings from a proposed offering of senior financial obligation securities (the “New Notes”)) explained therein.
Information of the Tender Deal
The Business has actually been recommended by International Shareholder Solutions Corporation (GBSC), as details representative and tender representative, that since 5:00 p.m., New York City City time, on November 5, 2025 (” Early Tender Time”), U.S.$ 504,578,000 aggregate principal quantity of Notes had actually been validly tendered and not validly withdrawn. The factor to consider for each U.S.$ 1,000 primary quantity of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Time and accepted for purchase pursuant to the Tender Deal (the “Overall Factor to consider”) will be U.S.$ 1,000 The Overall Factor to consider consists of an early tender payment (the “Early Tender Payment”) equivalent to U.S.$ 50 per U.S.$ 1,000 primary quantity of Notes, which is payable in regard of Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Deal. Holders of Notes (” Holders”) whose Notes are accepted for purchase in the Tender Deal will likewise get accumulated and overdue interest on such Notes from the last interest payment date to, however not consisting of, the appropriate settlement date.
Pursuant to the Deal to Purchase, and based on the terms of the Tender Deal stated therein, the Business plans to accept for purchase U.S.$ 300.0 million aggregate principal quantity of the Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Time. The Business has actually not exercised its right to have an early settlement date at this time, however reserves the right to make such election prior to the Expiration Time (as specified listed below).
The following table state the primary quantity of the Notes tendered, the primary quantity the Business plans to accept for purchase, the impressive principal quantity after the Tender Deal, and the proration element.
|
Title of |
CUSIPs/ ISINs/ |
Exceptional |
Principal Quantity |
Principal Quantity |
Exceptional |
Proration |
|
6.000% |
144A:
Reg S: |
U.S.$ 600,000,000 |
U.S.$ 504,578,000 |
U.S.$ 300,000,000 |
U.S.$ 300,000,000 |
57 % |
|
( 1 ) |
No representation is made regarding the accuracy or precision of the ISINs, Typical Codes, or CUSIP numbers noted in this Deal to Purchase or printed on the Notes. Such ISINs, Typical Codes, and CUSIP numbers are supplied exclusively for the benefit of the Holders. |
|
( 2 ) |
The proration element has actually been rounded to the closest portion point for discussion functions. |
The Tender Deal will end at 5:00 p.m., New York City City time, on November 21, 2025, unless extended or earlier ended by the Business in its sole discretion (such time and date, as the exact same might be extended, the “Expiration Time”). In addition, the withdrawal due date of 5:00 p.m., New York City City time, on November 5, 2025, for the Tender Deal has actually now passed. Appropriately, Notes validly tendered in the Tender Deal might not be withdrawn. Holders who tender (and do not validly withdraw) their Notes after the Early Tender Time however at or prior to the Expiration Time will be qualified to get U.S.$ 950 per U.S.$ 1,000 primary quantity of Notes, which is (i) the Overall Factor to consider minus (ii) the Early Tender Payment. The Business will just accept for purchase Notes as much as the Optimum Quantity. Because the Optimum Quantity has actually been reached in regard of tenders of Notes made at or prior to the Early Tender Time, no additional Notes will be accepted for purchase.
In addition, to the degree lawfully allowed to do so, the Business reserves the right, in its sole discretion, at any time to (i) waive any condition to the Tender Deal, (ii) modify any of the regards to the Tender Deal, (iii) end the Tender Deal, (iv) increase the Optimum Quantity, (v) extend the Withdrawal Due date, (vi) extend or modify the Expiration Time, or (vii) customize the Tender Deal Factor To Consider, in each case (besides provision (v)) without extending the Withdrawal Due date or otherwise renewing withdrawal rights of Holders, based on appropriate law.
Dealership Supervisors and Details Representative
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are serving as the dealership supervisors for the Tender Deal and can be exposured to concerns concerning the Tender Deal at the following phone number and e-mail addresses:
|
Citigroup Global Markets Inc. 388 Greenwich Street |
Deutsche Bank Securities Inc. 1 Columbus Circle New York City, New York City 10019 Attention: Liability Management Group Toll Free: +1 (866) 627-0391 Collect: +1 (212) 250-2955 |
J.P. Morgan Securities LLC 383 Madison Opportunity New York City, New York City 10179 Attention: Latin America Financial Obligation Capital Markets U.S. Toll-Free: (866) 846-2874 Collect: (212) 834-7279 |
Copies of the Deal to Purchase are readily available to Holders from International Shareholder Solutions Corporation (GBSC), the details representative and the tender representative for the Tender Deal. Ask for copies of the Deal to Purchase need to be directed to:
International Shareholder Solutions Corporation
By Mail, Overnight Carrier or Hand Shipment:
65 Broadway, Suite 404
New York City, NY 10006
Attn: Business Action
Email: contact@gbsc-usa.com
Banks and Brokers Call Collect: +1 (212) 430-3774
All Others, Call Toll Free: +1 (855) 654-2015
Crucial Notification
The Tender Deal is being made exclusively on the terms state in the Deal to Purchase. Under no situations will this news release make up a deal to purchase or the solicitation of a deal to offer the Notes or any other securities of the Business or any of its affiliates. The Tender Deal is not being made to, nor will the Business accept tenders of Notes from, Holders in any jurisdiction in which the Tender Deal would not remain in compliance with the securities laws of such jurisdiction. No suggestion is made by Deutsche Bank Trust Business Americas, as trustee, the Business, the dealership supervisors or the details representative and the tender representative regarding whether Holders need to tender their Notes with regard to the Notes. Holders need to thoroughly check out the Deal to Purchase due to the fact that it includes crucial details, consisting of the numerous terms of the Tender Deal.
Cautionary Note Relating To Forward-Looking Statements
This news release consists of declarations that reveal our viewpoints, expectations, beliefs, strategies, goals, presumptions, or forecasts concerning future occasions or future outcomes and for that reason are, or might be considered to be, “positive declarations.” These positive declarations can normally be recognized by the usage of positive terms, consisting of the terms “thinks,” “price quotes,” “expects,” “anticipates,” “looks for,” “tasks,” “plans,” “strategies,” “may,” “will,” or “need to” or, in each case, their unfavorable or other variations or similar terms. These positive declarations consist of all matters that are not historic truths, consisting of with regard to the Tender Deal or any issuance of New Notes. They appear in a number of locations throughout this news release and consist of declarations concerning our intents, beliefs, or present expectations.
By their nature, positive declarations include dangers and unpredictabilities due to the fact that they connect to occasions and depend upon situations that might or might not take place in the future. Although we base these positive declarations on presumptions that our company believe are affordable when made, we warn you that positive declarations are not assurances of future efficiency. Our real outcomes of operations, monetary condition, liquidity, potential customers, development, methods, position in the market, and the advancement of the market in which we run might vary materially from those explained in or recommended by the positive declarations included in this news release.
Provided these dangers and unpredictabilities, you are warned not to position unnecessary dependence on these positive declarations. Any positive declarations included in this news release speak just since the date of those declarations, and we carry out no responsibility to upgrade or modify those declarations or to openly reveal the outcomes of any modifications to any of those declarations to show future occasions or advancements. Contrasts of outcomes for present and any previous durations are not planned to reveal any future patterns or indicators of future efficiency, unless specifically specified as such, and need to just be deemed historic details.
About SierraCol Energy
SierraCol Energy is the biggest independent E&P Business in Colombia based upon gross run and collectively ran production, with complete life-cycle abilities throughout expedition, advancement and production. The Business handles a premium portfolio with durable totally free capital generation and is recommended by The Carlyle Group.
Financier Relations Contact
SierraCol Energy
Email: ir@sierracol.com
Site: www.sierracolenergy.com
SOURCE SierraCol Energy Limited